Independent battery health certification is the new gold standard for used EV dealerships. The latest AVILOO detect Magazine reveals how...
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SPONSORED EPISODE: Five questions to ask before choosing a transportation partner
This sponsored episode of the Auto Remarketing Podcast features two experts from Central Dispatch who offer valuable guidance for choosing a transportation partner. Shanna Wise, who oversees business strategy execution, and Blake Bentley, who leads enterprise client account success, take ... Listen Here
Inside Auto Auction M&A with Mach10 CEO George Pero
The auto auction industry has seen a spike in M&A over the last three years, similar to the consolidation in auto retail that has been going on much longer. And our guest today has experience with both. George Pero is ... Listen Here
Insight into Q3 Wolters Kluwer Auto Finance Digital Transformation Index
While the year-over-year figure reflects broader market volatility, Matthew Babcock, who oversees digital lending product strategy for Wolters Kluwer, explained the strong quarter-over-quarter increase of the Q3 Wolters Kluwer Auto Finance Digital Transformation Index signals market re-engagement. Babcock elaborated about ... Listen Here
Retail
CarMax announces CEO transition
CarMax and its leadership have developed a modernized used-car retailing experience in recent years, with a strong, fundamentally sound foundation — it is the nation’s largest used-car retail business, one that’s trusted by consumers and provides a “simple, transparent and ... [Read More]
Sonic’s F&I, fixed ops driving franchise dealer profitability
Sonic Automotive generated a record quarter for franchise dealer revenues of $3.4 billion, representing a 17% year-over-year increase and an 11% rise on a same-store basis. Fixed operations was a bright spot, helping to drive this success in the publicly ... [Read More]
Wholesale
Lane watch: Price softening intensifies as November arrives
The wholesale market turned the calendar to November on Saturday, and wholesale values are cooling similarly to the deep autumn temperatures. Black Book reported that overall wholesale prices decreased by 1.04% last week, with vehicles less than 2 years old ... [Read More]
Paluzzi to lead RPM’s product strategy, completing trio of executive additions
RPM has hired Mario Paluzzi as chief product and strategy officer, an addition the non-asset-based vehicle and freight logistics provider called a cornerstone of its technology-based vision and a sign of its “focused drive” to unify its product strategy and ... [Read More]
Technology
Holman drives beyond automotive with new robotics division
Holman has its hand in just about every aspect of the auto industry. Now it’s branching out — into the robot business. The dealership group/global automotive services company announced the launch of Holman Robotics, a new division that aims to ... [Read More]
Lotlinx begins initial launch of LotGPT, its dealer-facing AI advisor
Perhaps if you don’t use artificial intelligence regularly, you’ve probably still heard about ChatGPT. Well, here comes LotGPT, an AI advisor that puts Lotlinx’s intelligence directly in dealers’ hands. Fueled by Lotlinx’s decades of VIN-level and shopper data, the company ... [Read More]
Analysis
End of EV tax credit sparks ‘reset era’ where pragmatism rules
The appetite for electric vehicles hasn’t evaporated. Far from it. It’s just that now, with the $7,500 tax credit having expired, the demand that exists (albeit smaller) is more genuine interest and “less deal-driven.” Or as Jessica Caldwell of Edmunds ... [Read More]
Consumers looking for ‘balance’ in vehicle technology, Enterprise survey finds
Technology has exploded in the modern automobile, with touchscreens, adaptive cruise control and all sorts of bells and whistles available. But according to research from Enterprise Mobility, most people don’t want all of that on their vehicle. The parent company ... [Read More]
