The Federal Trade Commission said Friday that operators of a “telemarketing scam” that called hundreds of thousands of consumers nationwide to pitch them expensive “extended automobile warranties” will face a lifetime ban from the extended automobile warranty industry and from all outbound telemarketing. The development came because of a lawsuit the FTC filed 13 months […] [Read More]

On Thursday, TruVideo introduced artificial intelligence into its suite of tools specifically designed to meet the unique needs of dealerships and OEMs. Building on the foundation of a successful sentiment analysis, TruVideo said it has leveraged the best elements of various AI models to deliver “cutting-edge solutions and unparalleled customer experiences.” The features in TruVideo’s […] [Read More]

Given current market dynamics and the way supply and prices have behaved in recent months, dealers may be wise to grab more used cars and sell them quickly. According to the ZeroSum Market First Report released Thursday, the last four months has been a rollercoaster in ... [Read More]

They just missed each other at NADA Show 2023, but GM Financial’s Kyle Birch and Cherokee Media Group’s Nick Zulovich still reconnected for their annual reunion for the Auto Remarketing Podcast. Birch shared his views about the ongoing impact of rising interest rates, changes in used-vehicle values and more. The podcast can be found in […] [Read More]

SVR Tracking, a leading provider of asset management solutions for the automotive industry, released its newest GPS tracking device this week. The company highlighted its SVR504 combines the convenience of a self-powered device with one of the longest-lasting batteries in the industry. The SVR504 can enable dealers, finance companies and insurance companies to: —Track and […] [Read More]

NCCI, a provider of risk resolution outsourcing (RRO) solutions with actionable intelligence to auto finance companies and other firms in the financial services industry for more than 25 years, formed a new strategic partnership with PAVE, a company that leverages its award-winning inspection platform to deliver intelligent vehicle inspections from photos alone. The companies see […] [Read More]

Sedano Automotive Group has expanded its presence in the San Diego area with the purchase of South Bay Volkswagen in National City, Calif., according to a news release from Performance Brokerage Services, which advised on the sale. The Sedano group, which launched in 2006, now has five stores in San Diego County with the purchase […] [Read More]

As part of a restructuring of its business operations, Canada Drives will no longer offer online car-buying, and will instead focus on its services that allow consumers to sell their vehicle online and obtain auto finance approval online. Canada Drives has offered online car-buying since 2020 and plans on continuing to do so on its […] [Read More]

Steve Levine of Ignite Consulting Partners returns for another visit on the Auto Remarketing Podcast. This time, Levine highlights the potential benefits dealers can get from going to Las Vegas at the end of April for BHPH United, an intense, three-day education event. The podcast can be found in the window below. [Read More]

Cox Automotive and Edmunds experts explained the potential intensifying challenge for dealerships and finance companies to get consumers the credit they might need to take vehicle delivery amid the rising interest rate environment. A situation that even the Federal Reserve acknowledged to become even more complicated when policymakers unanimously chose to raise the target range for the federal funds rate to 4.75% to 5%. “Since our previous meeting, economic indicators have generally come in stronger than expected, demonstrating greater momentum in economic activity and inflation,” chair Jerome Powell said after the Fed announced its latest rate increase on Wednesday. “We believe, however, that ... [Read More]