Point Predictive and Tenet Energy are powering a collaboration aimed at keeping fraud out of electric vehicle financing. Through this strategic partnership, Tenet is integrating Point Predictive’s IncomePass solution into its fully digital climate financing ecosystem, offering customers a one-stop shop for everything they need to purchase and own an electric vehicle. IncomePass can empower […] [Read More]

Experts see the Federal Reserve leaving interest rates unchanged when policymakers have their last opportunity of the year to make a modification later this week. The expectation comes in part because of rising consumer sentiment, which happens to be going counter to what dealers’ feelings are as well as the current job market. Comerica Bank […] [Read More]

Auto dealers have issued a vote of no confidence to the current U.S. economy. The Cox Automotive Dealer Sentiment Index for the fourth quarter of 2023 showed a sharp drop from Q3, which Cox analysts attributed to the ongoing adverse effects of high interest rates and a weakening economy on the automotive market, the two […] [Read More]

Carvana hosted institutional investors and analysts for a tour of its Inspection and Reconditioning Center (IRC) in Haines City, Fla. And according to Carvana’s recap of the festivities, the investment community liked what it saw. The online used-vehicle retailer said the event on Nov. 30 provided a real-time look at the company’s operational efficiency gains, […] [Read More]

Conversational AI technology provider STELLA Automotive AI has joined with Cox Automotive’s Xtime, a provider of end-to-end service department software, in a read-write data integration that companies said will provide benefits for their mutual dealer customers. The partnership integrates STELLA Service Booking into the Xtime platform, which the companies said saves dealers from having to […] [Read More]

A topsy-turvy ride at the county fair or an amusement park might be fun, but when it comes to used-vehicle prices, such ups and downs can wreak havoc for dealers, auctions, remarketers, forecasters and more. Good thing for the auto industry is that signs point to “less of a roller coaster in the new year,” […] [Read More]

Whether she’s dishing out deadpan as quippy salesperson turned regional manager Karen Filippelli or balancing out her high-energy BFF Leslie Knope as cool, calm Ann Perkins, Rashida Jones can deliver a performance with confidence. Her new role? Helping inspire that same confidence for Mitsubishi customers. The actress, director, producer and writer best known for her […] [Read More]

We continue our series on the Auto Remarketing Podcast highlighting some of the panels and presentations from Used Car Week 2023. This episode is our next Consignor Conversations. It features Jeffrey Bulthuis of Bridgecrest, Stephanie Compton of Exeter Finance and John Urness of Chase. Listen to the episode in the window below. [Read More]

Michelle Bowman, one of the seven members of the board of governors at the Federal Reserve, appeared via online video this week for a conference hosted by the Aspen Institute about financial inclusion. While Bowman didn’t speak about subprime auto financing specifically, the Fed policymaker discussed a tool sometimes used by consumers who might already […] [Read More]

Colin Tran of Trust Science is back for another episode of the Auto Remarketing Podcast, talking this time from the Used Car Week conferences in Scottsdale, Ariz. Tran discusses how lenders and dealers can find opportunities in today’s volatile market, the differences between subprime consumers and the rest of the economy, and his rapid rise […] [Read More]