Through a new program, Manheim is expanding and enhancing protection of digital purchases. The program is called Digital Buyer Protection, and Manheim says it will help dealers buy more confidently online. The program applies across all of Manheim’s digital platforms and expands coverage for vehicles with condition reports for damaged items not previously covered. Examples […] [Read More]

Lexus has chosen connected car platform Dealerware to join a group of software vendors to power its newly reimagined Lexus Customer Convenience System. Lexus’ approval of the Dealerware platform follows a nine-month pilot program in which multiple Lexus dealerships increased fleet utilization rates by as much as 18%. In the pilot program, those dealerships also […] [Read More]

According to a new study, consumers no longer compare car buying to a stubborn root canal. In fact, as auto dealers move more steps of the retail process online, consumer satisfaction is at an all-time high. “According to our data, car buyers have never been happier,” Cox Automotive vice president of research and market intelligence […] [Read More]

ADESA has launched a new inspection technology solution and software platform designed to provide “high quality, industry-leading inspections — making significant leaps in transparency, relevance and accuracy.” The upgrades come as the wholesale auto industry, and ADESA parent KAR Global, is shifting further digitally, thus underscoring the need for reliable condition reports in an online […] [Read More]

CarLotz is now officially a publicly traded company. It began trading on NASDAQ on Friday, following the completion of its merger Thursday with Acamar Partners Acquisition Corp., a special purpose acquisition corporation. Auto Remarketing's Joe Overby caught up with CarLotz CEO Michael Bor on Friday to talk about this landmark day in the company's history. […] [Read More]

Jessica Stafford, senior vice president of consumer solutions at Cox Automotive, is back on the Auto Remarketing Podcast  to discuss the company's new Complete Retail solution that launched Monday. It's a new end-to-end digital retail experience today that Cox Automotive says can “bring every step of the car-buying journey and every part of the deal […] [Read More]

Making another marquee move to begin 2021, Cox Automotive has launched a new end-to-end digital retail experience today that it says can “bring every step of the car-buying journey and every part of the deal process together — start, flow, sign and close.” Complete Retail, which is the first Cox Automotive-branded end-to-end retail solution, implements […] [Read More]

The American Financial Services Association, in collaboration with the Illinois Financial Services Association, the Independent Finance Association of Illinois and the Illinois Automobile Dealers Association, sent a letter on Friday to Gov. J.B. Pritzker to state their “grave concerns” about a measure about to become law in Illinois that would create a rate cap on loans, […] [Read More]

Within a week, another Emerging 8 honoree received an injection of financial resources from the investment world. Soon after an announcement by Volta, fellow honoree MotoRefi — an auto refinancing startup on a mission to help people save on their retail installment contracts — announced a $10 million Series A1 funding round. MotoRefi said the […] [Read More]

CarLotz is now officially a publicly traded company. Its shares began trading Friday on the Nasdaq Global Market, following the completion of its merger Thursday with Acamar Partners Acquisition Corp., a special purpose acquisition corporation. The merger was first announced in October. The combined company’s ticker symbol is “LOTZ.” “Today marks another major milestone for […] [Read More]