Fraud is Hitting Dealerships Hard When one bad deal can erase tens of thousands in profit, fraud becomes impossible to...
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This Month's Focus
Artificial Intelligence
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COMMENTARY: Inventory acquisition in the AI age
While many dealers have always “trusted their gut,” the old instinct-driven approach to buying used car inventory is quickly becoming obsolete. For decades, dealers relied on a familiar formula: when a vehicle sold, replace it with another one just like ... Read More
AI at car dealerships: a ‘crawl, walk, run’ evolution with data at foundation
When it comes to practical applications of artificial intelligence for car dealers, it’s a marathon, not a sprint. Or a “crawl, walk, run” approach, says QuoreAI founder and CEO Todd Smith. “There’s no (case where you) plug in AI and ... Read More
Marketing for car dealerships in the age of AI
There’s no doubt that artificial intelligence is revolutionizing the way companies do business — and the automotive industry is no exception. In fact, most dealers have already embraced AI models and incorporated them into their daily operations. From analyzing data ... Read More
PODCAST: Autonomous vehicles & the used-car market with Peter Janczewski of Draiver
We continue our episodes of the Auto Remarketing Podcast originating from the Live Stage, which was sponsored by SYCN Auto Logistics, during the Used Car Industry Summit in Miami this spring. To get a better understanding of how autonomous technology ... Listen Here
SPONSORED EPISODE: The new definition of value in used-car retailing and the role of compliance
For this special sponsored episode of the Auto Remarketing Podcast, GWC Warranty senior vice president and managing director James Virgoe shared some of his personal experiences of buying a vehicle earlier this year to illustrate how the definition of “value” ... Listen Here
Retail
Lithia sells Ferrari store in Denver
Lithia Motors has sold its Ferrari of Denver store to Woodhouse Auto Family CEO Jason Pittack, according to a news release from Pinnacle Mergers & Acquisitions, which advised Lithia on the transaction. Pinnacle also represented Lithia when it sold Toyota ... [Read More]
Kunes, AutoNation, Rick Case dealer groups offer help to improve well-being of communities
From south Florida to the Southwest and several states in between, a few of the nation’s largest dealer groups have taken action to help safeguard the well-being of those in their communities, be it providing food and nourishment, medical care ... [Read More]
Wholesale
COMMENTARY: Why today’s street-sourced dealers are the biggest threats to public retailers
For decades, the American auto dealer has operated on a predictable, rhythmic cycle. New cars arrived from the factory, leases were signed, and 36 months later, those same vehicles flowed back into the ecosystem like clockwork. This off-lease pipeline was ... [Read More]
PODCAST: Forming the Transport Queens with Amber Gosney of SYCN Auto Logistics
We continue our episodes of the Auto Remarketing Podcast originating from the Live Stage, which was sponsored by SYCN Auto Logistics, during the Used Car Industry Summit in Miami this spring. Amber Gosney of SYCN Auto Logistics recapped how she ... [Read More]
Technology
Dealer group-backed Lokam.ai launches AI platform for service & sales follow-up in US
A new voice-first artificial intelligence platform designed help car dealerships with sales and service follow-up has launched in the U.S. The platform, called Lokam.ai, is designed to automate customer communication, giving dealers greater capability to capture, convert and retain more ... [Read More]
Cox Automotive closes Fullpath acquisition
About six weeks after announcing the acquisition, Cox Automotive said Monday it has completed its purchase of customer data platform and marketing automation company Fullpath. It’s a move that allows Cox to help dealers drive more efficiency, deals and profitability, ... [Read More]
Analysis
Catalyst IQ & JD Power explain underlying reasons why retail prices for used cars keep rising
Catalyst IQ and JD Power each offered some clarity for why used-car retail prices are climbing even faster than ones for new models, which are just $30 below the record level seen in July 2023. And perhaps more importantly for ... [Read More]
COMMENTARY: Inventory acquisition in the AI age
While many dealers have always “trusted their gut,” the old instinct-driven approach to buying used car inventory is quickly becoming obsolete. For decades, dealers relied on a familiar formula: when a vehicle sold, replace it with another one just like ... [Read More]
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