KAR licenses privacy & security training program to NAAA-member auctions

CARY, N.C. –  The National Auto Auction Association and KAR Global said in a joint statement Tuesday that KAR is licensing its “Privacy Pam” privacy and security training program for NAAA-member auctions to use. KAR uses the training program to help its near-10,000 employees protect the data and information of its customers — which include automakers, dealers, fleets, rental companies and financial institutions — and now NAAA-member auctions will have access to those same courses.  The topics in that training include the differences between “privacy” and “security,” personal information that can… Read More »KAR licenses privacy & security training program to NAAA-member auctions

Vehicle sales face headwinds from softening consumer sentiment

Tuesday, Jan. 25, 2022, 02:54 PM While multiple indicators are showing that consumer confidence is sagging to start 2022, at least one expert doesn’t see the trend as an unconquerable obstacle to vehicle sales. The Conference Board Consumer Confidence Index declined in January after an increase in December. The Present Situation Index — based on consumers’ assessment of current business and labor market conditions — improved, while the Expectations Index — based on consumers’ short-term outlook for income, business, and labor market conditions — declined. Source Article

PODCAST: Acceleration of dealership M&A

Tuesday, Jan. 25, 2022, 02:46 PM CARY, N.C. –  Tom Staszak, who is senior managing director of mergers & acquisitions at Generational Equity, joins the Auto Remarketing Podcast to talk about the rise in dealership buy-sell activity. In this epsiode, we discuss the drivers of that M&A growth, why it makes sense for some stores to exit, and moves in the auto industry at large. Plus, we discuss outside interests pursuing acquisitions in retail automotive. To listen to the conversation, click on the link available below, or visit the Auto Remarketing Podcast page.  Download… Read More »PODCAST: Acceleration of dealership M&A

New CARFAX program spotlights dealers for providing info, services throughout used-car lifecycle

Tuesday, Jan. 25, 2022, 12:36 PM CENTREVILLE, Va. –  CARFAX announced Tuesday it has launched the CARFAX Lifetime Dealer program, which allows participating dealers to show consumers their respective stores are providing “full access to CARFAX products whether they’re buying, servicing, or trading in their used car.” In other words, a mark of distinction for the dealers providing such services throughout the used-car lifecycle. The company said a CARFAX Lifetime Dealer provides CARFAX Vehicle History Reports, includes cars for sale on the company’s Used Car Listings portal and helps consumers keep… Read More »New CARFAX program spotlights dealers for providing info, services throughout used-car lifecycle

Canada Drives hires new CTO to build on 2021 growth

VANCOUVER, British Columbia –  Canada Drives tapped an experienced executive from the entertainment and gaming worlds to be its new chief technology officer. On Monday, the 100% online vehicle shopping and to-your-door delivery platform announced that Darcy Reno has joined the Canada Drives executive team as CTO. As Canada Drives continues to expand its vehicle buying and selling platform, the company said Reno will oversee product engineering teams and the technical direction of current and future products to ensure we are implementing the newest technologies to better serve its customers. According… Read More »Canada Drives hires new CTO to build on 2021 growth

Online used-car retailers lean in to consumer cars

CARY, N.C. –  These days, you’re bound to find “pop-up” events that range from holiday markets to yoga classes. You can now add selling your car to that mix. Online used-car ecommerce platform Shift was set to host a “Car to Cash” pop-up event in the Los Angeles area this past weekend to acquire cars from consumers. The event, which was to be located at Santa Anita Park in Arcadia, Calif., gave consumers the chance to have to have their vehicles evaluated (with no obligation) and potentially purchased. Shift was making… Read More »Online used-car retailers lean in to consumer cars

PODCAST: What it’s like having 5 generations in today’s workplace

Monday, Jan. 24, 2022, 03:53 PM CARY, N.C. –  When she was part of the panel discussion at Used Car Week 2021 with the other Women in Auto Finance honorees, Colletta Bryce mentioned how some workplaces can have as many as five different generations nowadays. In this episode of the Auto Remarketing Podcast, the senior director of HR business partners at NextGear Capital described the dynamics of potentially having someone in their 20s working alongside someone in their 70s, as well as how the ongoing pandemic has impacted both employees and… Read More »PODCAST: What it’s like having 5 generations in today’s workplace

Dealerlogix gains vendor certification from Audi

DENVER –  Dealerlogix gained two positive developments associated with its endeavors to be a provider of cloud-based solutions for fixed operations departments of franchised and independent dealerships in the U.S. and Canada. Dealerlogix announced it received certification by Audi of America as a preferred vendor for Audi dealerships nationwide. And included in the news release, the company also received a ringing endorsement from David Padgett, who is vice president of fixed operations at Sonic Automotive and has been in the industry for 38 years. “Dealerlogix is the best fixed ops solution… Read More »Dealerlogix gains vendor certification from Audi

Widewail launches tool to capture video reviews for dealers

Monday, Jan. 24, 2022, 01:23 PM BURLINGTON, Vt. –  Dealer reviews potentially could go one step further in helping stores maintain their reputations via a new tool from Widewail. On Monday, the customer review and reputation management solution introduced a new offering targeted to automotive dealers called Invite Video. Widewail explained Invite Video can empower dealer managers and staff by capturing customer video testimonials and leveraging social media sharing to shape the message about their dealerships. “Research shows more than 90 percent of customers look up reviews before visiting an automotive… Read More »Widewail launches tool to capture video reviews for dealers