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TransUnion unveils platform built for AI-powered data collaboration
Monday, Mar. 18, 2024, 11:33 AM
Auto Fin Journal Staff
TransUnion is looking to make its tools sharper and easier for clients to use through its new platform for managing, governing, analyzing and delivering data and insights. The company said the OneTru platform connects separate data and analytic assets built for credit risk, marketing and fraud prevention and concentrates them in a single, layered and […] [Read More]
PODCAST: ‘Penny perfect’ remains challenge not even AI can yet solve
Monday, Mar. 18, 2024, 11:31 AM
Auto Fin Journal Staff
Perhaps artificial intelligence isn’t quite yet the silver bullet to solve all challenges within auto financing and retailing. The latest snapshot survey of auto dealers and finance companies orchestrated by eLEND Solutions found that 90% believe that AI-based pricing is contributing to inaccurate online payment quotes. The majority also said that’s having an adverse impact […] [Read More]
PODCAST: Inside the Recurrent & Black Book partnership
Monday, Mar. 18, 2024, 10:53 AM
Auto Remarketing Staff
In late January, Black Book introduced Battery Adjusted Values, which it says are the industry’s first electric vehicle valuations. The valuations incorporate battery condition adjustments based on data from Recurrent, a provider of EV analytics. At NADA Show 2024 last month, Cherokee Media Group’s Joe Overby connected with Marko Iljadica of Recurrent as well as […] [Read More]
Report shows used supply rising, prices falling, vehicles getting older
Friday, Mar. 15, 2024, 02:53 PM
Auto Remarketing Staff
Used-car supply is rising at the lower end of the pricing scale – but those cars are getting older. Cars Commerce’s Industry Insights Report for February found the overall supply of used cars was up 2.4% year-over-year, but for vehicles priced less than $30,000, it shot up 7.5% from the same month in 2023. That […] [Read More]
PODCAST: CarNow CEO Kayne Grau
Friday, Mar. 15, 2024, 12:38 PM
Auto Remarketing Staff
Almost seven years ago to the day (March 16, 2017), Cherokee Media Group’s Joe Overby was in Chicago to record what would end up being the first-ever episode of the Auto Remarketing Podcast. The guests? Kayne Grau, the co-founder and then-CEO of DRIVIN, and his colleagues John Manganaro and Justin Mahlik. A few trips around […] [Read More]
Petra launches customer rewards program to help dealers drive retention
Friday, Mar. 15, 2024, 12:34 PM
Auto Remarketing Staff
Petra Automotive Products launched a new awards program, designed to increase retention in sales and service for dealerships nationwide. The company said Petra Advantage Rewards provides dealerships with “a fully white-labeled experience to create a strong ‘why buy here’ message for customers.” The program provides an app, a rewards and recognition point program that automatically […] [Read More]
Brothers expand on legacy with acquisition of Dale Willey Automotive
Friday, Mar. 15, 2024, 12:32 PM
Auto Remarketing Staff
Bob Sight Auto Group has acquired Dale Willey Automotive in Lawrence, Kan., from Greg Maurer, according to Performance Brokerage Services, which brokered the sale. The longstanding Kansas City-area operation, founded in 1970, includes Honda and Chrysler Dodge Jeep Ram stores. Maurer joined the ownership group in 1998 and became sole owner in 2014. Bob Sight […] [Read More]
Reynolds and Reynolds executive elected to board of IT standards organization
Friday, Mar. 15, 2024, 12:31 PM
Auto Remarketing Staff
A Reynolds and Reynolds executive has been elected to a prestigious position. Director of industry relations Shawn Leibold was selected in a special election to fill a vacant seat on the board of directors of automotive information technology standards organization Standards for Technology in Automotive Retail. Leibold had previously been a STAR board member, and […] [Read More]
PODCAST: Ways to keep fraud out of your dealership
Friday, Mar. 15, 2024, 11:35 AM
Auto Remarketing Staff
Kanchana Sundaram acknowledged dealerships are fertile places for fraud to happen. But Experian’s senior director of product and innovation for automotive offered several suggestions for how stores can remain car retailers, not vehicle victims, during this episode of the Auto Remarketing Podcast recorded in Las Vegas at NADA Show 2024. Listen to the episode in […] [Read More]
Vero & Privacy4Cars partner on F&I tool so dealers can offer connected car protection solution
Friday, Mar. 15, 2024, 10:25 AM
SubPrime Auto Finance News Staff
Vero and Privacy4Cars finalized an exclusive partnership aimed at helping consumers from personal data abuses through vehicle data deletion and ID theft recovery. The fruit of the partnership is Identi-FI, which pairs Privacy4Cars’ patented AutoCleared and Vehicle Privacy Report tools with Vero’s three-generation fully managed recovery (FMR), providing a comprehensive solution that is available now […] [Read More]
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