April 2022

Friday, Apr. 29, 2022, 04:06 PM There’s another part of the digital world of financial services within automotive that might not get the attention of pre-approvals and the path toward delivery, but not completing it correctly can land finance companies in trouble. It’s refunding warranties and other F&I products when the vehicle is repossessed or is deemed to be a total loss following a crash or other catastrophic event. Robert Christini of Dealertrack and Cox Automotive, along with Anne Holtzman and Peter Krall of Allied Solutions, tackled the challenging topic… Read More »PODCAST: Product refunds in the digital era

IAA has added a new director to its board, the company said Friday, and also launched an operations committee, which it said will be tasked with “driving operational performance.” Additionally, the company said it has come to a “constructive resolution” with Ancora Holdings, LLC, one of the company’s stockholders, but no further details were provided in the news release regarding that resolution. Ancora had released a letter last month regarding IAA’s leadership, and IAA issued a letter in response. As far as board move, with the appointment of Michael Sieger… Read More »Auction news roundup: Developments at IAA, plus ‘Guitars & Cars’ headliner announced

Following one of their workshops during this year’s Auto Intel Summit, John Howard and Kirsten Von Busch of Experian Automotive offered more of their time in North Carolina for this episode of the Auto Remarketing Podcast. The Experian Automotive executives recapped a portion of the presentation, sharing who is the “other” electric vehicle buyer. To listen to the conversation, click on the link available below, or visit the Auto Remarketing Podcast page.  Download and subscribe to the Auto Remarketing Podcast on iTunes or on Google Play. Source Article

Gina Cocking is managing director and chief executive officer of Colonnade Securities, a Chicago-based investment banking firm that specializes in merger and acquisition advisory services. Cocking spent some of her time in North Carolina for the recent Auto Intel Summit for this episode of the Auto Remarketing Podcast, discussing the plethora of mergers and acquisitions within automotive that have happened so far this year and why more could be in the pipeline. To listen to the conversation, click on the link available below, or visit the Auto Remarketing Podcast page.  Download and subscribe… Read More »PODCAST: Gina Cocking of Colonnade Securities on automotive M&A

Friday, Apr. 29, 2022, 09:20 AM In this episode of the Auto Remarketing podcast, we catch up with former Cox Automotive analyst Zo Rahim, who is the founder and chief executive officer of CPyO.  This new site, which has launched in Atlanta, is designed to help dealers increase visibility of their certified pre-owned vehicles for sale, help automakers boost awareness of their certified programs and give consumers more confidence in shopping CPO. Rahim explains the origin of the idea, CPyO’s roadmap and funding strategy, and the opportunity that exists in serving a niche… Read More »PODCAST: Inside CPyO, the new online marketplace for certified vehicles

Thursday, Apr. 28, 2022, 02:50 PM In this episode of the Auto Remarketing Podcast, Digital Air Strike chief operating officer Jason Barrie joins the show to talk about the company’s recent Customer Experience Trends Study. Barrie and Auto Remarketing senior editor Joe Overby cover how car-shopping has changed, vehicle supply impacts, use of steaming media and more. To listen to the conversation, click on the link available below, or visit the Auto Remarketing Podcast page.  Download and subscribe to the Auto Remarketing Podcast on iTunes or on Google Play. Source Article

Advanced Business Computers of America (ABCoA) recently rolled out its latest software solution for dealerships and subprime auto finance companies. ABCoA added a proprietary funding portal to its ecosystem within cyclCRM, a customer relationship management solution built specifically for the buy-here, pay-here industry. The company said this portal called Capsa also is completely integrated (bi-directional) with both the dealer management software and loan management software. ABCoA explained the Capsa funding portal can provide preapprovals and instant funding for point of sale, seasoned, or portfolio purchases, floorplans and consumer loans. For… Read More »Newest ABCoA tool built specifically for BHPH

Thursday, Apr. 28, 2022, 11:59 AM Buckeye Dealership Consulting welcomed its newest teammate this week. The provider of reinsurance services, education and consulting, and performance groups for independent dealers named Stephen Carter as a new sales representative. Buckeye said through a news release that Carter will work closely with independent dealers across the country, with a primary focus on dealers in Texas and surrounding states. Carter will also attend industry events tailored to the used-vehicle industry. “Stephen brings a deep well of knowledge and expertise to our team,” Buckeye executive… Read More »Buckeye adds seasoned insurance exec to sales team

Thursday, Apr. 28, 2022, 11:16 AM After dipping 0.23% last week, Canadian wholesale vehicle prices have now made four consecutive declines. That’s according to the latest weekly report from Canadian Black Book, which said car segments were off 0.10% last week and truck/SUV prices fell 0.36%. The 0.23% overall decline is steeper than …  Source Article

Untether AI, which describes itself as “the leader in at-memory computation for artificial intelligence inference acceleration,” has teamed up with General Motors to develop AI perception systems for autonomous vehicles. Emphasizing that perception systems are integral to autonomous vehicles, Untether AI said it will collaborate with GM on demonstrating an AV perception system based on the company’s at-memory computation technology. The project is receiving $1 million in funding from the provincial government’s Ontario Vehicle Innovation Network (OVIN). “Since taking office our government has created the right economic conditions to position… Read More »Untether, GM partner to develop AI perception systems for autonomous vehicles