Dealerships and finance companies likely are quite aware of fraud committed by organized individuals and rings of experts who steal credit information to create synthetic IDs. But new research from Socure highlighted the depth of first-party fraud being done by individuals nowadays; perhaps consumers who are still trying to secure auto financing. The provider of […] [Read More]

Dealership inventory shortages during the beginning and peak of the COVID-19 pandemic resulted in a shift to “transactional” buying, said Samantha Splane of Sterling Automotive Group. “You had the vehicle and you sold it, most times at a premium price,” said Splane, who is marketing and customer experience director for Sterling. Now, she said, “we’re […] [Read More]

SME, a nonprofit committed to accelerating new manufacturing technology adoption and building North America’s talent, has added a new training program, and an electric vehicle fundamentals certification to serve the quickly evolving talent needs in the electrification market. SME said the expansion builds on its long history serving the automotive industry’s talent needs and accelerating […] [Read More]

Several market dynamics are currently in motion creating an opportune moment to buy wholesale used vehicles. However, there are a few things you should know to have a better chance of success when it comes to sourcing and managing your used vehicle inventory. The top three things used-car managers should pay attention to right now […] [Read More]

And the automotive business is not immune. If we look back at recent events that have created uncertainty, it becomes overwhelming, so no need to go through the list — you’re welcome! But what have we learned? — The sky isn’t always falling. — The world’s not ending every day. — Not every challenge is […] [Read More]

NAVIcon returns to Used Car Week on Nov. 9. Who should attend? “Anyone who has an interest in innovation around automotive technology,” said Steve Greenfield, CEO of Automotive Ventures, an early-stage venture capital firm focused on the automotive and mobility space. NAVIcon — short for National Auto Venture & Investors Conference — is a partnership […] [Read More]

Danny McNelis, who is the director of auction relationships at NextGear Capital, is back on the Auto Remarketing Podcast for an interview at last month’s NAAA World Remarketing Convention in Chicago. McNelis chats with Auto Remarketing senior editor Joe Overby about what he has learned through the company’s auction services group and auction advisory board. […] [Read More]

Ignite Consulting Partners reiterated some best practices this week since the Consumer Financial Protection Bureau and the Federal Trade Commission intensified their campaign of weeding out what they deem to be “junk fees.” Firm experts cautioned that ignoring what regulators are doing on their matter could result in more than just CFPB or FTC officials […] [Read More]

Now that completed oil change can come with 90s on 9 or audio broadcasts of the NBA. On Wednesday, SiriusXM and Hyundai Motor America announced an extension of SiriusXM’s Service Lane program that enables Hyundai’s dealership service centers to reward eligible customers with a complimentary three-month SiriusXM subscription during their service visit. According to a […] [Read More]

Amazon is getting on board with artificial intelligence vehicle inspections. UVeye announced a partnership with Amazon to deploy its fully automated vehicle inspection (AVI) system in Amazon’s delivery stations in the U.S., Canada, Germany and the U.K. The AI-powered system automates most of the daily inspection process of delivery vehicles, UVeye said, scanning the vehicles […] [Read More]