We continue our series on the Auto Remarketing Podcast highlighting some of the panels and presentations from Used Car Week 2023. This episode features another part of Dealer Training Tuesday, as Lotpop’s Jasen Rice gave a presentation titled, “Inventory Management Should Be Lead Management.” Listen to the episode in the window below. [Read More]

Earlier this week, one of the members of the Federal Reserve Board of Governors made her third public appearance since Thanksgiving; this time hinting when interest rates might soften. Michelle Bowman gave a speech during the South Carolina Bankers Association’s 2024 Community Bankers Conference in Columbia, S.C., reiterating that inflation coming in at roughly 2% […] [Read More]

Hyundai Canada, CDK Global, Hyundai Capital Canada and PBS Systems joined forces to fight homelessness in Canada as 2023 wrapped up. The four companies raised over $15,000 through the annual Hockey Helps the Homeless tournament. This money will go to people experiencing homelessness in the York, Ontario region. This marks the first year Hyundai Canada […] [Read More]

One of America’s oldest car dealerships has changed hands. Smart Toyota in Madison, Wisc., founded in 1908 as Smart Motors, was acquired by Baxter Auto Group from president and CEO J.R. Smart. The sale ends 115 years of ownership by the Smart family, encompassing three generations and 28 franchises. “I celebrated my 52nd anniversary at […] [Read More]

Used-vehicle sales are expected to increase just under 1% this year, according to a forecast from Cox Automotive, with overall used volume expected to climb from 35.9 million sales to 36.2 million and retail used sales (those involving a dealer) projected to climb from 19.0 million to 19.2 million. The year closed a positive note, with dealers seeing approximately a 3% month-over-month rise in used-car sales in December, with year-over-year sales up 1%, Cox said, citing an initial estimate based on data from its vAuto unit. Software, marketing, and data firm ZeroSum also ... [Read More]

A new spinoff company is entering the inventory management space, powered by artificial intelligence and machine learning technology. An inventory management system that was formerly a division of Redline Automotive Merchandising is now a standalone business with a new name — Predian — supporting automotive dealerships and several lot service companies directly, offering predictive analytics […] [Read More]

Asbury Automotive Group made a technological pivot this week, selecting Tekion as its newest partner to help deliver elevated guest-centric experiences powered by Tekion’s Automotive Retail Cloud (ARC). Tekion highlighted Asbury will use the cloud-native platform that includes retail, service, parts, accounting, customer relationship management and analytics. The tool is geared to help elevate and […] [Read More]

Impel, a provider of artificial intelligence-powered customer lifecycle management and digital merchandising for the auto industry, has added Lorie Sharp as managing director for aftermarket — a major step in the company’s plan to expand into the automotive aftermarket space. “Lorie is a proven leader with a track record of results in scaling hyper-growth businesses […] [Read More]

Kelley Blue Book announced it has upgraded its Instant Cash Offer with three enhancements designed to make it easier for dealers to source vehicles from what it called “one of the least used but most promising channels” — their own service lanes. The additions include more information from service department scheduling and customer experience platform […] [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 features a dealer panel titled, “Building the Bridge for Lenders to Improve Remarketing Logistics.” The session was moderated by Jay Wertzberger of ATI Auto Business and included: Bryanna Cox of Asset Resolutions […] [Read More]