We continue our series on the Auto Remarketing Podcast highlighting some of the panels and presentations from Used Car Week 2023. This episode features a panel discussion titled, “Ransomware: First-Hand Experiences & Resolutions,” with Micky Watts of Anderson Brothers Bank, Richard Buttermore of RouteOne and Marguerite Watanabe of Connections Insights. Listen to the episode in […] [Read More]

Electric vehicle manufacturer Fisker and its related finance company, Fisker Finance, are collaborating with JP Morgan Chase Bank to offer top qualified buyers in the U.S. access to vehicle financing at rates as low as 1.99% APR for 60 months. The campaign started at the beginning of December and runs through Tuesday. Selected U.S. buyers […] [Read More]

In late December, Origence and Tesla announced a partnership to offer credit union financing to electric-vehicle buyers through the Tesla website. Origence sees this partnership as provide Tesla buyers who are seeking affordable monthly payments with more options through credit union financing. By making credit union financing available at the point of purchase, Origence said […] [Read More]

Credit Acceptance wants to make doing business with its dealership network smoother, so the finance company that specializes in subprime recently began to use Real-Time Payments from Citizens. Now, Credit Acceptance dealership customers can receive funds faster on deals they close, even outside of normal business hours. Executives highlighted that faster funding via RTP can […] [Read More]

Used-vehicle financing set a pair of records during the fourth quarter, according to data compiled and shared by Edmunds. Edmunds reported on Wednesday that down payments in Q4 jumped $201 year-over-year to $4,122. The figure got to that record by ticking up $11 from the amount Edmunds spotted in Q3. Meanwhile, impacted in part by […] [Read More]

A startup automotive tech company has added an experienced hand. Adam Herrick, a longtime veteran of e-commerce in the auto industry, has joined Sell Your Car, Inc., a provider of automated vehicle valuation tools, as director of marketplace and product. Herrick will lead Sell Your Car’s software project management as well as marketplace innovation for […] [Read More]

Vehicle logistics provider Autosled, a provider of digital technology solutions for automotive vehicle transport logistics, has launched the Dealer Exchange Network, technology that allows dealers to order both outbound and inbound vehicle exchanges simultaneously, which enables both exchanges to be handled by the same transporter. The tool is designed to create a seamless round-trip experience […] [Read More]

Two vehicle sourcing platforms are joining forces. Online auction platform Auction Central and sourcing and appraisal tool Carbly announced an integration to create what Carbly CEO Scott Roth called “a unified car-buying experience for our dealers.” Last month, Carbly launched Auction Plus, a new service designed to allow dealers to search for vehicles across a […] [Read More]

Brightline Dealer Advisors, an independent insurance agency serving the automotive market, has named Joe Porter as its new senior vice president of dealer training. The company said Porter brings more than 25 years of “extensive, hands-on training and consulting experience in the automotive retail, wholesale and dealer wealth-building segments.” Porter has worked with auto dealers […] [Read More]

Proactive Dealer Solutions now is offering help for Stellantis dealers, especially if they’re experiencing busy call volume to start 2024. On Monday, the business development technology provider announced the addition of its digital voice assistant (DVA) — Brooke.ai — to the Stellantis MarketCenter. As a MarketCenter supplier, Proactive’s Brooke.ai offers Chrysler, Jeep, Dodge, Ram, Fiat, […] [Read More]