Following a packed session in San Francisco at NADA Show 2019, Auto Remarketing Canada conference chairman Bill Zadeits caught up with Andrew Tai, CEO of MotoInsight. Tai delivered “Five Reasons Why Your Physical Store is Critical in Digital Retailing,” where he laid out the seemingly contradicting but very true importance of why having a physical […] [Read More]

Artificial intelligence appears to be generating some real revenue in the automotive space. Coinciding with a major update to its flagship platform, AI-driven marketing automation platform Outsell also announced strong 2018 financial results, with direct revenue up 45 percent over 2017 and direct bookings up 28 percent. “AI-based marketing solutions are in high demand as […] [Read More]

The newest S&P Global Ratings report indicated the U.S. auto loan asset-backed securities (ABS) market in November performed where finance companies likely expected, especially for participants within the subprime space. And when analysts extracted a trio of companies that securitize paper in the deep part of subprime, the metrics looked even more in line with […] [Read More]

CarLotz had a Texas-sized celebration to commemorate its journey into the Lone Star State. On Jan. 19, the used-vehicle consignment and remarketing business held a grand opening celebration for its 22,000-square-foot store in San Antonio. The celebration marked the company’s move into Texas, and the new location has the capacity to house 350 vehicles. The […] [Read More]

It was the eighth straight year of record certified pre-owned car sales, amid an overall used-car retail market that is still seeing some strength. And while there are signs the used-car market may have peaked from a sales volume perspective, the feeling around last week’s NADA Show 2019 — and in recent forecasts and analyses […] [Read More]

A new pilot program could help dealers integrate data science, predictive analytics and machine learning into the remarketing process to help save time and possibly increase sales margins and cash flow. KAR Auction Services has launched a pilot program for its Data as a Service (DaaS) suite of capabilities. KAR in 2017 acquired DRIVIN, which powers […] [Read More]

It’s a dream customer for dealers — the one who not only purchases a vehicle from the dealership, but also visits the same dealership repeatedly to have that vehicle serviced, and then eventually sells the vehicle back to that dealer. A new CARFAX program helps dealerships earn more of those loyal customers. CARFAX for Life rewards those […] [Read More]

Black Book is seeing a stable start to auction activity this month. The newest Market Insights Report showed prices for both cars and trucks softened at the same rate last week as Black Book lane watchers shared observations that aligned with the data editors compiled. Black Book reported that overall car segment values on a […] [Read More]

Additional products sold to buyers during the financing process along with their terms and conditions continue to create issues for servicemembers, according to the newest report from the Consumer Financial Protection Bureau. The agency’s Office of Servicemember Affairs (OSA) monitors and analyzes complaints from servicemembers, veterans and military families. The regulator released its annual report […] [Read More]

Now that the government shutdown has been halted until at least Feb. 15, the Internal Revenue Service announced on Monday that it successfully opened the 2019 tax-filing season as the agency started accepting and processing federal tax returns for tax year 2018. Despite the major tax law changes made by the Tax Cuts and Jobs […] [Read More]