In January, Walser Automotive Group, in partnership with PICO Venture Partners, announced the launch of a cloud-based predictive finance management system fueled by artificial intelligence that’s designed to cut the delivery process down from an average of three hours to 30 minutes. On Thursday, that company — FUSE Autotech — announced the completion of its […] [Read More]

An expert from outside of the auto-finance industry offered three recommendations that could help F&I professionals work with potential customers who are not sitting in person across the desk from them in the finance office. InQuasize president Michael Reddington is a certified forensic interviewer and leadership expert who runs a company that integrates the key […] [Read More]

Though not without challenges, it was a strong quarter for the three major publicly traded online used-car marketplaces. Vroom posted record ecommerce unit sales and gross profits, Shift reached record revenues and unit sales and Carvana’s net income was positive for the first time ever. Here is a recap of the highlights from the three […] [Read More]

With inventory options not so plentiful right now, dealers certainly want to know as much as possible about a used vehicle — especially one they’re buying exclusively online and do not have the opportunity to kick tires and sit behind the wheel before the hammer falls. In response to client feedback, Manheim is introducing an […] [Read More]

This week, PassTime announced it has partnered with SourceIT, a security company specializing in IP-based surveillance systems, servers and networking solutions. According to a news release, SourceIT will bring PassTime asset tracking solutions to its extensive customer base, complementing the company’s existing security and monitoring solutions. PassTime’s suite of asset tracking solutions is customized to […] [Read More]

Several noteworthy events happened in August of 1981, including the launch of MTV, IBM beginning sales of personal computers running the Microsoft operating system, the end of strike in Major League Baseball and the start of the buy-here, pay-here industry journey of America’s Car-Mart. Now one of the largest publicly held automotive retailers, Car-Mart is […] [Read More]

National Automotive Finance Association president Joel Kennedy appeared again on the Auto Remarketing Podcast less than three weeks ahead of the Non-Prime Auto Financing Conference that begins on Aug. 30 in Plano, Texas. Kennedy discussed how the organization is continuing after the passing of executive director Jack Tracey earlier this summer, as well as how eager […] [Read More]

You don’t even have to hit the “gas,” per se, for these used vehicles to move quickly. The latest report from iSeeCars.com shows that the three fastest-selling used vehicles in July were all electrics. Topping the list and taking an average of just 15.7 days to sell last month was the Tesla Model 3, followed […] [Read More]

Engaged dealership personnel might be engaging with potential buyers via text message more than ever nowadays. Recognizing the growing influence of text communication in dealer/buyer engagement, Fox Dealer recently announce the acquisition of Simplext Digital immediate response solution and the formation of a partnership with LetzChat, a text-and-chat platform providing real-time translation in more than […] [Read More]

With dealer inventories tight, it’s getting more challenging for consumers to find the vehicle they want. Swapalease.com shared its second quarter Auto Lease Trends Report on Tuesday, illustrating how the situation is unfolding in that industry segment. Among the key trends Swapalease.com identified in its second-quarter lease data, analysts highlighted: • Tesla searches are up […] [Read More]