Following his press conference at NADA Show 2024, which will be a part of an upcoming episode of the Auto Remarketing Podcast, Cherokee Media Group tracked down Patrick Manzi. The chief economist for the National Automobile Dealers Association gave his views on three topics — used-car retailing, implications of negative equity and prospects for an active service drive at franchised dealerships. Without mentioning specific metrics, Manzi said retail sales of used vehicles ... [Read More]

FordDirect has added another vendor to its growing list of industry partners. The joint venture between joint venture between Ford and its dealers has selected Cox Automotive’s VinSolutions as a data integration partner for its CRM Choice program. Ford dealers and Lincoln retailers will be able to gain access to FordDirect data directly through within […] [Read More]

The Center for Sustainable Energy and the National Automobile Dealers Association have launched an online electric vehicle sales training certification program designed to empower dealership staff to educate car shoppers about the advantages of driving electric. The organizations said the ElectrifIQ training program is aimed at training auto sales staff to better educate their customers […] [Read More]

Auto logistics platform RunBuggy has launched RunBot, a generative artificial intelligence system designed to integrate with RunBuggy’s transportation management platform and act as the central nervous system for orchestrating the automotive shipping process. RunBot represents “a significant leap forward in enhancing user experience and reducing operational overhead,” the company said in a news release, using […] [Read More]

A year ago, TransUnion examined the downturn in vehicle leasing and what elements would be needed for the delivery option to rebound. At last month’s Vehicle Finance Conference hosted by the American Financial Services Association, TransUnion’s Satyan Merchant revisited those findings to project what might happen in leasing and other parts of auto financing for […] [Read More]

NETSOL Technologies recently made major updates to its digital retail and mobility technology platform, Otoz. The company also highlighted how the moves are helping two key automotive clients: MINI USA and AutoNation. In the wake of evolving market demands for flexible vehicle usage, Otoz 2.0 supports AutoNation Mobility in spearheading the shift toward micro-leasing. NETSOL […] [Read More]

It was pretty chilly throughout much of the country in January, especially at finance companies based on the newest Dealertrack Credit Availability Index. Cox Automotive reported on Monday that the index reading declined to 93.0 in January. That’s 3% below a year ago, marking the lowest level since August 2020. “The Dealertrack Auto Credit Total […] [Read More]

Just before last month’s Vehicle Finance Conference hosted by the American Financial Services Association, Open Lending released initial findings from its newest study on vehicle accessibility and automotive financing perceptions among near- and non-prime consumers. Open Lending senior vice president of marketing Kevin Filan offered more details for this episode of the Auto Remarketing Podcast. […] [Read More]

Oh, not much, just the way people buy used vehicles. Questions of the day: — Are BDCs departments still relevant? — Are BDCs worth the additional expense? This is why we’re asking: The pandemic greatly impacted the consumer’s ability or desire to purchase used vehicles. In some states, it was literally illegal to go to […] [Read More]

Vehicle dependability is slipping, according to the latest research from J.D. Power. The J.D. Power 2024 U.S. Vehicle Dependability Study found vehicle owners are experiencing more problems after three years of ownership, which the research firm said indicates a decline in long-term vehicle dependability. The industry average increased by 4 problems per 100 vehicles year-over-year […] [Read More]