digital retailing Archives

More positives from Wolters Kluwer Auto Finance Digital Transformation Index

Analysis by Wolters Kluwer Compliance Solutions from its Q4 Auto Finance Digital Transformation Index showed adoption of digitized contracting and documentation workflows by auto retailers and their financing partners that foster back-office efficiencies saw a noticeable jump to close last...

February 3, 2025

CarGurus Launches Digital Retail Platform to Streamline Car Buying in Canada

Digital Retailing

CarGurus Launches Digital Retail Platform to Streamline Car Buying in Canada

CarGurus has unveiled its new Digital Deal platform, aimed at creating smoother connections between dealerships and car shoppers ready to buy in Canada. This platform allows consumers to initiate financing applications online for eligible new and used vehicles, schedule appointments,...

November 5, 2024

The Amazon-Hyundai Partnership – Transforming Car Buying and Customer Experiences

Digital Retailing

The Amazon-Hyundai Partnership – Transforming Car Buying and Customer Experiences

The partnership between Amazon and Hyundai has been a headline-grabber since its announcement, signaling a shift toward a more digitally integrated car-buying experience. In a recent episode of Inside Automotive, Andy Wright, Managing Partner of Vinart Dealerships, shared his insights...

November 1, 2024

Navigating the Digital Shift: The Increasing Need for Advanced Credit Application Solutions in Auto Financing

Automated Decisioning Automotive Finance Car Dealerships

Navigating the Digital Shift: The Increasing Need for Advanced Credit Application Solutions in Auto Financing

The automotive finance industry is at a pivotal juncture, with digital transformation reshaping traditional business models and consumer interactions. A recent industry survey, commissioned by Wolters Kluwer and echoed by independent research conducted by DecisioningIT, has brought to light the...

January 22, 2024

AutoCanada Expands Ownership in Digital Auto Sales, Bolsters Online C2C Finance and Insurance Segment with Major Investment

EDMONTON, AB – AutoCanada Inc., a leading Canadian automobile dealership group, recently announced a significant stride in consolidating its digital automotive sales sector. In a landmark move, the company confirmed receiving a $25 million investment from iA Financial Group for...

January 5, 2024

Online Vehicle Transactions and F&I Product Offerings: An Insight into the Future of Automotive Retail

Digital Retailing F&I

Online Vehicle Transactions and F&I Product Offerings: An Insight into the Future of Automotive Retail

The rapidly evolving automotive retail landscape was recently highlighted in a comprehensive industry survey undertaken by Protective Asset Protection. Their aim was to grasp the current trends in online vehicle transactions and F&I product offerings from dealerships throughout the U.S....

October 13, 2023

How our AI Technology Helps Canadian Auto Dealers Reduce Bias

Artificial Intelligence

How our AI Technology Helps Canadian Auto Dealers Reduce Bias

Bias in auto financing arises when sales managers, business managers and even lenders makes sales or loan decisions based on perceptions rather than facts. Such decisions might stem from unconscious prejudices, such as a customer’s perceived reliability or their postal...

October 8, 2023

Revolutionizing Car Sales: CDK’s Insightful Survey and SAM’s Advanced Solution

Car Dealerships Digital Retailing

Revolutionizing Car Sales: CDK’s Insightful Survey and SAM’s Advanced Solution

In the dynamic landscape of car buying, speed and convenience are becoming increasingly vital. CDK Global’s recent survey provides revealing insights into the intricacies of modern-day car purchasing experiences, emphasizing the urgency of a more streamlined process. Enter SAM, the...

September 15, 2023

<strong>Why are customers less satisfied with the car buying experience?</strong>

Uncategorized

Why are customers less satisfied with the car buying experience?

Source: CBT News. Dealers have transformed the car buying experience with customers in mind, but many question the success of these changes. Recently, Cox Automotive published its 13th annual Car Buyer Journey Study, which analyzes changes in the buyer experience. Researchers surveyed 10,000...

February 20, 2023

Fraud

95% of Dealers are Not Doing Enough in Their Stores or Online to Prevent Fraud

By Ken Hill, Managing Director, 700Credit – Source: https://digitaldealer.com/latest-news/95-dealers-not-enough-stores-online-prevent-fraud/ Yes, it’s true, more people are shopping and buying cars and trucks online. Research firm Frost and Sullivan forecasts six million cars will be sold online around the world in 2025....

November 5, 2022