Olivier Vincent, an expert in artificial intelligence, sees the auto industry on the brink of a revolution. Vincent wants dealers and other service providers to take advantage of everything AI can do, especially with understanding consumer needs, tailoring experiences to match individual preferences and improving overall communication. How the industry gets there is the focus […] [Read More]

Impel executive sales manager Ray Gill said, “dealers need to think bigger” when considering the use of artificial intelligence. In a training session from this year’s Canada’s Used Car Week titled, “How AI is Separating the Best from the Rest,” Gill went into an array of explanations and suggestions about how AI can be the […] [Read More]

Point Predictive’s Frank McKenna returned for another episode of the Auto Remarketing Podcast for a discussion about what’s happening on the fraud front. McKenna recapped his keynote appearance at this year’s Non-Prime Auto Financing Conference hosted by the NAF Association as well as the ransomware attack that hit CDK Global and impacted thousands of dealerships. […] [Read More]

Tekion, developer of a cloud-native platform that serves the entire automotive retail ecosystem, has secured $200 million in growth equity capital from Dragoneer Investment Group. In a news release, the company said the financing round raises its market valuation to more than $4 billion and said it plans to use the capital to expand its […] [Read More]

The Presidio Group, an independent banking firm focused on mergers and acquisitions, capital and investments in the automotive retail sector, has named Bloomberg Intelligence senior automotive analyst Kevin Tynan as its new director of research. The company said he’ll be responsible for market insights, content creation and client engagement focused on the U.S. franchised dealer […] [Read More]

Dealers give up on leads far too often when those prospects are still interested in the dealership, according to the latest research by Foureyes. The sales software provider said its data on sales process data among U.S. automotive dealerships sheds light on the opportunity for “hidden leads” in dealership CRMs. Foureyes defined hidden opportunities as […] [Read More]

UVeye’s new partnership has given it instant karma — or, more accurately, Kaarma. The company has teamed with service lane technology provider myKaarma to integrate its artificial intelligence-powered automated vehicle inspection technology with myKaarma’s communication, payment and service lane tools and instantly send the data to a car owner’s smartphone. The integration is designed to […] [Read More]

While members of the Federal Reserve spoke publicly this week about movements associated with inflation and data that’s indicating them, ADESA chief economist Tom Kontos was a little more hesitant when giving his assessment about inflation to Cherokee Media Group. And Kontos leveraged the used-car market to explain his reasoning. “Though there has been a […] [Read More]

Canada’s wholesale auto market is so vast that a conversation about it had to be divided into two parts for the Auto Remarketing Podcast. The first part of that conversation from Canada’s Used Car Week in Toronto features: —Riley Spiers of OPENLANE Canada —Matt Rispin of North Toronto Auction / AutoCanada —Steve Macaluso of Copart […] [Read More]

The surge of auto theft in Canada has subsided – at least for now. In its First Half of 2024 Auto Theft Trend Report, Équité Association, Canada’s national authority on insurance crime, reported auto thefts in the first half of the year dropped by 17% from the same period in 2023. According to the Insurance Bureau […] [Read More]