After dipping 0.23% last week, Canadian wholesale vehicle prices have now made four consecutive declines. That’s according to the latest weekly report from Canadian Black Book, which said car segments were off 0.10% last week and truck/SUV prices fell 0.36%. The 0.23% overall decline is steeper than …  [Read More]

Untether AI, which describes itself as “the leader in at-memory computation for artificial intelligence inference acceleration,” has teamed up with General Motors to develop AI perception systems for autonomous vehicles. Emphasizing that perception systems are integral to autonomous vehicles, Untether AI said it will collaborate with GM on demonstrating an AV perception system based on […] [Read More]

For the monthly installment of the Auto Remarketing Podcast about fraud with Point Predictive, we tackle taxes since consumers had to complete their state and federal filings by April 18. Point Predictive’s Justin Davis and Frank McKenna recapped some of the most frequent tax-connected schemes they’ve seen as well as looked ahead toward the “Fraud […] [Read More]

Two days after revealing that Amazon Web Services would be powering its cloud-based infrastructure, Hertz on Wednesday announced that Ned Ryan will join the company as chief product development officer, effective May 9. It’s the second personnel move in less than two weeks by the rental car company, which also chose a new executive vice […] [Read More]

A research study by Global Market Insights made available this week indicated that the worldwide used-car market is expected to surpass $2 trillion by 2028 Firm experts said a substantial increase in urbanization supported by vehicle ownership trends is likely to augment the industry growth. Global Market Insights mentioned in a news release that the […] [Read More]

A spider and wizard teaming up at a castle sounds like something out of a “Harry Potter” book, but in the case of the used-car market, it’s all about reconditioning and efficiency. Black Widow, which provides automated vehicle imaging, said Wednesday it has partnered with Dent Wizard, which provides vehicle reconditioning services. Under the partnership, […] [Read More]

Expect April to finish with a softer used-car sales tally. Same goes for new cars. TrueCar released its monthly analysis of car sales Wednesday and said it expects there will be … [Read More]

As an added benefit for Cherokee Media Group Premium Members, we are offering special episodes of the Auto Remarketing Podcasts featuring general sessions from this year’s Auto Intel Summit. The next episode in this series features a discussion about remote work and increasing delinquencies, featuring George Hunter of American Credit Acceptance,  John Sibbitt of Recovery […] [Read More]

Along with detailing another procedural rule, the Consumer Financial Protection Bureau (CFPB) found another potential way to examine your operations and potentially take actions against your company. This week, the CFPB announced that it is invoking a largely unused legal provision to examine nonbank financial companies that the bureau believes can pose risks to consumers. […] [Read More]

If your dealership or finance company has an online path for potential vehicle buyers to apply for credit, Cox Automotive said 96% of individuals surveyed are willing to do so. However, the inaugural Cox Automotive Car Buyer Financing Journey Study also found that only 29% of buyers applied for financing online for their most recent […] [Read More]