digital retailing Archives

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

Wolters Kluwer: Digital transformation continues even as retail sales slow

Digital Retailing

Wolters Kluwer: Digital transformation continues even as retail sales slow

Source: www.autoremarketing.com/autofinjournal/wolters-kluwer-digital-transformation-continues-even-retail-sales-slow Wolters Kluwer recently announced third quarter results and analysis from its Auto Finance Digital Transformation Index, a key resource that tracks the rate at which auto dealers, service providers and finance companies are seeing growth in the evolution...

November 2, 2022

TrueCar acquires Digital Motors to reinforce TrueCar+ marketplace

Digital Retailing Latest News

TrueCar acquires Digital Motors to reinforce TrueCar+ marketplace

Acquisition to help accelerate TrueCar+ product roadmap by expanding e-commerce capabilities SANTA MONICA, Calif., June 6, 2022 /PRNewswire/ — TrueCar, Inc. (NASDAQ: TRUE), the easiest, most efficient and transparent online destination for buying and selling new and used vehicles, today announced its acquisition of Irvine, California based...

June 7, 2022

eContracting

Car shoppers, dealers, lenders saw e-contracting boom in 2021

9 million out of 28 million auto finance transactions involved electronic paperwork, Wolters Kluwer finds Source: AutoNews – A third of all new and used auto financing deals last year involved an electronic contract, a figure reflecting a significant increase...

June 1, 2022

CarGurus’ New Digital Deal Solution Enables Dealers to Sell More Cars Through Access to Today’s Online Shopper

Digital Retailing

CarGurus’ New Digital Deal Solution Enables Dealers to Sell More Cars Through Access to Today’s Online Shopper

Digital Deal delivers purchase-ready consumers through streamlined online-to-in-store buying experience May 11, 2022 09:00 ET | Source: CarGurus, Inc. CAMBRIDGE, Mass., May 11, 2022 (GLOBE NEWSWIRE) — CarGurus (Nasdaq: CARG) today announced an expansion in its automotive retail offerings with the launch...

May 11, 2022

DecisioningIT named Top 50 Most Innovative Companies to Watch 2022

Automated Decisioning Automotive Finance Automotive Lending Consumer Credit Credit Approvals Digital Retailing F&I Non-Prime Financing Prequalification

DecisioningIT named Top 50 Most Innovative Companies to Watch 2022

Humans have been thriving on innovation since the dawn of time. Technology innovation was a game changer in human lifestyle, and we haven’t looked back since. With an array of technological solutions for almost every problem, technology began to grow,...

May 1, 2022

Car Buyers Report Higher Satisfaction When Using Digital Financing Tools, New Cox Automotive Study Shows

Automotive Finance Digital Retailing

Car Buyers Report Higher Satisfaction When Using Digital Financing Tools, New Cox Automotive Study Shows

ATLANTA, April 26, 2022 – Cox Automotive – Though only 29% of buyers applied for financing online for their most recent vehicle purchase, 96% of those surveyed are willing to do so, according to a new study published by Cox Automotive....

April 28, 2022

Capital Automotive Group Launches RideShift, A New Fully Online Car Buying

Automated Decisioning Automotive Finance Automotive Lending

Capital Automotive Group Launches RideShift, A New Fully Online Car Buying

RideShift, the e-commerce brand powered by Capital Automotive Group, offers customers in the Carolinas and nation-wide a fully automated, shop-to-buy-to-delivery experience in a matter of minutes. RideShift provides customers with the visibility to see pre-qualified payments on thousands of pre-owned...

April 20, 2022

DecisioningIT Named Among 50 Leading Companies of the Year 2022 by The Silicon Review Magazine

Automated Decisioning Automotive Finance Automotive Lending Car Dealerships Consumer Credit Digital Retailing F&I

DecisioningIT Named Among 50 Leading Companies of the Year 2022 by The Silicon Review Magazine

Achieving a prominent position in the industry gives a company several advantages: pricing power, brand recognition, and a loyal customer base. A business should first aspire to lead its local markets before planning for worldwide industry domination. So what makes...

April 14, 2022