Digital Retailing Archives

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

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

Google’s Head of Automotive Retail Lissette Gole, discusses 4 industry trends caused by the COVID-19 pandemic

Car Dealerships Digital Retailing Latest News

Google’s Head of Automotive Retail Lissette Gole, discusses 4 industry trends caused by the COVID-19 pandemic

Lissette Gole, Head of Automotive Retail for Google, begins the conversation by discussing four trends in which the industry experienced change due to the virus. The first trend is online retailing. Customers are ready to embrace online car buying as...

March 12, 2021

Consumer perceptions about pre-qualification still uncertain

Consumer Credit Credit Approvals Digital Retailing Prequalification

Consumer perceptions about pre-qualification still uncertain

CAMBRIDGE, Mass. – The CarGurus consumer sentiment study focused on auto finance found a significant portion of participants said that receiving pre-qualification for financing before visiting the dealership would be useful. “Our research found that consumers are eager to purchase a vehicle...

March 10, 2021

Brian Pasch on the benefits of transparency in modern retailing

Car Dealerships Digital Retailing

Brian Pasch on the benefits of transparency in modern retailing

Do you agree or disagree?Should dealers offer full transparency on vehicle pricing? I’d like to hear you guys on that. I’m asking you in reaction of an article on CBT news on Brian Pasch and the benefits of transparency in...

March 4, 2021

Car Dealerships Digital Retailing Latest News

We Already Do That!

Have you ever pronounced this phrase? I know I have! As a dealer principal, I get calls that make it up the chain, and fall to my voicemail… or worse if I pick up the phone!I now have to deal...

February 25, 2021

Ford & dealers launch online used-car marketplace

Automated Decisioning Digital Retailing

Ford & dealers launch online used-car marketplace

Ford Motor Company has partnered with its dealers to launch a digital used-vehicle marketplace, launching Thursday Feb 12 during NADA Show 2021. “We can now connect the right shopper to the right pre-owned Ford vehicle faster than ever,” Ford VP of...

February 11, 2021

Digital Retailing Latest News

Dealertrack: Today’s Solutions for Today’s Challenges

[1-min Video]: Solutions for today’s challenges Great marketing video made by Dealertrack, released in time for the Cox Automotive Experience and the 2021 National Automobile Dealers Association (NADA). But it misses a very important component that more and more Auto and Fintech...

February 11, 2021