Are you scared of artificial intelligence? If you have seen "Terminator 2," we totally get it. But AI could be also a positive development for the auto industry.   In the podcast below, Lance Schafer, general manager of product and technology at LotLinx, talks about the role artificial intelligence could play in the car business, and how his […] [Read More]

While car shoppers enjoy the last full month of spring, automakers have presented the market with several attractive certified pre-owned deals, which are sure to turn heads both before and after the Mother's Day and Memorial Day weekend ahead. Autotrader has come out with its latest list of top CPO deals that shoppers can take […] [Read More]

Ally Financial is continuing to diversify its relationship portfolio. Adding to a parade of developments since the beginning of the year, Ally announced on Thursday that it has signed an agreement with Sonic Automotive. Effective this month, Ally will be the provider of vehicle service contracts (VSCs) and guaranteed asset protection (GAP) coverage for the […] [Read More]

Volkswagen Canada had its strongest month ever for certified pre-owned sales, moving 2,016 CPO units in April, according to the automaker. This was up 52.6 percent over April 2017 sales.  This followed March sales of 1,686 CPO units, which beat year-ago figures by 18.6 percent. Through four months, VW is up 28 percent with 6,345 […] [Read More]

The Canadian buyers who did make a used-vehicle purchase in April evidently weren’t afraid of the price tag. Despite a month that saw unpredictable weather across Canada keeping many used-vehicle buyers from showrooms, the top 10 funded used vehicles in Cox Automotive Canada’s Dealertrack Online Credit Application Network continued to see annual average cash price […] [Read More]

Call it sales efficiency. Though there was a slight decrease in the number of vehicles entering auto auctions last year, the members of the National Auto Auction Association actually sold more cars than they did in 2016 and at a higher price tag.  Just over 10 million vehicles were sold at NAAA-member auctions in 2017, […] [Read More]

For those who follow the auto industry, when the name Digital Recognition Network is brought up, it’s likely to be associated with either the finance, fintech or repossession/recovery side of the business. But a move announced Wednesday could make DRN more of a household name on the retail side of the auto industry, as well. […] [Read More]

While mobility-focused technology continues to impact how individuals move each day, mobility solutions have also allowed fleets to use ride-hailing services like Uber and Lyft to better manage control costs and drive productivity. Automotive fleet management industry provider Wheels announced Wednesday that it has partnered with the Uber for Business platform to manage ground transportation […] [Read More]

The Berlin-based used-car sales startup that operates online automotive marketplaces in emerging markets across Latin America, Africa and Asia recently procured a total of $58 million in new funding. Frontier Car Group (FCG) has received $41 million in Series B from Balderton, TPG Growth, Fraser McCombs Capital and AutoTech Ventures, as well as an additional $17 million in debt […] [Read More]

The General Data Protection Regulation, commonly known as GDPR, is a regulation in EU law on data protection and privacy for all individuals within the European Union. The law was put into place on April 27, 2016 and allotted a two-year adoption grace period for businesses to strategize and implement compliance.  The GDPR encompasses all areas of […] [Read More]