Ajay Bam says we all know Americans love their trucks. He said in a news release that he also believes authentic video reviews from everyday drivers “have a massive impact on the buying decision process.” “Therefore, we wanted to see if there was a (correlation) between the percentage of videos posted and the percentage of vehicles […] [Read More]

Kijiji Autos, a digital destination that includes a website and app for helping Canadians find new or used, private or dealer, cars and trucks, formed an exclusive partnership with The Car Girls, a female-led organization that will provide additional communications and account-specific support to Kijiji Autos’ business. The Car Girls provides sales-driven services for automotive […] [Read More]

For many years, ServNet has supported higher education for members of the auction industry. That support initially began in the early 2000s, when the group got involved with NAAA’s Warren Young Scholarship Program. Eventually, ServNet decided to broaden its support for training and education by offering scholarships each year to the sons and daughters of […] [Read More]

Patrick Ming has joined the ADESA national sales team as executive sales director, and Vince McNeal has rejoined the team as senior director of customer solutions. Ming joined the business unit of KAR Auction Services through the acquisition of upstream vehicle auction platform OPENLANE in 2011. Ming brings more than 20 years of experience in the […] [Read More]

Clutch Technologies said Monday it has launched a suite of varying subscription-related products that dealers and automakers can use to tailor those services to the individual (and often different) needs of consumers. Clutch, which is a subsidiary of Cox Automotive, said the new Clutch Subscription Platform includes the same technology in its “full-time” single-vehicle and […] [Read More]

As it turns out, that car shopper at the dealership does want the salesperson by their side. Roadster, a commerce solutions provider for car dealers, partnered with Survata and Talk Shoppe for a study that surveyed more than 1,500 consumers and eight dealers across six brands. The gist of their findings is that while using technology […] [Read More]

Just ahead of the American Financial Services Association’s Vehicle Finance Conference, Allied Solutions announced the restructuring of its claims and recovery product, REPOPlus & Track. The provider of insurance, lending and marketing products to financial institutions in the U.S. for more than 35 years, explained what’s new with REPOPlus & Track on Monday. In addition to […] [Read More]

IHS Markit is leveraging its scale in the economic and technological worlds to help banks and finance companies navigate significant accounting changes coming within the next year. The company announced the launch of its economic and financial scenario solution designed to help banks comply with the Current Excepted Credit Loss (CECL) estimation required under the […] [Read More]

Funds to help fintech firms in Europe arrived on Monday. Fintech business lender MarketInvoice announced it has raised 26 million euros in new equity funding. This Series-B funding round was led by Barclays and fintech fund Santander InnoVentures with significant participation from European venture fund Northzone, an existing investor in the company. Technology credit fund […] [Read More]

We are getting closer to becoming a one-price society. Why? Because people want things automated. Rick Ricart believes that, but the president of  Ricart Automotive Group in Columbus, Ohio, also feels that if buyers want automated and fast transactions, then those buyers give up negotiation. “That’s what the trade-off is,” said Ricart, whose grandfather started […] [Read More]