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January 11, 2017 - Industry News

AutoGravity Adds First Investors to Vehicle Financing Platform

AutoGravity is adding First Investors Financial Services’ indirect business onto the AutoGravity platform, the two companies announced this week.

Tags: AutoGravity, Financing, Fintech, technology

January 9, 2017 - Industry News

RouteOne Canada Adds CIBC Auto Financing to Finance Portal

Participating dealers who have a relationship with CIBC can now process credit applications and finance contracts through RouteOne, the company stated.

Tags: CIBC, Financing, Online, RouteOne, RouteOne Canada

December 15, 2016 - Industry News

AutoGravity Unveils Vehicle Financing App

Add AutoGravity to the growing list of firms looking to digitize the finance portion of the car-buying process. The fintech firm unveiled today a mobile app that will allow California car buyers to secure vehicle financing or a lease.

Tags: AutoGravity, Financing, Mobile Applications, technology

August 18, 2016 - Industry News

CU Direct Network Grows Origination Volume 16.4% Through Q2

CU Direct's credit union network was the No. 3 auto loan originator in the first quarter. However, the network posted the highest year-over-year growth in auto originations.

Tags: Auto Loans, Credit Union, Delinquencies, Financing, Leasing, Report

March 10, 2016 - Industry News

FICO Survey: Millennials Prefer to Avoid the F&I Office

Results of a survey conducted by FICO revealed that Millennials still seek the freedom and the convenience of owning their own car. They just don't want to finance their next purchase through a dealership.

Tags: FICO, Financing, Millennials, Survey, Vehicle Ownership

January 6, 2016 - Industry News

FTC Plans to Study the Auto-Buying Experience

On Dec. 29, the Federal Trade Commission announced plans to conduct a qualitative survey of consumers who have purchased and financed an automobile from a dealer within the last six months. If issues are revealed, the agency said it may consider enforcement initiatives or rulemaking.

Tags: Customer Experience, Federal Trade Commission, Financing, Survey

September 2, 2014 - Industry News

Ally Launches Online Tool to Help Car Buyers Decide Between Leasing or Buying

The interactive tool, located on Ally’s website, leads consumers through five sample questions to help them determine the best purchase option for their driving needs and budget.

Tags: Ally Financial, Financing, Online Marketing

April 24, 2014 - Industry News

N.Y. Dealer Pleads Guilty to Fraud

A former dealer pleaded guilty to charges that he obtained double financing on 13 vehicles, amounting to $166,000.

Tags: Dealer Services Corporation, Financing, Fraud

May 21, 2013 - Industry News

PRNDL.com Adds Finance Center

Exclusive application process matches car buyers with best financing option. The Finance Center offers a full spectrum of credit options for all credit levels.

Tags: automotive, car shopper, Credit Score, Financing, Online, PRNDL, PRNDL.com

November 8, 2012 - Industry News

OpenRoad Lending Partners With TrueCar

TrueCar and OpenRoad Lending forge alliance to improve dealer-to-consumer relationship, according to officials.

Tags: Bernie Brenner, Chris Goodman, Financing, Internet, OpenRoad Lending, TrueCar

June 14, 2012 - Industry News

AutoTrader.com to Offer Financing Through RoadLoans.com

The vehicle listing site will now offer direct-to-consumer financing through Santander’s online auto financing platform.

Tags: AutoTrader.com, direct lending, Financing, RoadLoans.com

June 5, 2012 - Industry News

DealerTrack Enables Online Financing

The company’s new solution is designed to help dealers generate more quality finance leads and streamline online vehicle purchasing.

Tags: Dealertrack, Financing, Internet Leads, Online Financing

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