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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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
Ted Berlovich of Clutch
Continuing the discussions from the Live Stage at Canada’s Used Car Week, senior editor Joe Overby connects with Ted Berlovich, director of wholesale at online used-car retailer Clutch. Berlovich explained the company’s wholesale process, how the company handles some of ... Listen Here
Retail
ZT Automotive enters ultra-luxury segment, expands store count to 18
ZT Automotive has added ultra-luxury to its collection. The Badar Family Office, which owns the dealer group, said Tuesday it has acquired McLaren Charlotte and Rolls-Royce Cars Charlotte in North Carolina. These stores will become part of the new ZT ... [Read More]
Penske Automotive confirms receipt of take-private bid
Penske Automotive Group confirmed in a statement on its website Wednesday that its board of directors has “received an unsolicited, preliminary and non-binding proposal” from Penske Corp. and Mitsui & Co., Ltd. to acquire the remaining shares of PAG’s common ... [Read More]
Wholesale
Lane watch: ‘Healthy’ and ‘increasingly selective’ continue to be descriptions of wholesale market
Black Book again used the words “healthy’ and “increasingly selective” to describe what’s going on in the wholesale market, which posted a 0.48% dip in overall prices last week. According to its latest installment of Market Insights released on Tuesday, ... [Read More]
3 updates to Price Check Plus from Central Dispatch
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 ... [Read More]
Technology
Response to FTC demands about vehicle pricing among new capabilities of Dealer Digital Intelligence from DAS Technology
Add DAS Technology to the list of service providers that have revamped their offerings in part because of a crackdown on vehicle pricing orchestrated by the Federal Trade Commission. The company on Thursday highlighted a segment of the newly launched ... [Read More]
YASSI launches platform to provide vehicle intelligence through single integration
Soon after successful completion of its latest SOC 2 Type II certification with zero exceptions, Yotta Automated Software Solutions, Inc. (YASSI) announced on Thursday the availability of its Easy-Connect API platform. The move gives enterprise organizations across lending, insurance, automotive ... [Read More]
Analysis
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]
Used EV price increase continues to accelerate
The latest data on electric vehicles may come as a shock. Against conventional used-car wisdom, prices for pre-owned EVs are appreciating, thanks in part to a spark in demand, which is now close to par with supply, according to Recurrent. ... [Read More]
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