Approximately 3 million used vehicles are sold annually in Canada which represents a $40 Billion used auto market. The average life expectancy of a car continues to increase, and it seems like there's never been a better time for Canadians to own a car, especially during a time when public transit no longer feels like a safe option.
Todd Hudson, CEO of Axis Auto Finance, joins Kenrick Sylvestre to discuss Axis's leadership in the vehicle finance space, and how its customers can actually improve their credit rating through an Axis loan. They also chat about the “game changing” DriveAxis.ca portal which provides customers access to over 20,000 vehicles, and allows them to buy a car, secure financing and have it delivered right to their home – all from their smartphone!
They unpack the sheer scale of the online used vehicle market, the "Amazon Effect'', the Axis Credit Engine (or ACE) underwriting platform, and so much more. Together they relive their football glory days, or at least Todd's anyways, look ahead to the future for auto loans and what it really means when more consumers have access to them.
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Stocks Not Sports is a podcast brought to you by INFOR Financial Group. We talk about investment ideas in the same casual way we talk about sports. If you're a fan of the podcast, don't forget to subscribe, rate and review!
DISCLAIMER: This podcast is not to be taken as investment advice and participants or employees of INFOR Financial group may own securities discussed in this podcast. While we love all of our guests, this podcast may contain forward looking statements, investment opinions and comments that we DO NOT agree with AT ALL!
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