NextGear Capital Scott Maybee joins the Auto Remarketing Podcast to discuss how the company is helping dealers during COVID-19, a resource hub and more. The company had announced in late April that it would continuie to defer curtailment and extension payments for eligible floorplan advances. The company is taking that action through May 31 for all […] [Read More]

Madison Gross, who is director of customer insights at CarGurus, describes a recent purchase of a puzzle. The sales associate texted her photos of the puzzles that were in stock. Gross paid for the puzzle over the phone, and the sales associate left the puzzle in a bag for her outside the store. Many of us […] [Read More]

Car sales have seen a big slowdown as a result of the COVID-19 pandemic. That is especially true for the Tesla Model 3 electric vehicle. From February to March, that model has experienced a drop of almost 25 percentage points for its inventory selling within 30 days of being listed. That is according to iSeeCars’ […] [Read More]

Cherokee Media Group president Bill Zadeits is back on the mic for this episode of the Auto Remarketing Podcast, where he chats with John Lilly, president of Integrated Auction Solutions. Bill talks with John about the company's recent investment from Summerset Group, how IAS is helping its customers weather the pandemic's storm and more. Plus, […] [Read More]

Audi Atlanta, Audi Marietta and Volvo Cars of Marietta — working with local food service companies — have launched a community meal drive with a goal to help eradicate hunger for senior citizens and keep them safe from the novel Coronavirus. The food relief efforts will also help feed frontline workers at several local hospitals […] [Read More]

Perhaps now more than ever, a vehicle purchase can’t be completed without financing. After launching the series in April, Cherokee Media Group has released Part III of a whitepaper series on “A New Age of Digital Buying & Selling” to share trends and best practices for a used-car industry that’s increasingly digital — and even […] [Read More]

Consumers during the COVID-19 pandemic are turning to technology for what used to be in-person, consultative interactions, says Dealer.com. Because of that, Dealer.com has launched two new digital retailing capabilities that it says can help dealers more easily communicate with shoppers during the car-buying process. Global conversational services provider LivePerson is powering those new capabilities, […] [Read More]

Cherokee Media Group hosted an educational webinar with vAuto almost a year ago, highlighting best practices for how dealers can prudently secure inventory online. The presenter for that webinar — vAuto director of used-car solutions Patrick Janes — recently joined Nick Zulovich for an episode of the Auto Remarketing Podcast to revisit some of those […] [Read More]

Those “well-qualified buyers” certainly appeared to take advantage of the generous financing terms captives offered in April based on the information shared by Edmunds on Friday morning. Edmunds reported that zero-percent finance deals surged to a record level in April as automakers “pulled out all the stops” to encourage new vehicle purchases during the coronavirus […] [Read More]

This week, the Consumer Financial Protection Bureau enhanced its consumer complaint database with the addition of a geospatial view. The CFPB explained consumers now will be able to view complaints by state with a U.S. map visualization. Previously, the regulator indicated consumers have been able to view complaints by using date, company name, key words […] [Read More]