Next up on our series of shows from the Canada’s Used Car Week Podcast Stage is a conversation with Guy Potvin, digital success manager at iPacket. Potvin discusses his CUCW presentation on how “Informed Buyers are Driving the Future of Retail,” explaining the type of information car buyers want and how dealers should provide that […] [Read More]

At this year’s Auto Intel Summit + National Remarketing Conference presented by SmartAuction in Cary, N.C.., a trio of experts discussed how digital auditing is now enabling floorplan and wholesale finance companies to “self-audit” physical auto and equipment inventory, leveraging artificial intelligence, machine learning and API integration. This week, NextGear Capital rolled out that kind […] [Read More]

Digital auditing is now enabling floorplan and wholesale finance companies to “self-audit” physical auto and equipment inventory, leveraging artificial intelligence, machine learning and API integration. At this year’s Auto Intel Summit + National Remarketing Conference presented by SmartAuction in Cary, N.C.., Marguerite Watanabe of Connections Insights moderated a panel discussion about how these digital audits […] [Read More]

Buyers at CarMax Auctions now have a new option for financing their purchases. Kinetic Advantage, an independent floorplan company for independent dealers, has partnered with CarMax to provide dealer floorplan financing at its auctions. “CarMax is recognized as one of the premier, dealer-friendly auto auctions in the country,” Kinetic Advantage president and CEO Marty McFarland […] [Read More]

Coinciding with S&P Global Mobility discovering the average age of vehicles on the road is 12.6 years — an all-time high — Sunbit highlighted its own milestone on Thursday, announcing its buy-now, pay-later financing technology is available at more than 50% of dealership service centers in the U.S. Since launching in the auto services sector, […] [Read More]

Artificial intelligence is everywhere these days. Now it’s coming to the auto dealership buy-sell market. Retail automotive advisory firm Dave Cantin Group has launched an AI-powered data-mining software designed to provide data-driven valuations for U.S. new-car dealerships, regardless of brand, location or direct input from the dealership. DCG said its proprietary software takes in more […] [Read More]

Vroom, which completed the winddown of its ecommerce operations and used-car retail business in the first quarter, detailed the financial results of its Q1 on Friday and provided some color on the state of its remaining United Auto Credit and CarStory business units. The company reported a $44.7 million net loss from continuing operating in […] [Read More]