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EvenFlow AI lands $1.5M seed funding to help put fixed ops inefficiency in rear-view mirror
Monday, Dec. 2, 2024, 12:58 PM
Auto Remarketing Staff
With a round of seed funding announced Monday, EvenFlow AI might be given to fly. The company, which provides artificial intelligence-powered tools to help dealership service departments increase capacity and optimize revenue, said in a release the $1.5 million round was led by Automotive Ventures and FM Capital. EvenFlow AI anticipates the funding will yield […] [Read More]
Dealer news: Case makes sweet donation; Warren Henry’s Key acquisition; Penske closes deal Down Under
Monday, Dec. 2, 2024, 12:31 PM
Auto Remarketing Staff
The taste of giving is sweet. Especially when you’re giving pie. Rick Case Automotive Group president and CEO Rita Case and Broward Health president and CEO Shane Strum served pumpkin and apple pie to Broward Health staff during Thanksgiving week to celebrate the dealership group’s recent donations to the South Florida healthcare system. Over the […] [Read More]
ATI designs training to help repair shops leverage Google & more
Monday, Dec. 2, 2024, 12:29 PM
Auto Remarketing Staff
More resources are being pushed into making the car repair business better. ATI, a coaching, training, and consulting organization for independent automotive repair and collision shop owners, recently launched Automotive+ Reach. The online training program is designed to empower mechanical and collision shop owners to leverage Google’s capabilities and the broader internet to drive customer […] [Read More]
Current economic sentiments point to positive outlook for vehicle sales
Monday, Dec. 2, 2024, 11:02 AM
SubPrime Auto Finance News Staff
Perhaps consumers are thankful for more than just the tasty Thanksgiving turkey and navigating through awkward family conversations around the dinner table. Insight from both the Conference Board and Comerica Bank pointed toward trends that might benefit dealerships and finance companies, as Cox Automotive chief economist Jonathan Smoke indicated that consumer plans to purchase a […] [Read More]
Growth not quite as dramatic, but used EV sales continue to accelerate in both wholesale & retail markets
Wednesday, Nov. 27, 2024, 11:39 AM
Joe Overby, Senior Editor
The year-over-year growth isn’t quite as steep as it was in prior months, but used electric vehicles are still flying off dealership lots and auction yards, according to respective analyses from Cox Automotive and the National Auto Auction Association.
In its latest EV Market Monitor, Cox Automotive reported there were ... [Read More]
PODCAST: Alan Lang of Cox Automotive discusses wholesale auto evolution at Used Car Week
Wednesday, Nov. 27, 2024, 10:44 AM
Auto Remarketing Staff
To kick off our series of Auto Remarketing Podcast episodes from Used Car Week 2024 in Scottsdale, Ariz., Alan Lang of Cox Automotive joins the show. Lang, who is senior vice president of physical services and auctions at Cox Automotive, chats with Cherokee Media Group senior editor Joe Overby about the changing infrastructure of wholesale […] [Read More]
FTC acknowledges closed-door meeting about unfair fees
Wednesday, Nov. 27, 2024, 10:09 AM
SubPrime Auto Finance News Staff
Executives inside and outside of automotive who might already be skeptical of what happens in Washington, D.C., probably aren’t surprised a major federal agency conducted a closed-door meeting. But the Federal Trade Commission acknowledged that it orchestrated one last week focused on the Unfair or Deceptive Fees Notice of Proposed Rulemaking (NPRM). What the FTC […] [Read More]
Fullpath-Oplogic integration aims to boost dealers’ customer targeting
Wednesday, Nov. 27, 2024, 09:09 AM
Auto Remarketing Staff
Automotive customer data platform and marketing automation engine Fullpath announced an integration with DealerBuilt’s Oplogic variable operations platform of CRM, desking, F&I menus, equity, telephony, fraud protection, and artificial intelligence tools. It is a partnership the companies say is designed to provide dealerships with seamless data connections and enhanced data consolidation to support more precise […] [Read More]
Lexus still first in CPO, wins 8th straight U.S. News award
Wednesday, Nov. 27, 2024, 09:07 AM
Auto Remarketing Staff
The first certified pre-owned program is still the best. That’s the conclusion of U.S. News & World Report, which named Lexus — the brand that introduced CPO in 1996 — as the Best Certified Pre-Owned Program in its 2025 Best Vehicle Brand and Best Certified Pre-Owned Program awards. The magazine evaluated 38 brands to select […] [Read More]
Dealer news: HGreg donates $10,000 for Tampa Bay hurricane relief; Sam Leman acquires its 10th dealership
Tuesday, Nov. 26, 2024, 04:07 PM
Auto Remarketing Staff
Canada-based dealership group HGreg is doing its part to help its adopted American home. HGreg, which operates 10 dealerships in Florida, including one in the Tampa Bay area, has donated $10,000 to Feeding Tampa Bay, a local nonprofit dedicated to fighting hunger in the area. The donation will support the organization’s ongoing relief efforts for […] [Read More]
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