Digital Retailing Archives

Score another one for offering more F&I products online

In a recent blog post by JACKIE CHARNIGA, we learn that dealerships believe a more diverse lineup of F&I products with different coverage tiers helps sell those products to digital retailing customers Source: https://www.autonews.com/fi-blog/score-another-one-offering-more-fi-products-online Extract: In a survey of 500...

June 16, 2021

Consumer Credit Digital Retailing

Autotrader’s My Wallet can generate specific financing details during online shopping journey

Well done Jessica Stafford & Autotrader US! When making a large purchase decision like buying a vehicle, Autotrader stressed that consumers need to understand not only how it fits into the overall big picture of their finances but also how it impacts their...

June 7, 2021

Canada Drives expands online car-buying platform to Ontario

Car Dealerships Digital Retailing

Canada Drives expands online car-buying platform to Ontario

Thursday, May. 27, 2021 Canada Drives announced Thursday it has expanded its online vehicle-shopping and “to-your-door” delivery platform into Ontario. It debuted the platform in British Columbia last fall, a spokesperson confirmed, and plans to continue to expand throughout the...

May 27, 2021

DRIVING INSIGHTS: Canadians’ attitudes toward buying cars online have changed

Car Dealerships Digital Retailing

DRIVING INSIGHTS: Canadians’ attitudes toward buying cars online have changed

When we first asked car buyers if they would like to buy their next vehicle online, it was late 2019 and only 12% of Canadian used-car buyers were ready to buy entirely online. Since then, the process of buying a vehicle...

May 24, 2021

DealerSocket part of 2 pending acquisitions by Solera

Digital Retailing Latest News

DealerSocket part of 2 pending acquisitions by Solera

Identifix, Inc. / Solera Holdings announced that it will acquire DealerSocket as well as Omnitracs, a complete fleet management platform. “Solera is the driving force behind the rapid digitization of the vehicle lifecycle, delivering intelligent, data-driven, mission-critical solutions for our customers,” Solera chief executive...

May 17, 2021

Partnership with Roadster allows TrueCar users to finalize their deal online

Automated Decisioning Digital Retailing eContracting F&I Prequalification

Partnership with Roadster allows TrueCar users to finalize their deal online

TrueCar president and chief executive officer Mike Darrow said that through the pilot program, TrueCar consumers at select dealerships will be able to build real car deals digitally. That includes finance terms. TrueCar said the enhancement addresses what it describes as pain...

May 10, 2021

What does Volvo’s direct-to-consumer sales strategy mean for car dealers – Don Hall, VADA

Car Dealerships Digital Retailing eContracting Latest News

What does Volvo’s direct-to-consumer sales strategy mean for car dealers – Don Hall, VADA

Electric vehicles sales will be moving solely online by the year 2030. Don Hall, President & CEO of the Virginia Automobile Dealers begins the conversation by discussing the issues related to manufacturers selling directly to consumers. The main issue is that...

May 4, 2021

Automotive Finance Digital Retailing

Rosa Hoffmann, DecisioningIT CEO

April 22, 2021 – The Canadian Lender Association (CLA) Auto Fintech Lending panel included our own Rosa Hoffmann but also Ilja Troitschanski from Axis Auto Finance, Tyler Thielmann from Canada Drives, Jason Appel from GoEasy and was moderated Amir Tajkarimi...

April 22, 2021

Which automotive startup received a $4B valuation? What is the current state of the SPAC market?

Digital Retailing Latest News

Which automotive startup received a $4B valuation? What is the current state of the SPAC market?

Steve Greenfield: Unless you’ve been living under a rock, you’ll know well that the popularity of SPACs, also called blank-check companies, has soared in the last year. While 2020 saw 248 SPACs go public, raising $83 billion dollars, this year...

April 9, 2021

CarMax to acquire full ownership of Edmunds

Car Dealerships Digital Retailing Latest News

CarMax to acquire full ownership of Edmunds

After purchasing a minority stake in the company in early 2020, CarMax said Thursday it will acquire the remaining shares of Edmunds. The retailer invested $50 million in the online car shopping guide [2] in January 2020, acquiring a minority...

April 2, 2021