Acquiring enough vehicles to meet demand is top of mind for CPO leaders at various OEMs.  “Inventory will be a challenge until 2025,” said Tom Love, certified used-vehicle program manager for Hyundai. “Our main focus for this year will be … [Read More]

Certified used vehicle sales will decline in 2023, their prices will remain elevated but come down from historical highs and leasing is poised to grow, predict industry analysts. Cox Automotive data shows that CPO sales in 2022 totaled nearly 2.47 million units, a decline of nearly 280,000 units or 10.2% lower than sales in 2021. […] [Read More]

Last week, automotiveMastermind (aM), part of S&P Global Mobility and provider of predictive analytics and marketing automation solutions for dealerships, introduced an integration with Elead. Officials said this integration will benefit any aM dealer partner who uses Elead as a CRM. The integration between Mastermind, aM’s flagship automated sales and marketing platform, and Elead, via […] [Read More]

Car Wars said it understands the importance of powerful data, acknowledging dealership owners and managers shouldn’t need an advanced marketing degree to understand that data. So, the call tracking and phone solutions provider recently revamped its website conversion report, which is designed to show the various paid sources customers are clicking from to reach a […] [Read More]

New research from LexisNexis Risk Solutions reinforced how the use alternative data often focuses on deep subprime, subprime and near-prime consumers Last week, LexisNexis Risk Solutions unveiled the findings of its Alternative Credit Data Impact Report, a nationwide survey assessing the adoption, utilization and impact of alternative credit data for credit portfolio growth and management […] [Read More]

Equifax now is working with Narrative, a leading data collaboration platform. The firms announced a partnership last week to streamline access to and activation of unique wealth, economic and credit-based audience data from Equifax for automotive businesses. Equifax and Narrative explained the partnership is designed to give marketing and analytics teams the ability to create […] [Read More]

InformedIQ CEO Justin Wickett described the ongoing development of artificial intelligence (AI) and machine learning (ML) within the automotive space for this episode of the Auto Remarketing Podcast recorded in Dallas during the Vehicle Finance Conference hosted by the American Financial Services Association. Wickett also touched on how automotive has set the foundation for the […] [Read More]

During NADA Show 2023 in Dallas, Tanya Sanders and Cynthia Caine spent time with Cherokee Media Group senior editor Nick Zulovich for this episode of the Auto Remarketing Podcast. Sanders and Caine both discussed the impact of rising interest rates on their consumer and commercial auto customers as well as other topics in this wide-ranging […] [Read More]

In the wholesale market, prices are climbing from January, and a stronger percentage of vehicles are selling. In fact, it has been 14 years since February wholesale vehicle prices have shown this large of a sequential gain. But prices continue to come down from … [Read More]

This auction news roundup includes details about United Auto Credit's 2022 Auction of the Year Award recipient as well as the recent, robust successes of Auction Academy’s Class Group 7. To recognize “exceptional performance and dedication of the team,” United Auto Credit gave its 2022 Auction of the Year Award to DAA Las Vegas. “We […] [Read More]