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Reynolds and Reynolds creates contest to celebrate Automotive Amplifiers
Monday, May. 20, 2024, 01:04 PM
Auto Remarketing Staff
Reynolds and Reynolds is looking for people who are turning auto dealerships up to 11. The dealership software provider has established the Automotive Amplifiers Contest, open to individuals or groups of automotive dealership employees to highlight “inspirational and collaborative ideas” they’ve developed to advance the industry. Entrants will compete in three categories: fixed operations, variable […] [Read More]
COMMENTARY: A constituency of one
Monday, May. 20, 2024, 12:34 PM
Shaun Petersen, Buckeye Dealership Consulting
If you’re like me, you probably have a favorite television show or movie you repeatedly watch over and over and over again. Mine is The West Wing. The writing is phenomenal. The acting is outstanding. And, as you might know, I love politics. An episode titled “Constituency of One” follows deputy chief of staff Josh […] [Read More]
PODCAST: Experian’s Brad Smith on blockchain’s robust potential in automotive & beyond
Monday, May. 20, 2024, 11:06 AM
Auto Fin Journal Staff
Talking about blockchain gets Brad Smith excited about its significant potential in automotive and elsewhere in financial services. The vice president of product management at Experian explained his reasons during this episode of the Auto Remarketing Podcast recorded at this year’s Auto Intel Summit + National Remarketing Conference in Cary, N.C. Listen in the window […] [Read More]
PODCAST: PayNearMe on evolving consumer preferences when making payments
Monday, May. 20, 2024, 11:06 AM
SubPrime Auto Finance News Staff
There’s a growing preference toward alternative payment methods, as well as increased demand for hyper-personalized interactions. Those are two of the top findings from the study titled “Consumer Trends Driving the Future of Loan Payments,” recently released by PayNearMe, which added consumers’ expectations for convenience are leading to more dissatisfaction with traditional loan repayment processes. […] [Read More]
MPH.com adds CARFAX reports to its platform for exotic and luxury cars
Monday, May. 20, 2024, 10:57 AM
Auto Remarketing Staff
Luxury automotive marketplace MPH.com has entered into a strategic partnership to provide car shoppers with CARFAX vehicle history reports for select vehicle listings on the platform. MPH.com said the partnership is designed to build consumer trust, increase quality leads for dealers and accelerate transaction times. The integration of CARFAX reports into the marketplace, MPH.com said, […] [Read More]
Glassdoor honors Hendrick, Zeigler as Best-Run Companies; Bentley GMC earns 9th GM top dealer award
Friday, May. 17, 2024, 04:27 PM
Auto Remarketing Staff
Two large dealer groups and an Alabama General Motors dealership were recognized with prestigious awards this week. Zeigler Auto Group and Hendrick Automotive Group were selected for Glassdoor’s inaugural list of Best-Led Companies, a new award that “honors employers with best-in-class leadership … based on what we know matters most to workers.” The 50 businesses […] [Read More]
FordDirect to integrate its data with DriveCentric’s CRM
Friday, May. 17, 2024, 03:04 PM
Auto Remarketing Staff
DriveCentric has partnered with FordDirect, a collaboration designed to enhance the way Ford and Lincoln dealers engage with customers though data insights and CRM technology. FordDirect is a joint marketing and advertising joint venture between Ford Motor Co. and its dealers that serves as the data hub connecting them. In that capacity, it collects data, […] [Read More]
Dealer news: ZT expands into Alabama; dealer honored for charitable donations
Friday, May. 17, 2024, 02:32 PM
Auto Remarketing Staff
ZT Automotive entered the Alabama market in a big way with the acquisition of four dealerships in the state from Florida-based Greenway Automotive. The purchase of the four Greenway of the Shoals stores in the Muscle Shoals area on the Tennessee River — Honda, Nissan and Chrysler Dodge Jeep Ram FIAT dealerships in Florence and […] [Read More]
COMMENTARY: What Q1 inventory management data means for today’s successful dealers
Friday, May. 17, 2024, 12:21 PM
Jason Knight, Lotlinx
Inventory management remains critical for auto retailers today in determining profitability, customer satisfaction, and operational efficiency. The traditional methods of inventory management, reliant on manual processes and intuition, are proving inadequate in the face of rapidly evolving consumer preferences, market fluctuations, and the complexities of the automotive industry. To thrive in this competitive landscape, auto […] [Read More]
Carvana has capacity to recon 1.3 million used vehicles annually and can bolster to 3 million
Friday, May. 17, 2024, 12:20 PM
Arlena Sawyers, Correspondent
Carvana is bolstering its inspection and reconditioning capacity and in its first quarter delivered its best financial results ever, company executives said during its quarterly earning call.
CEO Ernie Garcia said Carvana’s inspection and reconditioning infrastructure in its first quarter that ended March 31, had the capacity to handle 1.3 million vehicles per year, which is over triple its current volume, and the ability to expand that reconditioning capacity to ... [Read More]
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