As delinquencies rise and margins tighten, leading auto lenders use AI agents to cut collections and servicing costs without compromising...
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SPONSORED EPISODE: AI & Big Data Deliver Significant Improvements to Inventory Management
In this sponsored episode of the Auto Remarketing Podcast, Merritt Critcher, Director of Product Management with CDK speaks with Bill Zadeits about the newest trends and potential for AI and big data to meet and exceed the inventory management needs ... Listen Here
Experian on how much auto refinancing is gaining traction
Melinda Zabritski, Experian’s head of automotive financial insights, said consumers are looking for ways to secure more favorable vehicle financing terms, especially with interest rates leveling out and perhaps a cut coming next week from the Federal Reserve. The base ... Listen Here
Follow the Money: State of Auto Finance in Canada
In this panel discussion from Canada’s Used Car Week in June, Cherokee Media Group president Bill Zadeits talks with leaders from auto finance institutions about the most important metrics, trends and macroeconomic factors in the Canadian used-car landscape. They discuss ... Listen Here
Retail
Mudd Advertising acquires DealerTrend to boost its marketing technology
Automotive marketing firm Mudd Advertising has acquired DealerTrend, a technology company known for its dealer websites, inventory management and application programming interface-driven digital tools. In a news release, Mudd said the Reno, Nev.-based DealerTrend, founded in 2001, was built to ... [Read More]
Shaq, Snoopy star in latest marketing campaigns launched by Carvana, Chrysler
Carvana is a huge operation, a used-car retail giant. So how can Carvana be bigger? How about adding the towering Shaquille O’Neal — all 7-foot-1, 300-plus pounds of him? Carvana announced an integrated brand partnership with O’Neal, a basketball Hall ... [Read More]
Wholesale
Small auction groups make big strides in the auction industry
In an industry that is mostly dominated by large auction chains and independent auction owners, the McConkey Auction Group is one of a few small auction groups that are making big strides in the auction business. CEO Bob McConkey opened ... [Read More]
AuctionNet, RunBuggy, Pinnacle on board as new Auction Academy sponsors
Auction Academy’s support from the auto remarketing industry continues to grow. TPC Management Company’s executive development program announced three additions to its network of 22 industry sponsors: AuctionNet, a provider of wholesale used vehicle remarketing data backed by the National ... [Read More]
Technology
PureCars promotes president Donalson to CEO
PureCars, which provides digital marketing technology and services for the auto industry, has a new CEO. Promoted to the role is Lauren Donalson, who was most recently the company’s president. Aaron Sheeks, previously the CEO, has left the company to ... [Read More]
EV news: National Drive Electric Month is underway; pros, cons of home chargers
National Drive Electric Month is underway. The annual campaign to increase education and awareness about electric vehicles began Friday and runs through Oct. 12, with events planned in 41 states featuring EV test drives, vehicle showcases, informative workshops and other ... [Read More]
Analysis
CarGurus: Used inventory time on the lot drops to 3-year low
Even though used-car retail prices moved 6.5% higher in August versus the beginning of the year, CarGurus noticed demand for used vehicles remained strong last month. Those findings are two of the primary ones from the used market contained in ... [Read More]
COMMENTARY: Why 1-year-old certified pre-owned vehicles are trending
In the post-pandemic reshuffling of the auto industry, a surprising trend has emerged: certified pre-owned vehicles that are barely a year old are taking over dealer lots. What began as a premium-brand tactic has now found its way into the ... [Read More]
