Financial innovation platform Exponential Exchange has closed an oversubscribed $7.4 million seed funding round led by MaC Venture Capital to continue building a suite of financial instruments designed to bring new risk-management tools into the automotive ecosystem, as well as other industries with underserved asset classes. Industries such as agriculture, energy and manufacturing have long […] [Read More]

Ed Brojerdi and Craig Nehamen are co-founders and co-CEOs of Caramel, a digital checkout platform for independent dealers and private party buyers and sellers. They join the podcast from last month’s NIADA Convention, where they talked with Cherokee Media Group’s Joe Overby about how the platform works and its origin, where Caramel is in terms […] [Read More]

It’s like a virtuous circle for used electric vehicle affordability. An increasing percentage of pre-owned EVs are now priced under $25,000, the threshold to qualify for federal tax credits, which in turn would make those cars even more affordable. Here's how those numbers shake out ... [Read More]

ADESA chief economist Tom Kontos returns to the Auto Remarketing Podcast for a wide-ranging conversation with Cherokee Media Group’s Nick Zulovich. Kontos shared his views on wholesale values, interest rates and whether the used-car industry needs only routine maintenance or a major overhaul. The conversation can be found in the window below. [Read More]

With some of the most anticipated movies of the summer now in theaters, new survey data collected by OnePoll on behalf of Carvana highlighted what 2,000 respondents said about their dream car that they might have first spotted on the Silver Screen or elsewhere. The survey showed one in three respondents (33%) starting to nurture […] [Read More]

Quality of work and customer experience are more likely to drive vehicle service customers to return to a dealership for future maintenance and repairs than price, according to a survey conducted by DriveSure. The provider of customer retention products for new car dealerships released the 38-page 2023 Dealership Service Retention Report on the findings of […] [Read More]

After the largest month-over-month decline in more than three years, wholesale vehicle prices have continued to ease in July, according to a Cox Automotive analysis. The company’s mid-month Manheim Used Vehicle Value Index is at 213.1, as wholesale prices are down 1.0% from June and 11.1% softer than the full month of July 2022, when […] [Read More]

Overall satisfaction with automotive manufacturer websites has been steadily increasing since 2022, according to J.D. Power’s latest survey. The 2023 U.S. Manufacturer Website Evaluation Study – Summer showed a customer satisfaction score of 713 (on a 1,000-point scale) in the mass market segment, up five points from the 2023 winter survey and eight points from […] [Read More]

Used-vehicle sales are likely in for a somewhat bumpy ride in the second half of 2023, with interest rates and high prices putting downward pressure on pre-owned, according to the “Mid-Year Update & Intelligence Report” from CarGurus. But there was reason to be hopeful when looking at the used-car data from June. In its analysis, […] [Read More]

How about some good news connected with the pandemic? A recent analysis by S&P Global Mobility determined the availability of semiconductor chips that took a drastic toll on all facets of the automotive industry seems to have abated significantly. Experts said that by the middle of this year, the worst of the chip shortage fallout […] [Read More]