SureSale, which offers a standardized certification-as-a-service platform designed to broaden dealers’ certified pre-owned inventory beyond OEM programs, has closed a $7 million Series A round of funding led by Upfront Ventures. Upfront Ventures, which has previously provided funding for the likes of TrueCar and Dealertrack, was joined by seed-round leader Coffin Capital and Ventures and […] [Read More]

A new vehicle is one of the worst investments you can make. We’ve all heard it before: “Half the value is lost as soon as you drive it off the lot.” The fact is, however, that vehicles today are hanging on to more of their value for longer than ever before because the quality, reliability […] [Read More]

Black Book watched its Used Vehicle Retention Index start 2020 with an upward move. Analysts reported this week that their index reading for January came in at 114.5, representing a rise of 1.2 points from the December mark of 113.3. In news release, Black Book executive vice president operations Anil Goyal explained why the firm’s […] [Read More]

Competition within the buy-here, pay-here dealership space became even more intense on Thursday as Tricolor now has more financial horsepower to meet the transportation needs of Hispanics. According to a news release, the company announced it received a $30 million preferred equity investment from a global institutional investor to scale what Tricolor described as its […] [Read More]

ReconVelocity has made its second purchase since its 2019 launch, announcing Thursday it has acquired Recon Ninjas, a competitor in the vehicle reconditioning space. The combination of the two companies will result in what ReconVelocity calls, “the largest provider of integrated vehicle management and reconditioning software solutions exclusively focused on the automotive industry.” This move […] [Read More]

For the longest time, sales leads have been the standard benchmark for measuring the effectiveness of marketing activity in the automotive industry. Leads have always been seen as the holy grail that determines whether a dealership’s marketing mix is effective or not, playing a significant role in determining where and how future marketing resources are […] [Read More]

There’s a lot of talk about the car retail purchase process moving from the physical dealership to fully online. Online, meaning every step of the buying process, from research up to delivery, is completed digitally. But are customers ready? That’s a question Drew Harden, manager of research and insights at CARFAX Canada, recently asked over […] [Read More]

Only 29% of Canadians said at the start of this year that they would buy a car online, according to Canadian Black Book’s latest “Demographics of Car Buyers” study, conducted annually by Ipsos. The number may seem low, as auto dealers have been comfortable with the process for a while now. Take the latest from […] [Read More]

“Today, consumers are a lot more educated.” That’s how Jason Mosmann of RSR Global/OGI Digital began a conversation on the latest  developments in fintech and the dealer response — including how this technology creates both opportunities and privacy challenges for both consumers and dealers. Meaning, they are increasingly embracing technology in their shopping habits and […] [Read More]

In the closing keynote at Used Car Week, Zach Hallowell, who is vice president of Manheim Digital, shared his presentation on "Let’s Get Personal: What the Digital Revolution Actually Means for YOU." Listen to his full presentation in this episode of the Auto Remarketing Podcast, which can be found below or by visiting the Auto Remarketing Podcast page.  Keep […] [Read More]