AutoSuccess

APRIL 28, 2025

Lendbuzz announced the launch of Express Contract, an AI Auto Loan Approval offering for dealers financing borrowers with thin to no credit history. The post AI Auto Loan Approval for Fast Vehicle Financing appeared first on AutoSuccessOnline. It saves up to 30% of the time compared to traditional lending.

Finance

Auto Service World

JANUARY 6, 2025

All Alliance executive leadership teams, including those in information technology, sales and marketing, category management and finance, will continue to report to Washbish. Washbish becomes the third CEO in the history of the Alliance, following his father, John R.

Finance

AutoShopOwner

APRIL 2, 2025

Separate Business and Personal Finances: This is crucial. Tax Tip #2: Dont Be Afraid to Leverage Technology Technology is your best friend when it comes to efficiently managing the finances in your auto repair business. Its no secret that time is limited as an auto repair shop owner. labor, parts sales, diagnostics) and expenses (e.g.,

Auto Repair Shop

AutoSuccess

MARCH 14, 2025

Here are the central themes and proposed actions outlined in the report: AI in Financial Services: AIs increasing adoption in areas like underwriting, fraud detection and customer service is modernizing auto finance operations. This approach not only ensures compliance but also fosters a culture of transparency and accountability.

Finance

Auto Service World

APRIL 9, 2025

Now at the helm, Favelle oversees daily operations and staff, while Bornn manages inventory, technical operations and finances. Eldon Bornn and Tiffany Favelle are the new owners of Elmac Auto Electric Ltd., a Bumper to Bumper auto parts store in Red Deer, Alta.

Electricity

Auto Service World

MARCH 4, 2025

Digital tools Cox Automotives research suggested that improved digital tools and advances in AI have revolutionized the car-buying experience, offering a more transparent view of pricing, financing details and inventory availability. Spending more time shopping and exploring products and deals can actually be enjoyable for consumers.

Car

Tomorrow's Technician

NOVEMBER 26, 2024

billion from the Department of Energy Loan Programs Office, pending finalization of financing. EVgo announced it is expanding its partnership with Meijer, a Midwest grocery retailer, to enhance public fast-charging infrastructure at Meijer locations across Michigan, Illinois, Wisconsin, Indiana, Ohio and Kentucky.

Finance

Auto Service World

DECEMBER 11, 2024

As the need for larger inventories grew, jobbers increasingly relied on credit facilities to finance stock expansion. Unfortunately, many jobbers ours included were not equipped to adapt to this level of change, lacking the necessary technology, talent and succession planning to respond effectively. In fact, in both Canada and the U.S.,

Finance

Auto Service World

JUNE 12, 2025

Additionally, 68 per cent of Gen Zers and 71 per cent of millennials want AI agents to suggest the best financing options, compared to 53 per cent of baby boomers. For automotive CIOs and leaders, understanding and acting on these generational changes is crucial for developing successful customer engagement and product development strategies.

Car

AutoSuccess

MARCH 19, 2025

According to Experians State of the Automotive Finance Market Report: Q4 2024 , more than 50% of new EV purchases were leases, and EVs accounted for nearly 20% of all new vehicle leases during the quarter. Expanding beyond the EV market, the report showed more financing is comprised of late-model vehicles (model years up to three years old).

Finance

Jalopnik

JANUARY 8, 2025

A federal judge in Georgia is ordering a bankrupt auto financing company to pay out $42.6 million in damages, restitution and penalties for violating the Consumer Financial Protection Act. It apparently carried out wrongful repossessions , over billing and other awful practices and scams. Sometimes car dealers cannot Read more.

Finance

Auto Remarketing

JANUARY 8, 2025

Revolutionizing subprime auto finance For businesses involved in subprime auto financing, blockchain offers transformative potential: Improve credit scoring: Decentralized data can help create more accurate and dynamic credit profiles, enabling lenders to better assess risk and potentially increasing access to financing for underserved populations.

Automotive

Tomorrow's Technician

NOVEMBER 26, 2024

billion from the Department of Energy Loan Programs Office, pending finalization of financing. EVgo announced it is expanding its partnership with Meijer, a Midwest grocery retailer, to enhance public fast-charging infrastructure at Meijer locations across Michigan, Illinois, Wisconsin, Indiana, Ohio and Kentucky.

Finance

AutoSuccess

NOVEMBER 26, 2024

Personalization and Customization: Texts can be tailored to a customer’s specific interests using data-driven insights, such as updates on a specific vehicle model or financing options. This immediacy makes it ideal for initiating contact with potential customers. This personalized approach makes communications more relevant and engaging.

Finance

DRIVE

NOVEMBER 11, 2024

Budgeting and Securing Funding: Expansion requires significant investment, so we’ll cover strategies for budgeting, securing funding, and managing finances effectively. “I believe that knowledge solves all problems. If you can understand something you can do something about it.”–Tony

Automotive

AutoSuccess

JUNE 26, 2025

Together, they now offer wholesale finance software that includes both digital and physical audit capabilities. Adapting Wholesale Finance Software to Lender Needs Lenders face rising pressure to manage risk in real-time and scale operations reliably. SBS and AiM support a hybrid auditing approach for wholesale finance lenders.

Finance

AutoSuccess

MARCH 4, 2025

Over 90% of people who applied for financing through Sunbit technology were approved, and more than 75% decided to move forward with the financing offer. Dealership auto service, parts and repair financing is a tool for supporting customers through this shift. expanding its BNPL footprint in service and repair drives.

Finance

Solera

JULY 21, 2025

Between the sales floor, the customers, to finance and the actual delivery, I would say that putting these two systems together definitely brings it all together,” Pannett added. “I’ve always preferred new and prided myself on the profitability factor of new,” said Pannett. “I That shift required more than just a pricing strategy.

