Stop letting messy data hold your dealership back from its true earning potential. While many multi-roof dealer groups struggle to...
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SPONSORED EPISODE: The Buy Online Shift & What Dealers Need to Know Now
In this sponsored episode of the Auto Remarketing Podcast, Cox Automotive’s Jeri Reichel joins us to speak to the evolving Buy Online experience. She shares more about how shopper expectations are changing and what dealers should understand and do as ... Listen Here
The Spark Between EVs & CPO
In light of electric vehicle maker VinFast launching a certified pre-owned program in the U.S., Auto Remarketing senior editor Joe Overby connects with leaders from the EV space to discuss why the segment is a natural fit for CPO and ... Listen Here
Vincenzo Ciampi of iA Financial Group
Next up on the Canada’s Used Car Week Live Stage is Vincenzo Ciampi . who is senior vice president, of auto finance and dealer services for Canada at iA Financial Group. Ciampi talks with Cherokee Media Group’s Joe Overby about ... Listen Here
Retail
Florida franchise dealer association names new president
The Florida Automobile Dealers Association has named a new president to succeed Ted Smith, who has retired after leading the FADA for 25-plus years. Selected for the role is Peter Cuderman, a move that was effective Saturday. Cuderman was mostly ... [Read More]
COMMENTARY: The hardest part of completing an M&A transaction begins after you’ve found the buyer
When dealer principals contemplate selling a dealership, the conversation naturally centers on valuation, blue sky multiples, taxes, transaction structure, and buyer demand. These are all critical elements of a successful transaction, and they largely determine the economics of the deal. ... [Read More]
Wholesale
COMMENTARY: 3 auto transport trends reshaping the pre-owned vehicle market
The movement of vehicles to a dealership has traditionally been treated as a back-end logistics function. But for used-car decision makers navigating tight margins and changing expectations, auto transport needs to be front and center to their business strategy and ... [Read More]
UAX takes home auction of year honores from Bridgecrest
United Auto Exchange has earned Auction of the Year honorees from Bridgecrest, the Memphis, Tenn.-based auction company said in a news release last month. UAX said the award spotlights its “commitment to delivering dependable service, strong results, and a consistently ... [Read More]
Technology
STELLA Automotive AI gains $22.1M in Series B financing
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 ... [Read More]
Lotlinx names new president, CFO
Lotlinx has a new president and chief financial officer. Appointed to the role is George King III, who has more than 25 years of leadership experience at Fortune 500 companies and in the global investment banking industry. His most recent ... [Read More]
Analysis
‘Used cars aren’t cheap,’ but pricing pressure eases
Like NASA’s Artemis II mission in April, retail used-car prices rocketed into orbit this spring. And slowly but surely, “they’ve come back to down to earth.” Just not at astronomical speeds, says CARFAX, known for its history reports on more ... [Read More]
Market shifts to used vehicles as ‘affordable alternative,’ with strongest days-to-sell in nearly 3 years
Record new-car prices, says Catalyst IQ, have led to greater consumer emphasis on “affordability, fuel-efficiency and value.” And that includes stronger demand for used cars, which hit their quickest turn times in nearly three years, the automotive analytics and marketing ... [Read More]
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