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Canadian EV owners ready to buy another despite public charging issues, survey finds
Thursday, Jan. 16, 2025, 10:59 AM
Auto Remarketing Canada Staff
Canadian electric vehicle owners are not happy with the availability of reliable and convenient public charging — but that won’t stop them from buying another EV, according to a new study from the Canadian Automobile Association. The survey of more than 16,000 EV owners, conducted by PlugShare Research for CAA, found 70% of respondents expressed […] [Read More]
PODCAST: ‘Shut up and take my money,’ with BlytzPay
Thursday, Jan. 16, 2025, 10:54 AM
BHPH Report Staff
We continue our episodes of the Auto Remarketing Podcast originating from Used Car Week 2024 in Scottsdale, Ariz., with a Speed Session featuring Robyn Burkinshaw and Alison Andreozzi of BlytzPay. The company’s leadership team explained why technology in the form of text-based communications and app-less payment options has the ability to improve margins, optimize collectors’ […] [Read More]
Credit availability finishes 2024 on a high note
Thursday, Jan. 16, 2025, 10:53 AM
SubPrime Auto Finance News Staff
As you might have noticed when booking paper and finalizing deliveries during the holiday season, it was a bit easier to get consumers into financing during the closing month of the year. Cox Automotive reported earlier this week that the Dealertrack Credit Availability Index made a notable improvement in December, reaching 95.5. That represented a […] [Read More]
EV merchandising startup Lyteflo receives $3 million in seed funding
Wednesday, Jan. 15, 2025, 03:06 PM
Auto Remarketing Canada Staff
Lyteflo’s seed has been planted. The new electric vehicle merchandising provider is has closed on $3 million in seed funding in an oversubscribed round led by Diagram, with participation from fellow Canadian venture capital firms Whitecap Venture Partners and Amplify Capital. Lyteflo, founded by CEO Ryan Osten and chief technology officer Dominick Rivard, is designed […] [Read More]
Dealer Tire, RockED to launch tire sales certification program for dealership staff
Wednesday, Jan. 15, 2025, 01:53 PM
Auto Remarketing Staff
Tire distributor and service provider Dealer Tire is teaming with auto sales and service training platform RockED to develop and launch a new tire sales certification program for parts and service associates at select dealerships, combining Dealer Tire’s expertise in tire distribution and services with RockED’s micro-learning and gamified training systems. In a news release, […] [Read More]
COO Perkovich named new president as RPM founder steps down from CEO role
Wednesday, Jan. 15, 2025, 01:51 PM
Auto Remarketing Staff
There’s change at the top at RPM. The automotive logistics provider announced Barry Spilman, the company’s founder and CEO, will transition from that role to serve on board of directors. Under his direction, the company has grown from a startup in 2012 to a consistent top 50 freight brokerage and top 100 logistics provider, RPM […] [Read More]
PODCAST: Preparing for potential ‘repo-apocalypse’
Wednesday, Jan. 15, 2025, 01:49 PM
SubPrime Auto Finance News Staff
We continue our episodes of the Auto Remarketing Podcast originating from Used Car Week 2024 in Scottsdale, Ariz., with a Speed Session featuring Lucky Lopez, who is director of sales with Loanbridge. Lopez, a former dealer who has built a significant social media following, including nearly 30 million views of his industry videos on YouTube, […] [Read More]
Lane watch: Conversion rate jumps & depreciation accelerates
Wednesday, Jan. 15, 2025, 01:49 PM
Auto Remarketing Staff
Black Book noticed two of the most important trends in the wholesale market made notable moves during the first full week of the year. Analysts said last week’s auction conversion rate rose to 60%, while wholesale values dropped by 0.81%, resulting in the largest single-week overall price decline since mid-December 2023. “Auction activity was robust […] [Read More]
COMMENTARY: Why blockchain marketing is the next frontier for automotive sales and service
Wednesday, Jan. 15, 2025, 01:29 PM
Brad Smith, Leroy Lynn
In the dynamic landscape of automotive marketing, a new trend is emerging that could reshape how brands engage with consumers: blockchain technology. This approach leverages the inherent capabilities of blockchain for cost-effective, direct, and highly traceable marketing strategies. Understanding blockchain in marketing Blockchain isn’t just the foundation of cryptocurrencies; it’s a ledger of transactions that […] [Read More]
PODCAST: Considering the next generation of auto finance with Pete MacInnis of eLEND Solutions
Wednesday, Jan. 15, 2025, 11:39 AM
Auto Fin Journal Staff
We continue our episodes of the Auto Remarketing Podcast originating from Used Car Week 2024 in Scottsdale, Ariz., is a Speed Session featuring Pete MacInnis, who is CEO of eLEND Solutions. MacInnis again took a forward-thinking approach when discussing the auto-finance industry, sharing anecdotes from clients and other industry conversations about how dealerships and finance […] [Read More]
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