Beyond the Transaction: Overcoming customers’ affordability concerns through the financing process
Wednesday, Apr. 17, 2024, 03:41 PM
InfoSum, Experian seek to increase power of auto brands’ first-party data
Monday, Apr. 1, 2024, 01:28 PM
Ally picks former Discover, TD Bank exec as next CEO
Thursday, Mar. 28, 2024, 10:18 AM
Financial
Flexcar subscribers surpass 100 million miles driven
Tuesday, Nov. 28, 2023, 03:39 PM
Auto Remarketing Staff
Flexcar has come a long way since it launched in 2021. And its customers have gone even farther. More than 100 million miles, in fact. The vehicle subscription service announced its customers have surpassed that milestone in Flexcar vehicles. “People who are in the market for a car today face record-high prices for buying or […] [Read More]
AutoVerify gets first US OEM certification as GM approves Car Media products
Wednesday, Nov. 22, 2023, 11:35 AM
Auto Remarketing Staff
AutoVerify’s digital merchandising products, Car Media Premium Capture and Car Media 360, have been approved by General Motors to join its Dealer Digital Solution program. The U.S. OEM certification is the first for Car Media and its parent company AutoVerify, a Canadian-based technology platform that is now certified by a total of 13 brands in […] [Read More]
COMMENTARY: It’s all about the perfect payment
Friday, Nov. 10, 2023, 11:59 AM
Aaron Bickart, OfferLogix
There’s nothing about paying bills that consumers like, so it follows that the easier and cheaper and most penny perfect they are to pay, the better, right? KISS! The U.S. Navy coined the phrase “KISS” — aka “Keep it Simple Stupid”— in 1960 to refer to jet mechanics, and it was eventually adapted across the […] [Read More]
Cox Automotive names next CFO
Friday, Sep. 15, 2023, 12:50 PM
Auto Remarketing Staff
Cox Automotive named a new chief financial officer on Friday. Appointed to the role is Scott LeTourneau, who was most recently senior vice president of corporate development for Cox Enterprises, which is Cox Automotive’s parent company. LeTourneau, who has been with Cox since 2012, will start the new role as executive vice president and CFO […] [Read More]
PODCAST: Cory Collins of Automotive Reinsurance Concepts on dealership F&I training
Thursday, Sep. 14, 2023, 02:49 PM
Auto Remarketing Staff
Cory Collins, who is a national F&I trainer with Automotive Reinsurance Concepts, talks with Cherokee Media Group associate editor Andrew Friedlander about the dealer F&I landscape, success strategies for dealers and his upcoming session at Used Car Week on “4 Steps To A Solid Menu Presentation.” Plus, Cory discusses his journey in automotive, his work […] [Read More]
Vincentric updates data on taxes and fees for all US states and Canadian provinces
Wednesday, Sep. 6, 2023, 12:15 PM
Auto Remarketing Staff
Automotive data provider Vincentric last week released its most recent update to its fees and taxes data, which the company said offers the most up-to-date automotive ownership costs to the U.S. and Canadian markets. The data enhancement incorporates detailed state-by-state and province-by-province updates for the U.S. and Canada, including electric vehicle tax credits, and, Vincentric […] [Read More]
Carvana now in position for ‘significant financial flexibility’
Thursday, Aug. 31, 2023, 04:31 PM
Joe Overby, Senior Editor
Carvana has ended August in a position to have a lot more breathing rooming financially. The online used-car retailer said Thursday it has completed its previously announced debt exchange with more than 96% of noteholders. This gives Carvana “significant financial flexibility as it continues to execute its profitability and growth plan” through cutting total debt […] [Read More]
Exponential Exchange closes on $7.4 million funding to develop risk mitigation tools for the automotive ecosystem
Wednesday, Jul. 26, 2023, 03:16 PM
Auto Remarketing Staff
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]
PODCAST: Caramel co-founders Craig Nehamen & Ed Brojerdi
Tuesday, Jul. 25, 2023, 03:28 PM
Auto Remarketing Staff
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]
PODCAST: NextGear Capital president on financial resiliency of independent dealerships
Wednesday, Jul. 12, 2023, 02:06 PM
Auto Remarketing Staff
Continuing our Auto Remarketing Podcast episodes originating from this year’s NIADA Convention in Las Vegas, Cherokee Media Group’s Nick Zulovich shared a conversation with NextGear Capital president Scott Maybee. Among other topics, the pair discussed how independent dealerships are remaining resilient financially as the cost of funds and doing business continues to escalate. The conversation […] [Read More]