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Latest Stories
Technology
Axiom seeks to digitally ‘transform the auto ownership experience’
Friday, Dec. 6, 2019, 08:26 PM
Auto Remarketing Staff
Michael Reth says the automotive and insurance industries are facing “unprecedented change” that requires tangible consumer engagement “as they navigate their own digital transformation roadmap.” “In automotive and vehicle-focused industries, customers are requiring a digital experience in every step of the automotive buying, and ownership lifecycle,” said Reth, who is founder and chief executive officer […] [Read More]
Mitsubishi dealers can now use all of Dealer eProcess’ latest web tools
Friday, Dec. 6, 2019, 07:17 PM
Auto Remarketing Staff
Now that it is part of the Mitsubishi MiDigitalSolutions Website, Digital Advertising, Chat, Trade-In Tool, and Social Reputation Management programs, Dealer eProcess says Mitsubishi dealers can now choose from Mitsubishi website designs that are fully responsive. The designs are also ADA compliant and feature SSL security, according to Dealer eProcess, an automotive website and digital […] [Read More]
Executive Profile: Bruce Thompson of CarOffer
Friday, Dec. 6, 2019, 05:43 PM
Joe Overby, Senior Editor
Bruce Thompson is an “idea guy.” And it was one idea about inventory management in the late 1990s that helped spur what would become two decades of dealership software innovations from the Texas entrepreneur and his team. After getting into automotive on the wholesale side of the industry, Thompson eventually became a consultant for car dealers. […] [Read More]
Vroom lands quarter-billion-dollar Series H funding
Friday, Dec. 6, 2019, 12:00 PM
Auto Remarketing Staff
Used-car ecommerce platform Vroom has secured a $254 million Series H round of funding led by Durable Capital Partners LP. Among other purposes, these funds will be used to expand Vroom’s new product and engineering hub in Detroit. The round, announced Friday, means Vroom now has $721 million in total funding. Also participating in the […] [Read More]
Part II: Inside the quarterly results & overarching trends at online auto marketplaces
Tuesday, Dec. 3, 2019, 09:05 PM
Jim Leman , Correspondent
This piece, the full version of which appears in the upcoming Dec. 15 print edition of Auto Remarketing, delves into the recent quarterly results and developing trends at publicly traded online auto marketplaces CarGurus, Cars.com and TrueCar. Each of these companies released their third-quarter results in November and held accompanying earnings calls. We share the top-of-mind trends at […] [Read More]
COMMENTARY: Orchestrating energy and making sure electric fleets have the juice to deliver
Tuesday, Dec. 3, 2019, 05:06 PM
Anne Mellano, Bestmile
Amazon recently announced the order of 100,000 electric vans to be delivered by 2030. For perspective, that’s more vehicles than FedEx currently uses worldwide. Of the many points of discussion around autonomous electric vehicles and the services they are expected to deliver, one underrepresented topic is the battery capacity of electric vehicles and the limitations […] [Read More]
myKaarma, Uber integration could ease customer transportation for dealers
Monday, Dec. 2, 2019, 09:16 PM
Auto Remarketing Staff
A new integration between Uber for Business and dealer service department communications and payments software provider myKaarma could help dealerships reduce shuttle costs and guest wait times, decrease the number of days needed for loaner cars and simplify travel management, according to the companies. The companies say the integration can provide dealer service departments with an efficient transportation method […] [Read More]
Part I: Inside the quarterly results & overarching trends at online auto marketplaces
Monday, Dec. 2, 2019, 08:33 PM
Jim Leman , Correspondent
This piece, the full version of which appears in the upcoming Dec. 15 print edition of Auto Remarketing, delves into the recent quarterly results and developing trends at publicly traded online auto marketplaces CarGurus, Cars.com and TrueCar. Each of these companies released their third-quarter results in November and held accompanying earnings calls. Here are some of the […] [Read More]
Platform creates videos promoting manufacturers’ incentives
Monday, Dec. 2, 2019, 08:26 PM
Auto Remarketing Staff
Tim James says videos that promote manufacturers’ monthly incentives are “one of the most-used and desired types of marketing content.” James is chief operating officer for Flick Fusion, which offers a video hosting, marketing and distribution platform to automotive and other inventory-based industries. The company on Monday introduced Dynamic Marketing Videos, or DMVs, for auto dealerships, […] [Read More]
CarNow helps future automotive leaders focus on education
Monday, Dec. 2, 2019, 07:33 PM
Auto Remarketing Staff
CarNow senior vice president of product and business development Aaron Baldwin believes that Northwood University is “best in class in producing talented automotive leaders.” Northwood University specializes in managerial and entrepreneurial education. “We are confident that our future talent will come from schools like Northwood,” Baldwin said in a news release. Many students attend Northwood […] [Read More]
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