Binary Automotive Solutions chief marketing officer Troy Scheer is back on the Auto Remarketing Podcast. In this epsiode, he talks more about social listening and how it can help dealers prevent future problems, lessons learned from 2020, new programs at Binary and much more. Plus, Troy shares a bit about his new podcast, "Culture of […] [Read More]

Saying that cryptocurrency is becoming accepted into the mainstream as a viable form of payment, eAutoLease will soon will accept cryptocurrency as payment for leasing and online auto sales. eAutoLease, which serves customers in New York, New Jersey, Connecticut and Pennsylvania, said U.S. luxury car dealerships have begun accepting various forms of cryptocurrency over the […] [Read More]

A sluggish start has not dimmed Cox Automotive’s outlook for certified pre-owned vehicle sales this year. According to the company’s analysis of Motor Intelligence data, January’s 201,023 CPO sales marked a 7% year-over-year decline and a 13% month-over-month drop. But take last month's softening with a grain of salt. The year-ago figure marked a decade-high for […] [Read More]

When car shoppers go back and forth between an online marketplace and a dealer's website, it can be challenging to keep that experience seamless. Cars.com chief revenue officer Doug Miller joins the show to talk about that process, how the various platforms with the CARS group (Cars.com, DealerRater, Dealer Inspire and FUEL) interact during the […] [Read More]

In today’s crazy times, consumers can still count on their vehicles. According to the just-released J.D. Power 2021 U.S. Vehicle Dependability Study, vehicle dependability is at an all-time high. The overall level of problems cited by owners has declined 10% from a year ago. J.D. Power’s 2021 study also highlighted the most dependable model. That […] [Read More]

Among the many intriguing findings from the Swapalease Q4 Lease Report, not only are consumers becoming more interested in leasing a Tesla, they appeared to be driving more in general judging by the softening amount of mileage left on a lease contract up for a takeover. Analysts determined consumer searches for Tesla vehicles on the […] [Read More]

F&I company JM&A Group has designed a virtual inspection process in which its analysts can use video technology when working with repair shops to conduct visual inspections. With that process, called Inspect Now, its analysts can verify claims that would otherwise require in-person inspections. The analysts can approve the start of the repair more quickly. JM&A […] [Read More]

The average used vehicle takes 38.9 days to sell. But the top 20 fastest-selling vehicles only take an average of 29.6 days, more than 30% faster, according to iSeeCars.com. Similar to new cars, SUVs dominate the list of the top 20 fastest-selling used vehicles, according to a new study from the car search engine company. […] [Read More]

It's a seller's market. According to an analysis from assisted commerce car buying app CoPilot, the pandemic has driven new- and used-car inventories to historic lows. “As a consequence, buyers face limited selection and little leverage in price negotiations in most categories. If a buyer balks on price, sellers know they can find another buyer,” […] [Read More]

As the new year begins, the new norms inherent in conducting business during the COVID-19 pandemic continue. The adjustments to these new norms affect everyone personally and professionally, which has in some ways brought forth an opportunity to connect at a more authentic level than ever before. Consider this: every Zoom call brings you into […] [Read More]