Wholesale automotive marketplace IAA has entered into a strategic market alliance with Lion Trans & WHSE LLC in the Eastern European nation of Georgia, IAA’s parent company RB Global announced. In a news release RB Global said the goal of the collaborative relationship is to increase market share of both companies in Georgia, as well […] [Read More]

China’s leading used-car online marketplace was in Scottsdale, Ariz., this year with a booth at Used Car Week, held in mid-November. TaoCheChe’s reason for being there was two-fold. “Our main purpose in coming to UCW is to learn from our industry partners,” TaoCheChe CEO Jiang Dong told Auto Remarketing at its booth. “But another purpose is to tell the American used-car industry to look at China’s used-car market. It is a gold mine.” China’s used-car market is the world’s fastest growing, with a compounded annual growth rate of ... [Read More]

An overwhelming percentage of car dealers who use digital retailing tools are reporting encouraging results, according to the latest research by Cox Automotive. The company’s 2023 Digitization of Car Buying Study found 90% of dealers said digital retailing has positively impacted at least one area of their business, with customer satisfaction/experience, customer relationships, ease of […] [Read More]

Socure, a provider of artificial intelligence for digital identity verification, fraud prevention and sanctions screening, recently launched Sigma Synthetic Fraud v4. The company highlighted the product uses advanced machine learning and diverse, third-party and network feedback data to uncover patterns linked to insidious synthetic identity fraud. According to a Socure news release, the Deloitte Center […] [Read More]

Open Lending recently joined the Credit Union National Association (CUNA) as an associate business member. As a CUNA member, the provider of risk analytics solutions for financial institutions said it will elevate the credit union movement through industry advocacy and thought leadership on how to provide critical services for the underserved near- and non-prime credit […] [Read More]

Last week, the Federal Trade Commission said it began to send a second round of payments totaling more than $857,000 to consumers who were harmed by Illinois-based Napleton Automotive Group’s “junk fees” and discriminatory practices. The FTC and the state of Illinois sued Napleton Automotive Group last March, alleging that Napleton employees were “sneaking illegal […] [Read More]

Mercedes-Benz HPC North America, which is a joint venture between Mercedes-Benz and MN8 Energy, inaugurated its first Mercedes-Benz Charging Hub at the headquarters of Mercedes-Benz USA in Sandy Springs, Ga. The hub is the first of a network of premium electric vehicle charging stations planned across North America by Mercedes-Benz HPC NA. In a news […] [Read More]

AutoVerify’s digital merchandising products, Car Media Premium Capture and Car Media 360, have been approved by General Motors to join its Dealer Digital Solution program. The U.S. OEM certification is the first for Car Media and its parent company AutoVerify, a Canadian-based technology platform that is now certified by a total of 13 brands in […] [Read More]

automotiveMastermind wants to do a good turn for car dealers. That’s why the company — a provider of predictive analytics and marketing automation for dealerships, and a part of S&P Global Mobility — has launched Turn, which it said allows dealers to improve vehicle turn rates by predicting which customers are most likely to purchase […] [Read More]

This episode of the Auto Remarketing Podcast begins with a simple question. What is a data scientist? Black Book chief data scientist Alex Yurchenko answered that question and explained why those experts do so well in automotive during this conversation recorded at Used Car Week. The conversation can be found in the window below. [Read More]