As we step into 2025, the automotive retail industry is ready to take its next step in modernizing its operations, where artificial intelligence (AI) and machine learning (ML) are poised to reimagine dealership operations. The focus is shifting from customer-facing AI applications to leveraging these technologies for back-end data optimization, particularly in inventory management and […] [Read More]

We continue our episodes of the Auto Remarketing Podcast from Used Car Week 2024 in Scottsdale, Ariz., with a Speed Session featuring Bill Neylan, who is CEO and president of Tax Max. Some dealerships have been crafting deals for several weeks now based on potential federal tax refunds. Neylan explained how that’s being completed and […] [Read More]

Four top leaders at EFG Companies acknowledged economic challenges, including vehicle affordability, inflation, and interest rates, made for some rough sledding for automotive financing and retailing in 2024. But the quartet thinks this year is going to be much different, especially for stores and financing providers that have a value-driven, needs-based approach, supported by training […] [Read More]

Two major players in the used-vehicle industry have announced sponsorship in the sports arena – but with very different approaches. CarGurus is going the high-profile route, signing on as a founding partner of Boston Common Golf, a team in the made-for-TV virtual golf league TGL that features major champions Rory McIlroy, Hideki Matsuyama, Adam Scott […] [Read More]

DealerOn is joining forces with Lyteflo to add some juice to electric vehicle merchandising for dealerships. The marketing service providers said this partnership puts Lyteflo’s EV merchandising tools in the hands of dealers nationwide, in a move meant to improve the EV shopping experience on DealerOn websites and in the showroom. When added to a […] [Read More]

We continue our episodes of the Auto Remarketing Podcast originating from Used Car Week 2024 in Scottsdale, Ariz., with an executive panel featuring six leaders from the wholesale market. Sharing their assessment of current conditions and how this year might unfold were: Mike Caggiano, ADESA Jason Ferreri, America’s Group Steve Kapusta, SmartAuction John Mathiowetz, IAA […] [Read More]

Caramel just got a sweet deal. The end-to-end online automotive transaction platform will be acquired by eBay, signing a “definitive agreement” with the global e-commerce marketplace. The deal is expected to close in the first quarter. In a news release, eBay said Caramel’s technology platform provides “a secure and seamless digital transaction experience that handles […] [Read More]

In the competitive world of auto finance, auto lenders face a critical challenge: ensuring that approved loans successfully transition to funded bookings. Surprisingly, the second largest business expense for finance companies isn’t the cost of technology, compliance, or staffing — it’s the lost opportunity from approved loans that are never booked. This gap represents millions […] [Read More]

Hankey Group, through its Hankey Capital, Westlake Financial, and Midway subsidiaries, announced the launch of a Bitcoin Crypto Lending Program aimed at providing real estate and highline vehicle buyers with new financial opportunities using Bitcoin. According to a news release, the Crypto Finance Program lets crypto holders use their Bitcoin as collateral to access full […] [Read More]

We continue our episodes of the Auto Remarketing Podcast originating from Used Car Week 2024 in Scottsdale, Ariz., with a Speed Session featuring Tim Hayden, who is CEO and managing partner of BrainTrust Partners. Hayden explained the complexities of compliance amid the growth of artificial intelligence and how your customers will expect a hyper-relevant and […] [Read More]