Canadian Black Book’s annual Residual Value Awards, which were released earlier this spring, revealed some interesting movement in electric vehicle residual values. It shook out that EVs are expected to hold more value after four years than their internal combustion engine car counterparts. Specifically, the residual value average for EV winning cars is ... [Read More]

Automotive Ventures said last week it is closing its new DealerFund to new investors at the end of the month. But the firm isn’t idling until the point. Automotive Ventures is part of the group to invest in Pitstop, a fleet maintenance software company that provides powerful AI-driven predictive analytics and insights in an affordable, […] [Read More]

Along with examining the employment scene, Cox Automotive tried to decipher how easily dealerships could get contracts bought in March by their networks of finance companies. According to the Dealertrack Credit Availability Index, access to auto credit loosened slightly in March, which included the failure of multiple banks. Cox Automotive reported the index increased 0.2% […] [Read More]

This feature is part of Auto Remarketing’s upcoming “Beyond the Transaction” edition, which is the May print issue of the magazine.  It is available for Cherokee Media Group Premium subscribers now.  “The sales department sells the first car; the service department sells the second” is a well-known dealership saying. And the service department’s importance to […] [Read More]

What new-model shoppers think of a specific brand very well could be an indicator of how used-vehicle shoppers evaluate that badge, too. So, Kelley Blue Book’s 2023 Brand Image Award winners could help dealerships shape their inventory for the remainder of the year and beyond. Honda, Toyota and Tesla dominated the award categories that are […] [Read More]

Auto Remarketing is recognizing the 2023 Women in Remarketing honorees in the April edition of the magazine and will be posting Q&As with each of these outstanding leaders on the website. Next up is Michelle Robertson, manager of US & Canada auction operations at Ford Motor Co. What is the top trend you’re watching in remarketing/wholesale automotive this […] [Read More]

Auto Remarketing is recognizing the 2023 Women in Remarketing honorees in the April edition of the magazine and will be posting Q&As with each of these outstanding leaders on the website. First up is Kimberly Breidenbach, director of marketing and communications at Black Book. What is the top trend you’re watching in remarketing/wholesale automotive this […] [Read More]

Buying cars from consumers has proven to be a popular route, as dealers face tight supply at auction and other wholesale channels. With that in mind, one California group is putting some digital infrastructure behind this strategy. The Del Grande Dealer Group announced a new platform this week that allows a consumer to sell their […] [Read More]

Bank Director recently released a new report to provide U.S. financial institutions a roadmap on working with technology companies. Using Bank Director’s online platform, FinXTech Connect, the report highlights the names of fintechs who report at least 100 U.S. financial institution clients. Built specifically for banks, FinXTech Connect is a curated, online directory of technology […] [Read More]

A former manager for ACV and EBlock has switched from the wholesale world to the financial side of the industry. This week, Allied Payment Network a provider of online and mobile money movement solutions to banks and credit unions, announced the addition of Jessica DeLisio as vice president of sales for the Mid-South region. In […] [Read More]