Digital Retailing Archives

And consolidation goes on

There have been two announcements today, PureCars announced its acquisition of truPayments, LLC and XLerate Group has purchased Liquid Motors, Inc. Roadster was purchased by CDK Global less than a month ago. I believe we will see a slew of similar announcements in the next 18 to 24 months. By...

July 12, 2021

Auto finance influencers discuss future of fintech – 1 of 5 – with Michael Jarman

Digital Retailing Latest News

Auto finance influencers discuss future of fintech – 1 of 5 – with Michael Jarman

Source: Auto Fin Journal CARY, N.C. — Auto Fin Journal reached out to a variety of companies for a recent project dubbed, Auto Finance Influencers: Leading Innovation for the Industry. Five industry leaders from Ally Financial, Exeter Finance, GM Financial, TurboPass, and...

July 12, 2021

CEO of DecisioningIT, Rosa Hoffmann, Shares How Dealers are Increasing Sales and Customer Satisfaction

Automated Decisioning Automotive Finance Automotive Lending Car Dealerships Digital Retailing F&I Latest News Non-Prime Financing Prequalification

CEO of DecisioningIT, Rosa Hoffmann, Shares How Dealers are Increasing Sales and Customer Satisfaction

by Sarah Marie June 28, 2021 in Business (New York Weekly) More non-prime consumers are getting behind the wheel now than ever before thanks to DecisioningIT. The fin-tech framework company uses an AI loan-matching platform that allows dealers to match...

June 29, 2021

Cox Automotive Pres. Steve Rowley discusses his perspective on the future of auto retail

Car Dealerships Digital Retailing Latest News

Cox Automotive Pres. Steve Rowley discusses his perspective on the future of auto retail

On today’s show, we sit down with the new President of Cox Automotive, Steve Rowley, to discuss his first nine months as President and his perspective on trends across the retail automotive industry. Rowley has 33 years of experience in telecommunications...

June 27, 2021

What is driving the IPO rush in automotive technology? Which auto startup received $2.5B of additional funding?

Automotive Finance Digital Retailing Latest News

What is driving the IPO rush in automotive technology? Which auto startup received $2.5B of additional funding?

By Steve Greenfield, June 2021 (CBT News) – Wall Street’s record-breaking run for stock market flotations shows no signs of slowing down. With more than six months until the year ends, U.S. IPOs have already totaled $171 billion dollars, eclipsing...

June 21, 2021

Score another one for offering more F&I products online

Digital Retailing F&I

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