CarNow has introduced a new software system to make digital retailing simpler for independent car dealers and their customers. The company said Conversion+ is a “shopper-centric” system that was developed starting with CarNow’s Real Time Retail platform, a full suite of integrated services for franchised dealerships, then removing complexities that often exceed the needs of […] [Read More]

S&P Global Market Intelligence recently indicated that as generative artificial intelligence technology pivots from research to the monetization and product launch stages, the software part of the generative AI market should see significant expansion. Experts predicted the market should reach $52.2 billion by 2028 with a compound annual growth rate of 58% from 2023. Published […] [Read More]

A quartet of industry experts from EY were straightforward with attendees at this year’s Auto Intel Summit + National Remarketing Conference presented by SmartAuction in Cary, N.C. Innovate or else. During this episode of the Auto Remarketing Podcast, listen to a panel discussion when the EY experts — Courtney Dusseau, Katie Johar, Bryan Chance and […] [Read More]

The National Automotive Finance Association elected new officers for its executive committee last week during the 28th annual Non-Prime Auto Financing Conference in Fort Worth, Texas. The group set to serve one-year terms will be led by president Claudia Plascencia, who is senior vice president at Resolvion. Joining Plascencia on the executive committee will be: […] [Read More]

Freeway Funding is the first client to leverage a new program from Agora Data that’s designed to meet the needs of small to mid-sized finance companies. The fintech company that provides technology, capital and guidance with predictable performance and analytics highlighted that its new program combines traditional bulk transactions with on-going flow arrangements. To kick […] [Read More]

Rebecca Jenkins, senior director of business development with AccuTrade, addressed one of the pressing questions discussed most during this year’s Auto Intel Summit + National Remarketing Conference presented by SmartAuction in Cary, N.C. How are electric vehicles impacting the used-car market? Listen to this episode of the Auto Remarketing Podcast to hear Jenkins’ keynote presentation […] [Read More]

Four automotive companies were selected by U.S. News & World Report for its latest list of Best Companies to Work For. Cars.com Inc., d/b/a Cars Commerce, on the list for the second consecutive year, was joined by CarGurus, Credit Acceptance and Penske Automotive from the auto industry. The magazine said the 300 companies on its […] [Read More]

Lithia & Driveway’s massive portfolio continues to grow. The giant dealership group added three more locations this week with its acquisition of Sunrise Auto Group in the Memphis, Tenn., area, and Woodbridge Hyundai in the Toronto area. Sunrise Auto includes Sunrise Buick GMC at Wolfchase in Memphis and Sunrise Chevrolet Buick GMC at Collierville in […] [Read More]

On Monday, Fixed Ops Roundtable announced the addition of 17 dealerships to the Fixed Ops Roundtable Certified Program, which is designed to recognize and showcase dealerships that demonstrate exceptional performance in employee culture, customer experience, and the implementation of innovative best practices and technology solutions. The honoree list for 2024-2025 includes these dealerships: —Jim Ellis […] [Read More]

Here’s another benefit of being a member of the National Automobile Dealers Association. On Tuesday, NADA and data management services company Authenticom announced a secure platform for dealerships to syndicate their data among vendors, customers and manufacturers. The association said NADA Vault is a tool available to member dealers at no cost. Using Authenticom’s DealerVault […] [Read More]