American International Automobile Dealers Association president and chief executive officer Cody Lusk likely summarized reaction to questions perhaps being answered with Monday’s trade announcement originating at the White House. “Uncertainty is the enemy of business, large and small,” said Lusk, who welcomed the news that the United States, Canada and Mexico have all agreed to […] [Read More]

LotLinx recently hired former Cox Automotive strategist and noted marketing analytics expert and author Thomas Gage as its new chief strategy officer. In this role, LotLinx explained that Gage will apply quantitative data gathered by LotLinx’s artificial intelligence technology to dealerships’ sales objectives to identify the best approach to their advertising campaigns and marketing spend. […] [Read More]

Cruises are not my favorite form of vacation, but when it involves a partial family reunion (with some of the aged members finding this the most comfortable mode of travel), I’m all in. So out to sea we went for a week.    Being cheap (and wanting to run an experiment of a sort), I […] [Read More]

Joe talks with PureCars chief executive officer Sam Mylrea about the company's rollout in Canada, its inclusion on the Inc. 5000 list, his thoughts on mobility trends and more. The full discussion can be found below. Download and subscribe to the Auto Remarketing Podcast on iTunes or on Google Play.  You can also listen to the latest episode in the window […] [Read More]

Cox Automotive grew again on Monday. The company announced the acquisition of Intersection Technologies; better known in the aftermarket industry as F&I Express. Management said the deal furthers Cox Automotive’s mission to transform the way the world buys, sells, owns and uses cars. While specific financial terms of the deal were undisclosed, Cox Automotive mentioned […] [Read More]

A new alternative used-vehicle sourcing service is testing the market in Chicago. Swap Motors launched with an initial physical and virtual auction site in suburban Skokie. Chief executive officer Alex Johnson described Swap Motors as a private-party inventory source, primarily for independent dealers. Though originally launched in 2016 as a peer-to-peer site for consumers to […] [Read More]

Have you registered for Used Car Week yet?  If not, make haste.  We will be publishing the list of 2018 Used Car Week registered attendees (so far) on Wednesday, and we want to make sure your name is included.  Our 2017 attendee list included 1,477 professionals from across a broad range of automotive sectors. Last year’s group included […] [Read More]

When roughly 70 percent of its applications resulted in turn downs, Prestige Financial Services responded by taking a significant step toward using machines instead of human manpower to examine applications and finalize underwriting. ZestFinance, a leading artificial intelligence (AI) software company that uses machine learning to vastly improve credit underwriting, recently announced a partnership with […] [Read More]

As the firm itself pushes additional resources into its blockchain division, KPMG pinpointed how much fintech investment grew during the first half of this year. According to KPMG’s Pulse of Fintech report, investment in U.S.-based fintech companies surged to $14.2 billion across 427 deals during the first half of 2018 as investors poured money into […] [Read More]

HyreCar added another executive to its leadership team this week. The carsharing marketplace for ridesharing announced the appointment of Scott Brogi as its chief financial officer, effective Thursday. Brogi previously led finance and operations for Teaching Channel, which was successfully sold earlier this year. “We look forward to leveraging Scott’s deep experience and financial acumen,” […] [Read More]