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This Month's Focus

Turbocharged Finance
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Latest two moves by US Bank have dealers & OEMs in mind
U.S. Bank made a pair of moves last week geared to boost its position in automotive with dealerships and OEMs. First, U.S. Bank said it is launching redesigned BMW, MINI and BMW Motorrad Mastercard credit card products that offer cardholders ... Read More
TransUnion and Bankrate collaborate to broaden credit offers  
TransUnion and Bankrate want to make it easier for millions of Americans to find personalized credit offers that meet their needs. On Wednesday, the companies announced they’re working even closer together to deliver smarter matching by combining Bankrate’s lender marketplace ... Read More
COMMENTARY: The LLM compliance paradox & separating conversational AI from quantitative underwriting
It’s hard to open a newspaper or read a tech article today without seeing at least some mention of large language models (LLMs) and their usage in just about any industry. The auto lending sector is no exception, with LLMs ... Read More
Ben Sporn of VIP Automotive Group Takes DIY Approach to AI
Ben Sporn is the chief marketing officer of VIP Automotive Group on Long Island, N.Y. , where he runs operations and artificial intelligence projects at his family’s 10-store dealer group. He also has a tech background, having worked for Google ... Listen Here
SPONSORED PODCAST: Securing the Vehicle Handoff with Secure Vehicle Transfer
In this episode of the Auto Remarketing Podcast, Bill Zadeits speaks with Lainey Sibble and Eric Schwartz from Central Dispatch about the newest technology impacting vehicle transport: Secure Vehicle Transfer. Learn more about this impactful technology and how it’s helping ... Listen Here
SPONSORED EPISODE: High-quality used inventory via the service drive with AutoHub’s Dan Gaughan
Some of the best used-car inventory a dealer could want is sitting right in their own service lane every day. In this special sponsored episode of the Auto Remarketing Podcast, AutoHub general manager Dan Gaughan took dealers through a proven ... Listen Here

Decline in wholesale vehicle values grows in Canada

Auto Remarketing Canada Staff
The decline in Canadian wholesale vehicle values picked up speed last week, with the drop in both truck/SUV and car segment growing steeper. That’s according to the latest Market Insights report from Canadian Black Book, which pinpointed the overall market ... [Read More]

iA Dealer Services to provide protection solutions for VinFast Canada

Auto Remarketing Canada Staff
A positive jolt for iA Dealer Services came on Wednesday. The business unit of iA Financial Group announced a new partnership with VinFast Canada, marking the company’s first collaboration with a pure-play electric vehicle manufacturer and an important milestone in ... [Read More]

AutoCanada continues to divest in US, with agreement on remaining stores

Auto Remarketing Canada Staff
AutoCanada has made “meaningful progress” on divesting its U.S. dealerships and has entered a definitive agreement on its remaining nine dealerships south of the border (which comprise two individual storefronts). The retailer said in its latest earnings release that it, ... [Read More]

Affordability, trade challenges remain, but Canadian used-car market on the mend

Auto Remarketing Canada Staff
Recovering and stabilizing. Gradually. The Canadian used-car market has taken its punches, but inventory levels are improving and while affordability remains a concern, prices are normalizing. And the declines in used-car sales are slowing. That’s according to Carfax Canada’s midyear ... [Read More]

Price declines steepen at auction, but stay below pre-COVID drops

Auto Remarketing Canada Staff
Depreciation in Canadian wholesale vehicle values picked up speed last week, but remains slower than pre-COVID declines, according to the latest Market Insights report from Canadian Black Book. Overall, wholesale vehicle values fell 0.19% last week, compared to a 0.16% ... [Read More]

CarDoor launches platform for dealers to buy cars from consumers

Auto Remarketing Canada Staff
CarDoor has launched a consumer car-selling platform, MarketCheck, where a consumer can post their car for sale to hundreds of dealers and receive offers in real time. Once an offer is delivered and the consumer accepts, CarDoor handles paperwork, arranges ... [Read More]

Clutch opens customer hub in Halifax, it’s third launch of year

Auto Remarketing Canada Staff
Online used-car retailer Clutch has launched a new customer hub in Halifax, Nova Scotia, the third physical location that the company has opened this year. The Halifax Customer Hub, which joins locations in British Columbia and Ottawa, offers a pickup ... [Read More]

Overall wholesale vehicle price depreciation slows in Canada, but climbs for car segments

Auto Remarketing Canada Staff
The decline in wholesale vehicle prices in Canada moderated last week, though it remains steeper than pre-COVID levels for the same period, according to the latest Market Insights report from Canadian Black Book. Overall wholesale prices fell 0.32% for the ... [Read More]

UVeye sets up shop in Canada

Auto Remarketing Canada Staff
UVeye has expanded its footprint to Canada. The vehicle data intelligence company said Thursday that its advanced computer vision inspection systems have launched at dealerships in British Columbia and Ontario. This launch kicks off a planned rollout throughout Canada. UVeye ... [Read More]

After US debut, CarGurus brings conversational AI assistant Guru to Canada

Auto Remarketing Canada Staff
Dealers and car shoppers have a new assistant in Canada. CarGurus announced Monday —  its 10th anniversary in the country — that it has launched Guru, an artificial intelligence car-shopping assistant designed to help consumers find the best deals while ... [Read More]

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