It is certainly an understatement to say the world has been turned on to online shopping and digital retailing. According to Adobe Analytics, during the 2020 Black Friday event, online sales increased 22% over the previous year. What’s more, the National Retail Federation expected this year’s online holiday sales totals would increase 20% and reach […] [Read More]

Volta certainly recharged its finances to begin 2021. The Emerging 8 honoree previously highlighted in Auto Fin Journal and developer of commerce-centric electric vehicle charging networks announced an oversubscribed Series D financing of $125 million. Volta said this week that Goldman Sachs acted as exclusive placement agent to the company in connection with the financing. Volta […] [Read More]

Several industry forecasts already have been released, including one focused on overall used-vehicle sales, retailing of certified pre-owned models as well as the potential swelling of repossessions. This week, six executives from EFG Companies shared their expectations for how the first half of 2021 might unfold in the F&I space. The group acknowledged several market […] [Read More]

As we enter a new year, the occasion often allows us some time to reflect on the old and celebrate the new. I’m happy to say that with the January edition of Auto Remarketing, we do both! This year signals the hallmark 30th anniversary of this publication that is focused on providing great information and […] [Read More]

On Tuesday, 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. Along with that time savings, company leaders said the FUSE Autotech fintech software […] [Read More]

UVeye, which says it has raised more than $40 million from automakers and other strategic investors since its founding four years ago, announced Tuesday it has secured strategic investments from Hyundai Motor Company and several other investors. UVeye, an automated vehicle-inspection systems developer, said the investments will serve to accelerate its global expansion plans. The […] [Read More]

After experiencing growth and taking delivery of 16 transport vehicles last year, which is one of the largest asset purchases in its history, automotive transport company JMN Logistics has launched a new updated corporate website that expands on careers and services. The company is also improving its corporate website to provide faster access to company […] [Read More]

After falling 7% in 2020 but still remaining relatively strong, certified pre-owned sales are likely to bounce back in 2021 to what would be one of the strongest years on record, according to Cox Automotive. There were 2.6 million certified sales in 2020, down from 2.8 million in 2019, says a Cox Automotive analysis of […] [Read More]

Mike Rother is now managing partner of consulting services for AVStrategy, the consulting enterprise of Automotive Ventures. Rother is former senior vice president and general manager for Dealer.com. Automotive Ventures, an automotive technology investment and consulting company, said AVStrategy provides advisory and networking services to automotive entrepreneurs and investors. Rother served in various leadership roles […] [Read More]

Much on the default front remained unchanged to close 2020. Among the readings to finish the last year in that category was auto default. According to data through December released Tuesday by S&P Dow Jones Indices and Experian, the December auto default metric came in at 0.64%, which was unchanged from November. The reading, however, […] [Read More]