AUTOFI


Associated tags: API, Service, Online shopping, Consumer, Santander Consumer Bank (Deutschland), Henson v. Santander Consumer USA Inc., Banco Santander, Retail

Locations: US, TEXAS, UNITED STATES, MASSACHUSETTS, SANTANDER, CALIFORNIA, NORTH AMERICA

Mitsubishi Motors Launches Industry-First Digital Retailing Program, Connects Prequalified Shoppers To Dealer In-Store Capabilities For A Transparent And Faster Car Buying Experience

Retrieved on: 
Monday, February 5, 2024

ClickShop 2.0 connects the car-buying journey from Mitsubishi Motors' Tier-1, and its dealer partner's Tier-3, websites directly to the Mitsubishi dealer showrooms, delivering an unparalleled and seamless shopping experience.

Key Points: 
  • ClickShop 2.0 connects the car-buying journey from Mitsubishi Motors' Tier-1, and its dealer partner's Tier-3, websites directly to the Mitsubishi dealer showrooms, delivering an unparalleled and seamless shopping experience.
  • This industry-first blend of three partners' core strengths will revolutionize the way consumers shop for Mitsubishi Motors vehicles and enable Mitsubishi Motors dealers to deliver the buying experience consumers have long desired.
  • ClickShop 2.0 delivers more transparent choices and dramatically shorter sales cycles, benefiting both customers and dealers.
  • ClickShop 2.0 makes buying a new car fast and fair, establishing a positive relationship with our customers right from the start."

AutoFi's Platform Expansion Delivers Overwhelming Results With Deal Time Reduced by 70%

Retrieved on: 
Monday, January 8, 2024

Capabilities including deal estimation, desking, lender routing and F&I menu, are now all included in one powerful platform effectively bridging the existing sales technology gap between the in-store CRM and DMS systems.

Key Points: 
  • Capabilities including deal estimation, desking, lender routing and F&I menu, are now all included in one powerful platform effectively bridging the existing sales technology gap between the in-store CRM and DMS systems.
  • AutoFi’s expanded platform solves everyday problems with the flexibility to enhance existing dealership processes, not force change on them.
  • With rapid product iteration across a diverse dealer base, we have brought to life a product that delivers results we never could have imagined.
  • The AutoFi platform includes digital retailing, deal estimation, desking, lender routing and F&I menu - all in one powerful platform that helps dealers sell smarter, not harder.

Leading Credit and Automotive Compliance Technology Company, Informativ, Partners with AutoFi to Streamline Compliance Checks

Retrieved on: 
Tuesday, July 18, 2023

"Our Dealer Safeguard compliance platform is the leader in the auto industry and critical to dealers today," said David Carner, CEO of Informativ.

Key Points: 
  • "Our Dealer Safeguard compliance platform is the leader in the auto industry and critical to dealers today," said David Carner, CEO of Informativ.
  • Prior to the integration, dealers had to type information from the credit application, driver's license, and insurance into the Dealer Safeguard platform as compliance checks are a mandatory part of the credit process.
  • "Dealers today have a target on their backs when it comes to compliance," said Doug Fusco, founder of Dealer Safeguard Solutions.
  • Our partnership with AutoFi only furthers our ability to streamline and improve the sales process for dealers and consumers, all while ensuring it's compliant."

AutoFi and Santander Consumer USA Scale Innovative Self-Service Finance Solutions to Over 13K Dealers, and Launch Industry-Leading Finance-Based Shopping Marketplace

Retrieved on: 
Wednesday, January 18, 2023

Santander Consumer USA, a leading full-service consumer finance company focused on vehicle finance, expanded its partnership with AutoFi in 2022 to develop Santander Consumer’s end-to-end digital car buying experience.

Key Points: 
  • Santander Consumer USA, a leading full-service consumer finance company focused on vehicle finance, expanded its partnership with AutoFi in 2022 to develop Santander Consumer’s end-to-end digital car buying experience.
  • In late 2022, AutoFi worked with Santander Consumer to pilot a direct-to-consumer marketplace in the southwest region of the United States.
  • This marketplace allows consumers to shop for a vehicle however, wherever, and whenever they want, and streamlines the financing process.
  • The marketplace will bring new “transaction-ready” vehicle shoppers to Santander Consumer dealers and is scheduled to roll out nationally in spring of 2023.

Santander Consumer Expands its Digital Auto Finance Experience in Partnership with AutoFi

Retrieved on: 
Monday, March 7, 2022

The consumer digital experience will bring new "transaction-ready" vehicle shoppers to SC's dealers by enabling consumers to preview a dealer's inventory online and identify cars they want and can afford, before they visit the dealership.

