You watch “The Office” on Netflix. So, then the streaming service recommends other workplace comedies like “Parks and Recreation” or “Cheers.” To an extent, that’s happening in wholesale automotive, where companies like Manheim are using artificial intelligence and big data to create a more “personalized” experience for dealers when they go to shop for cars. […] [Read More]

ServNet chief executive Pierre Pons is tired of hearing online auction companies referred to as “disrupters.” He believes independent auction technologies such as Auction Edge, and the independents’ embrace of technologies such as OPENLANE and DealShield, show that the traditional auction companies can be strong competitors with the technology “disrupters.” “We are every bit as […] [Read More]

Big auction chains Manheim and ADESA are seeing their traditional business models upended and are working to address dealers’ changing wholesale vehicle buy-sell needs. Challenging auctions is the quickening drive to all things digital. As digital auction sources proliferate, dealers can buy and sell remotely, never having to set foot in a physical lane. This […] [Read More]

This week, LendingTree released its study on where millennials owe the most on their financed vehicles. And as they say, everything is bigger in Texas. The results, ranked by median balance, showed where millennials are the most and least burdened by auto debt. Metros in the Lone Star State dominated the top of the list […] [Read More]

CDK Global has a new chief executive. The company announced Wednesday that Brian MacDonald has stepped down from his post and that Brian Krzanich has been named president and CEO. Krzanich is the former CEO of Intel, holding that post from May 2013 to June of this year. MacDonald will assist in the transition, as […] [Read More]

Now any parking lot — or wherever a vehicle might be located that catches a consumer’s attention — could be the opening place where a potential buyer begins down a road toward possible delivery at your dealership. On Wednesday, artificial intelligence platform CarStory announced the launch of CarStory Vision, a dedicated automotive visual search product for […] [Read More]

One of the first things potential vehicle buyers often want to know is how much their monthly payment will be. Car and Driver and DealerScience now are collaborating to give consumers that information. Hearst Autos, parent to Car and Driver, and DealerScience on Wednesday announced that consumers researching and shopping for vehicles online will now […] [Read More]

We're back in action this week with an episode featuring Andrew Iorgulescu and Jeff Risner of The Appraisal Lane. They talk with Joe about the expansion strategy at TAL, which is now available in 43 states, and more. The podcast discussion can be found below. Download and subscribe to the Auto Remarketing Podcast on iTunes or on Google Play.  You can […] [Read More]

Modern vehicles generate literally thousands of data points that can be valuable to dealerships, finance companies and other service providers. It appears gaining access to that information is a growing concern for vehicle owners. More than 8 in 10 U.S. vehicle owners and lessees believe owners should have full access to and control of their […] [Read More]

Two prominent industry names — Consolidated Asset Recovery Systems and Digital Recognition Network (DRN) — now are working even closer together. The two companies that will each have prominent appearances during Repo Con at Used Car Week 2018 announced on Wednesday that they have entered into an agreement to provide license plate recognition (LPR)-enabled repossession […] [Read More]