Stop letting messy data hold your dealership back from its true earning potential. While many multi-roof dealer groups struggle to...
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SPONSORED EPISODE: The Buy Online Shift & What Dealers Need to Know Now
In this sponsored episode of the Auto Remarketing Podcast, Cox Automotive’s Jeri Reichel joins us to speak to the evolving Buy Online experience. She shares more about how shopper expectations are changing and what dealers should understand and do as ... Listen Here
The Spark Between EVs & CPO
In light of electric vehicle maker VinFast launching a certified pre-owned program in the U.S., Auto Remarketing senior editor Joe Overby connects with leaders from the EV space to discuss why the segment is a natural fit for CPO and ... Listen Here
Vincenzo Ciampi of iA Financial Group
Next up on the Canada’s Used Car Week Live Stage is Vincenzo Ciampi . who is senior vice president, of auto finance and dealer services for Canada at iA Financial Group. Ciampi talks with Cherokee Media Group’s Joe Overby about ... Listen Here
Retail
EchoPark used-car stores help drive records for Sonic in Q2
Sonic Automotive posted an all-time quarterly gross profit record in the second quarter, thanks largely to gains in the retailer’s diversified operating segments. That includes its EchoPark Automotive used-car stores, where revenues climbed 15% year-over-year and total gross profits reached ... [Read More]
Leading auto dealer in mobile service space joins Curbee roster
One of the leading dealers in the mobile service space is now utilizing Curbee as its new mobile service technology platform. Bozard Ford Lincoln, which completes more than 2,000 monthly mobile service appointments and includes a fleet of more than ... [Read More]
Wholesale
Lane watch: 3 vehicle characteristics triggering premium bids
While watching depreciation come in at twice the average rate analysts saw during the same week before the pandemic, Black Book also identified three vehicle characteristics that are prompting buyers most as the calendar rolled from July to August. According ... [Read More]
Cox Automotive makes next move in transportation fraud fight with Secure Vehicle Transfer
Go to some places on social media and you might find posts conveying that the vehicle-transportation industry is in complete shambles because of fraud activity. Whether merited or overblown online hollering, Cox Automotive is looking to shore up its transportation ... [Read More]
Technology
FM Capital spots another investment opportunity; this time in vehicle titles with DLRdmv
Last month, FM Capital completed a follow-on, secondary share purchase six months after first investing in Impel because, “When we first invested in Impel, we believed they were one of the companies best positioned to lead the next phase of automotive ... [Read More]
STELLA Automotive AI gains $22.1M in Series B financing
With the Presidio Group acting as exclusive financial advisor, STELLA Automotive AI on Monday announced the closing of its Series B financing round, which raised $22.1 million to accelerate commercial expansion, scale go-to-market initiatives and support continued product development. According ... [Read More]
Analysis
‘Used cars aren’t cheap,’ but pricing pressure eases
Like NASA’s Artemis II mission in April, retail used-car prices rocketed into orbit this spring. And slowly but surely, “they’ve come back to down to earth.” Just not at astronomical speeds, says CARFAX, known for its history reports on more ... [Read More]
Market shifts to used vehicles as ‘affordable alternative,’ with strongest days-to-sell in nearly 3 years
Record new-car prices, says Catalyst IQ, have led to greater consumer emphasis on “affordability, fuel-efficiency and value.” And that includes stronger demand for used cars, which hit their quickest turn times in nearly three years, the automotive analytics and marketing ... [Read More]
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