When discussing CECL — implementation of the Current Expected Credit Loss (CECL) accounting standards — Agora Data senior vice president of strategic relationships Jim Bass said bluntly during this month’s Non-Prime Auto Financing Conference: “It’s about to get real.” Bass, who also is chairman of the National Automotive Finance Association and host of that annual […] [Read More]

Van Horn Automotive Group has launched an online used-car buying platform called CloudLot that allows consumers to conduct all car-buying steps from selecting a vehicle to scheduling delivery completely online. The platform, which is available at ShopCloudLot.com, is powered by Cox Automotive’ Esntial Commerce technology. “As Wisconsin’s only employee-owned auto group, we will continue to […] [Read More]

May’s soft certified pre-owned vehicle sales performance may be more than just a speed bump. The CPO market is likely headed to its softest year in close to a decade Following four consecutive month-over-month gains to start 2022 on a high note, the 208,423 CPO sales in May marked a … [Read More]

Even dealerships are having some trouble keeping a bright outlook amidst the notable headwinds we’re all facing nowadays. According to the latest reading of the Cox Automotive Dealer Sentiment Index (CADSI), U.S. automobile dealer sentiment in the second quarter softened, as U.S. dealers’ attention turned to inflation, high costs and tight inventory. Analysts said the […] [Read More]

Holman is adding more financial juice into the electric vehicle space. Last week, the global automotive services organization announced an investment from its venture capital division in AmpUp, a leading electric vehicle management software company. Executives highlighted AmpUp’s innovative technology allows organizations and fleet operators to efficiently monitor and manage their EV charging infrastructure to […] [Read More]

Blockware Solutions (BWS), an industry leader in blockchain infrastructure and Bitcoin mining, released a new report last from its propriety research arm, Blockware Intelligence, titled Bitcoin User Adoption. Orchestrated by lead insights analyst Will Clemente, this new report seeks to apply the historic S-Curve adoption pattern of technology and on-chain entity metrics to forecast the […] [Read More]

Last week, Equifax reinforced its human resources by announcing the appointment of former Visa executive Harald Schneider as chief data and analytics officer. In this role, Equifax said Schneider will lead the company’s global data and analytics team and champion global data innovation, maximizing the benefits of Equifax differentiated data assets, leading analytics capabilities and […] [Read More]

Another sign that high wholesale vehicle prices aren’t going anywhere sometime soon: Black Book’s Used Vehicle Retention Index ended a three-month run of sequential declines in May and eclipsed year-ago numbers by more than 18%. Specifically, the index came in at … [Read More]

In the auto industry, artificial intelligence isn't so much science fiction as it is reality. Hunter Swift, vice president of STELLA Automotive AI, joins the Auto Remarketing Podcast to discuss how one particular application of AI in the car business can help save dealers time and drive efficiency. To listen to the conversation, click on the link […] [Read More]

Bryce Veon is chief executive officer of AutoSoft, a DMS provider for the auto industry. He joins the Auto Remarketing Podcast to discuss the backstory of the second-generation family company, which his father started, how AutoSoft continues to innovate and how it distinguishes itself in the DMS field. To listen to the conversation, click on the link […] [Read More]