Key Points: 
  • The consumer digital experience will bring new "transaction-ready" vehicle shoppers to SC's dealers by enabling consumers to preview a dealer's inventory online and identify cars they want and can afford, before they visit the dealership.
  • Santander Consumer USA President and CEO, Mahesh Aditya, said, "Our new digital product suite will connect dealers, consumers and vehicles more effectively than ever before.
  • AutoFi's co-founder and CEO, Kevin Singerman, said, "Santander is a global leader in auto finance, and we are excited to expand our partnership with them on this digital experience.
  • Santander Consumer USA Inc. is a full-service consumer finance company focused on vehicle finance, third-party servicing and delivering superior service to our more than 3.0 million customers across the full credit spectrum.

WELLS FARGO AND AUTOFI TEAM UP TO PROVIDE CAR BUYERS AND DEALERS WITH FAST AND EASY ONLINE SALES AND FINANCING

Retrieved on: 
Wednesday, September 1, 2021

According to the June 2020 CarGurus U.S. COVID-19 Sentiment Study, before the pandemic, 32% of car shoppers were open to buying online.

Key Points: 
  • According to the June 2020 CarGurus U.S. COVID-19 Sentiment Study, before the pandemic, 32% of car shoppers were open to buying online.
  • Working together, Wells Fargo and AutoFi will help consumers complete their digital purchase journey seamlessly and conveniently,including prequalifying for a loan to approval and financing.
  • Customers of the country's top automotive dealers, digital retailers, and online marketplaces can obtain real-time credit decisioning from Wells Fargo.
  • AutoFi is the leading commerce platform for end-to-end digital automotive sales and financing, powering billions of dollars in transactions every year.

TrueCar Teams Up with AutoFi to Provide Car Shoppers a Seamless Financing Experience

Retrieved on: 
Wednesday, August 4, 2021

"AutoFi is a FinTech pioneer in the automotive segment and a proven digital retailing solution used by thousands of dealers.

Key Points: 
  • "AutoFi is a FinTech pioneer in the automotive segment and a proven digital retailing solution used by thousands of dealers.
  • It is yet another way we want to give TrueCar shoppers the best experience possible while making a car purchase," said Mike Darrow, CEO & President at TrueCar.
  • "TrueCar is laser focused on using leading technology to enhance the consumer experience," said Kevin Singerman, CEO and co-founder at AutoFi.
  • "AutoFi is excited to partner with TrueCar to extend our digital sales and financing solutions, beyond just the dealership's website, but to TrueCar's vast audience of millions of car shoppers."

Online Automotive Retailing Takes a Major Step Forward With AutoFi’s Lending as a Service

Retrieved on: 
Tuesday, January 26, 2021

Now original equipment manufacturers, online dealerships, inventory aggregators, lenders and marketplace integration partners can offer online financing to their customers by leveraging AutoFis new API Suite.

Key Points: 
  • Now original equipment manufacturers, online dealerships, inventory aggregators, lenders and marketplace integration partners can offer online financing to their customers by leveraging AutoFis new API Suite.
  • The Enterprise Division is an expansion of AutoFis business and its existing Digital Retail Solutions Division.
  • Lending as a Service allows the industry to take a major leap forward by natively integrating financial services into automotive e-commerce.
  • Jonathan Schenk, AutoFis chief revenue officer said, Today, our enterprise customers include online dealers, OEMs, banks, and rental car companies.

AutoAlert and AutoFi Collaborate to Boost and Simplify Customer Vehicle Purchases Online

Retrieved on: 
Thursday, May 14, 2020

In the new collaborative solution, AutoAlert will integrate AutoFi financing capabilitiesinto its outgoing customer offers so vehicle shoppers can complete the purchase from the safety of their homes or anywhere else.

Key Points: 
  • In the new collaborative solution, AutoAlert will integrate AutoFi financing capabilitiesinto its outgoing customer offers so vehicle shoppers can complete the purchase from the safety of their homes or anywhere else.
  • AutoAlert executives believe these enhanced online sales capabilities may accelerate buying cycles, leading to a faster recovery in dealership jobs and revenue.
  • "Our partnership with AutoAlert creates a powerful customer experience, giving vehicle buyers personalized offers that for the first time can be transacted remotely.
  • Bob Tasca, Vice President of Tasca Automotive Group, which has 9 dealerships in several states, applauds the integration of AutoAlert and AutoFi.