The monthly report has been the dealership cadence for decades. Pied Piper Management Co. wants to bring the information tempo into the present with the launch of Sales Lead Handling Effectiveness (LHE) and Service Scheduling Effectiveness (SSE). They’re subscription programs that use technology to make continuous monitoring and proactive alerts practical and affordable, measuring customer […] [Read More]

A trio of veteran automotive technology executives — Jason Barrie, Amit Maheshwari and Max Steckler — have teamed up to launch PromptPath, an artificial intelligence-enabled person-to-person conversation platform for the auto industry. The new platform aims to help sales, F&I and BDC teams at dealerships with customer conversations, using AI to provide real-time prompts, customer […] [Read More]

Brian Wieland, who is senior director of used vehicles at Van Horn Auto Group, might have summarized dealerships’ necessary journey from dot matrix printers in the finance office to tools based on artificial intelligence. “AI is no longer something we are testing. It has become part of how we operate every day,” Wieland said in […] [Read More]

Matt Babcock, who heads up digital lending product strategy for Wolters Kluwer, returned for another visit on the Auto Remarketing Podcast. Wolter Kluwer recently released its latest quarterly Auto Finance Digital Transformation Index. Babcock recapped the sustained upward trajectory the industry continues to travel along with how else artificial intelligence can boost auto financing. Listen […] [Read More]

Credit Acceptance set a record during the second quarter courtesy of artificial intelligence. The subprime auto finance company said late Tuesday afternoon that a record 11,004 dealers were active on its platform during Q2, with the company enrolling 1,456 new dealers. Credit Acceptance cited two reasons for the record achievement, including: —Deal optimization: Enhanced its […] [Read More]

With the Presidio Group acting as exclusive financial advisor, STELLA Automotive AI on Monday announced the closing of its Series B financing round, which raised $22.1 million to accelerate commercial expansion, scale go-to-market initiatives and support continued product development. According to a news release from Presidio Group, the round was led by Maroone USA, and […] [Read More]

Adverse action notices in subprime auto financing are common. An acquisition that closed on the last day of July and announced publicly on Monday is designed to make sure that’s not the end of the road for all parties involved. MeridianLink, a provider of modern software platforms for financial institutions and consumer reporting agencies, acquired […] [Read More]

Yotta Automated Software Solutions (YASSI) is making a notable announcement per week nowadays. The pattern continued Monday when the provider of real-time vehicle and title data infrastructure for the automotive, insurance, and lending industries introduced VIN360. YASSI highlighted VIN360 is a new intelligence layer that can analyze the full history associated with a single VIN. […] [Read More]

Spyne is already thinking about 2027 when it comes to artificial intelligence used at dealerships. According to Spyne’s latest Auto Retail Intelligence Quarterly report, experts projected a “pivotal shift” in AI use next year, saying “those that embed AI within connected systems linking customers, vehicles, and deals will outpace dealerships relying on isolated AI tools. […] [Read More]

Cox Automotive’s Central Dispatch looked to give shippers and carriers an upgrade on Tuesday. The automotive logistics operation said it has enhanced its artificial intelligence-powered Price Check Plus tool with three updates meant to better reflect what’s happening in the market right now due to recent macroeconomic pressures. They include: —Refresh pricing data more frequently, […] [Read More]