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PREMIUM PODCAST: Executives from digital auto auction platforms talk industry evolution
Monday, Dec. 12, 2022, 08:50 PM
Auto Remarketing Staff
As an added benefit for Cherokee Media Group Premium Members, we are offering special episodes of the Auto Remarketing Podcast featuring general sessions from Used Car Week in November. Our first special episode features the "Auction Technology Part I: Digital Platform Executives Talk Industry Evolution" panel discussion, which included Justin Davis of BacklotCars, Steve Kapusta of […] [Read More]
Zeigler Auto Group to sponsor NASCAR team in 2023
Monday, Dec. 12, 2022, 08:40 PM
Auto Remarketing Staff
Another example of the racing and retailing worlds connecting surfaced on Monday. Zeigler Auto Group will serve as primary sponsor onboard Josh Bilicki’s new No. 78 Chevrolet Camaro for Live Fast Motorsports during the 2023 NASCAR Cup Series Season. As the youngest team in NASCAR according to a news release, Live Fast Motorsports welcomes Bilicki […] [Read More]
COMMENTARY: Modern analytics are the continuous monitor, enabling precise digital triage for dealerships
Monday, Dec. 12, 2022, 08:33 PM
Alex Snyder, Frikintech
When faced with adverse times, we get smarter. In 2008, we transitioned to digital marketing and began looking at our marketing analytics much closer. In 2020, digital retailing was forced upon the industry, and we had to use new data to determine how effective the online shopper’s experience was. Modern analytics now serve as the […] [Read More]
COMMENTARY: How end of year & holidays dealer advertising will look different this year
Monday, Dec. 12, 2022, 07:55 PM
Lauren Donalson, PureCars
Each year toward the end of November and throughout December, the world of automotive enjoys its own version of the holidays with its flurry of end-of-year and seasonal promotional advertising. These ads are plentiful on television and typically bring excitement with big sales and big red bows on cars and trucks. Sure, the last few […] [Read More]
AutoNation to acquire mobile car care provider RepairSmith for $190M
Monday, Dec. 12, 2022, 07:54 PM
Auto Remarketing Staff
AutoNation has made a major play in the aftersales business, announcing Monday it is acquiring RepairSmith, a mobile auto repair and maintenance provider, for $190 million. The transaction is expected close in the first quarter. The retailer said the purchase of RepairSmith gives the company another channel to provide aftersales services to its existing customers […] [Read More]
NETSOL expands into Texas to support growth in North America
Monday, Dec. 12, 2022, 03:16 PM
Auto Fin Journal Staff
NETSOL Technologies last week announced the opening of a new support and delivery center in Austin, Texas. The global business services and enterprise application solutions provider highlighted its state-of-the-art facility will have the capacity of accommodating more than 100 employees who will facilitate the company’s growing customer base across the North American region. “Our modern […] [Read More]
Wolters Kluwer survey: 80% of industry still not currently using digital finance solutions
Monday, Dec. 12, 2022, 03:13 PM
Auto Fin Journal Staff
Last week, Wolters Kluwer announced the latest results from its ongoing industry survey it has commissioned to better understand where automotive, dealer, and auto finance professionals are still finding barriers in adopting more digitized solutions for back-office documentation processing. Wolters Kluwer presented an online survey to more than 2,000 automotive dealer, finance company and service […] [Read More]
Subprime auto ABS ratings examined in 3 stressed scenarios
Monday, Dec. 12, 2022, 03:11 PM
SubPrime Auto Finance News Staff
S&P Global Ratings went to its investment research laboratory recently because market participants have become increasingly concerned about subprime auto ABS given that the economy may be on the precipice of a recession wherein unemployment levels would likely rise and inflation could persist. Given the established relationship between unemployment and losses on collateral backing auto […] [Read More]
Lasher Auto Group sells 5 Calif. dealerships to Canadian retailer
Friday, Dec. 9, 2022, 08:51 PM
Auto Remarketing Staff
The growth in cross-border dealership M&A activity continues. Lasher Auto Group has sold five dealerships in California — Elk Grove Acura, Audi, Chrysler/Dodge/Jeep/Ram, Subaru and Volkswagen — to Canada-based Knight Automotive Group, according to a news release from Kerrigan Advisors, which represented Lasher in the deal. “We were honored to represent Lasher Auto Group on […] [Read More]
ServiceUp launches program for fleet managers
Friday, Dec. 9, 2022, 07:45 PM
Auto Remarketing Staff
ServiceUp, an autotech startup in the car repair space, has launched a new service line to help fleet managers called ServiceUp for Fleets. The company aims to make the tasks of vehicle maintenance/repair, repair order status/tracking and repair order approvals more efficient for fleet managers. “We are proud to launch ServiceUp for Fleets to meet […] [Read More]
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