Finance

Auto Service World

MARCH 20, 2025

Historically, the automotive service industry demonstrates an inverse relationship with economic conditions: In prosperous times, new vehicle sales increase, reducing the average vehicle age and lease/finance turnovers, which dampens service revenue growth. However, this cycle has been atypical. For example, Monro, Inc., reported a 6.4

Automotive Services

AutoSuccess

JULY 11, 2025

The new platform includes Spanish versions of service, financing, credit, contact and other key pages. “The market told us merchandising inventory in Spanish is a great start, but we want to offer more to Spanish speakers, including service scheduling and financing.

Automotive

Auto Service World

JUNE 6, 2025

” With new vehicle supply severely constrained, inflation driving up prices and interest rates making vehicle financing less accessible, consumers held on to their cars longer. As the world began reopening, the sector experienced what many described as a “golden age.”

Finance

autoevolution

MARCH 12, 2025

Specifically, the bank that financed Fisker Ocean purchases partnered with Rivian to buy back Fisker vehicles at a fair price. Now, they get an offer they can't refuse from JPMorgan Chase as part of a settlement process. Fisker sent shockwaves throughout the automotive markets when it filed for ( continue reading. )

Banking

AutoShopOwner

NOVEMBER 19, 2024

Aside from keeping your finances neat and tidy, we also offer business consulting to help you boost revenue. At Three Rivers Bookkeeping, our auto repair shop clients have experienced significant financial improvements this year – and we’re raising a toast to them in this post! Here’s a look at what we’re thankful for in 2024.

Auto Repair Shop

Auto Remarketing

MAY 14, 2025

Top 5 features to keep dealers compliant Here is what to look for in a comprehensive compliance tool: Automated payment calculations of all necessary payment details, including vehicle costs, interest rates, down payments, and financing terms reduce human error and ensure that all financial information provided in advertisements is accurate.

Finance

autoevolution

JUNE 4, 2025

In a recent interview with Yahoo Finance, Rivian's software chief Wassym Bensaid said, "R2 is the platform that will underpin all future EV products at Volkswagen." " This line was taken out of context by various news outlets, which implied the German carmaker would adopt Rivian's vehicle platform.

Finance

AutoSuccess

JULY 4, 2025

These conversations contain a wealth of information — customer intent, service requests, sentiment, financing inquiries and competitor comparisons. Dealerships and service departments have countless inbound and outbound customer conversations.

Automotive

AutoSuccess

JANUARY 30, 2025

Once auto dealers are able to stop viewing online credit apps, and other customer-facing website tools, as simply lead gen opportunities and start viewing them as an integral part of the sales process, the silos that exist in the sales and finance process will disappear, eliminating the customer friction they cause, continued MacInnis.

Finance

AutoSuccess

NOVEMBER 15, 2024

With so many dealership employees involved in customer communications over the phone — whether it be sales, service, finance, you name it — it can be hard to conceive of bringing these communication channels together. It’s what connects people to one another, and it’s an essential, often underappreciated, element in a business’ success.

Tire Rotations

Auto Service World

MAY 13, 2025

Competing against dealerships As interest rates begin to fall, dealerships are regaining their ability to offer attractive leasing and financing options. Inventory levels are rebounding and dealer incentives, such as discounts and financing promotions, are returning.

Finance

AutoSuccess

MARCH 10, 2025

This means that customers can benefit from online platforms to accomplish tasks such as applying for online financing, getting quick approvals and even completing the paperwork before setting foot in the dealership. Dealerships are gaining significant value through predictive insights and automation.

Automotive

AutoSuccess

JANUARY 10, 2025

The AI compiles information from: Retail/wholesale values Trending Market data Book/financing VHR VDP/SRP Lead counts And other sources Once all the data is compiled and considered, Avery: Suggests a purchase price for the vehicle. It then provides a detailed explanation for each recommendation. Suggests a list price for the vehicle.

Finance

AutoSuccess

DECEMBER 4, 2024

You realize the potential buyer has no credit history, so you conclude that they have no chance of being able to finance the car. While it’s been common practice to prejudge and dismiss someone who appears unlikely to secure financing, it can needlessly cost your dealership the sales it needs to meet its goals.

Finance

Auto Service World

JULY 15, 2025

When looking at Toowoomba car sales , you’ll find competitive pricing and financing options that can help with your decision. Why waste time and money figuring out what works? There’s already a proven method for picking the perfect Ford SUV waiting for you. Each model targets specific buyer needs.

Finance

Solera

MAY 4, 2025

Online Financing Tools: Simplify one of the most stressful parts of car buying. These days, says Jenna Smith, Soleras VP of Professional Services, “the digital customer experience is the new showroom. Dealers who seamlessly blend online convenience with personalized service are the ones who will drive success in the future.

IT

AutoSuccess

MAY 25, 2025

The longer a vehicle sits on a dealership lot, the more it costs the dealer in depreciation, financing expenses and opportunity costs. AI-powered chatbots and virtual assistants can handle customer inquiries and even provide financing recommendations based on the customers credit profile.

Management

AutoShopOwner

DECEMBER 17, 2024

Why a Year-End Review is Critical A yearly review is essential for several reasons: You collect data to identify positive and negative patterns within your finances. If youre running a small automotive business, doing a year-end review gives you an accurate picture of your performance over the past twelve months. What went well this year?

Finance

Jalopnik

DECEMBER 6, 2024

Tesla, a company which once claimed its cars were appreciating assets , has indicated that it expects Cybertruck values to dip 30 percent over the first three years of ownership. According to the trucks recently opened lease program a three-year 30,000 mile lease on a standard Cybertruck AWD model would see a buyout Read more.

IT