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]

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]

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]

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]

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]

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]

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 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]

The Consumer Financial Protection Bureau gained a significant judicial victory this week involving a case about the constitutionality of the CFPB’s funding structure. In a 7-2 ruling, the Supreme Court said the bureau’s funding is constitutional, triggering an array of reactions from the regulator, industry associations and auto finance experts. After the decision, the CFPB […] [Read More]

Conecta Marketing Group founder and CEO Andres Huertas discussed two important topics for dealerships and finance companies following his appearance as one of the expert speakers at this year’s Auto Intel Summit+National Remarketing Conference. Along with recommendations to boost communications between stores and credit providers, Huertas also explained how dealers and lenders can avoid misunderstandings […] [Read More]