The Federal Reserve raised interest rates another 25 basis points this week to leave the federal funds rate at 5.25-5.5%. But two leading automotive economists as well as another top industry analyst remain hopeful on two important fronts for dealerships and finance companies. They see vehicle affordability improving along with the economy avoiding a harsh […] [Read More]

Next up on our NAAA 75th series of the Auto Remarketing Podcast commemorating the diamond anniversary of the National Auto Auction Association is a conversation with Charlotte Pyle, who was the 2012 president of NAAA. Pyle, co-owner of Capital City Auto Auction and Mountain State Auto Auction in West Virginia, is also secretary on NAAA’s […] [Read More]

Automotive retailers understand the importance of a well-designed, search engine-optimized website for converting Internet users to leads to sold customers. Developing websites optimized for user experience (UX) means providing your audience with a seamless experience via the interaction on the website. Websites are often designed to optimize aesthetics that are visually appealing to any viewer […] [Read More]

There is an abundance of new technology available to dealerships today, all designed to dramatically improve operations. But that technology is worthless if it isn’t used, or used improperly; and, too often, it is abandoned because of implementation challenges. At my dealerships, we have learned through long experience that teams will only truly adopt a […] [Read More]

Similar to the week before, wholesale vehicle prices last week declined on average by 0.28%. That’s according to Canadian Black Book, which tracks wholesale market changes week by week. Truck and SUV segments saw a more significant dip of 0.44%, while the car segment prices fell by just 0.11%. The compact luxury crossover/SUV was hit […] [Read More]

OPENLANE subsidiary AFC has hired longtime automaker executive Robert Staffieri as its new regional director of Canada, where he will be responsible for overseeing the company’s field operations in the country. This includes sales, business development and customer success. “Robert is a skilled operator with a proven track record within automotive finance, bringing more than […] [Read More]

Next up on our series of podcasts from last month’s NIADA Convention is a conversation with Stan Deak, chief revenue officer at Super Dispatch. Deak and Cherokee Media Group senior editor Joe Overby talk about the role of vehicle transport in the independent dealer community, the transport and logistics ecosystem, the company’s “Lucky Load” promotion […] [Read More]

Tackling the ongoing automotive industry challenge of finding and retaining qualified repair technicians is the focus of this episode of the Auto Remarketing Podcast, featuring Joe Atkinson and Kim Payne of Automotive Apprentice Group. The firm operates a program to create qualified auto technicians and connect them with a network of dealers and service centers. […] [Read More]

Financial innovation platform Exponential Exchange has closed an oversubscribed $7.4 million seed funding round led by MaC Venture Capital to continue building a suite of financial instruments designed to bring new risk-management tools into the automotive ecosystem, as well as other industries with underserved asset classes. Industries such as agriculture, energy and manufacturing have long […] [Read More]

RunBuggy Inc., a technology platform that connects car shippers and transporters, has intregrated its cloud-based quoting, ordering and tracking engine into PrivateAuto, a transactional marketplace for the private vehicle sale process. RunBuggy said it expects the partnership to stimulate a surge in user convenience for PrivateAuto customers, contributing to greater and more transparent connections between […] [Read More]