Articles

Wrap It Up - We'll Take 2021 Auto Finance Growth

The year 2021 is one for the record books for many reasons, some too obvious to state. Despite a tumultuous year for the industry as a whole, the growth in automotive finance and used car sales made up for some of the burden of the chip shortage that thwarted the growth of the new car segment.

Articles

Used Car Sales - Every Day is a Holiday

As we approach cooler weather, with used cars still a hot commodity, will the market experience the traditional ebb and flow through the holiday season? The used car industry has enjoyed an unprecedented demand in the last 18 months and continues to thrive

Articles

Tis Always The Season For Used Car Sales

Neither snow nor rain nor heat nor gloom of night stays these couriers from the swift completion of their appointed rounds.” The famous words from Herodotus, which are attributed to the Postal Service, are like a noble badge of honor.

Articles

Car Dealerships Surviving Summer Weather Blues

As usual, the season began promptly in June with one of the first major storms on June 25th in Michigan. The Jefferson North Assembly Plant was hit hard, losing 25 vehicles, with an average cost of $40,000, tallying to around $1,000,000 in unsalvageable vehicles.

Articles

Tech-Savvy Independent Car Dealers Win

Cash flow is king. This is a mantra we all learned many years ago. This holds especially true for the independent car dealer. The shutdown of 2020 threw many for a loop and far too many independents out of business, even as the demand for used cars increased.

News

Automatic Is Attending The 2021 NIADA 75th Annual Convention & Expo

Automatic will be at the upcoming 2021 NIADA 75th Annual Convention & Expo in San Antonio, Texas. Come by booth 726 from Monday 8/23 to Thursday 8/26 and learn more about the Automatic platform.

Articles

The Smokin’ Hot Used Vehicle Market

A sizzling market means only one thing, short supply & high demand. The principles of economics don’t change, but the market sure has. One of the factors is the microchip shortage for new car manufacturing,

Articles

The Inflation We're Seeing Is Affecting The Auto, Used Auto Market

What is inflation? In its most simplistic form, inflation is the general rise of prices in a given economy which in turn reduces the general consumer’s purchasing power.

Articles

A Primer on Asset Back Securities

There are many different uses for this type of security and they are important in many industries including the automotive, motorsport, boating, and real estate fields.

Articles

Dealer Financing Keeps America Rolling

Are you chomping at the bit to finally break free and take that much-deserved road trip? Join the millions that will be taking to the highways this summer. In a recent survey from Harvest Hosts, 60% of Americans will be traveling more than they did in 2020 and 2019

Articles

Electric Vehicles, The Evolution of Transformation

The buzz around Electric Vehicles (EV) continues to make headlines as we see more global adoption. In a recent study by Allied Market Research, the Global EV market was $162 billion in 2019 & projected to be valued at $802.81 billion by 2027

Articles

The Future of Automotive: Production and Distribution

Technology is increasingly becoming an impactful and a more important part of the way we live our lives. It is here to stay, and it is taking over the automotive industry in both the production and distribution of vehicles.

Articles

When First We Practice To Deceive . . . Automotive Loan Fraud On The Rise

Auto loan fraud on the rise as value and scarcity rise in the used auto market.

Articles

Where Are The Best Car Deals, In-Store or Online?

The automotive industry has been evolving more rapidly in the last 10 years than ever before. According to CoxAuto, consumers visit an average of 4.2 websites when car shopping, with 81% visiting at least 2 websites.

Articles

The Shared Pain Points Between Dealerships and Customers During Covid-19

Automatic is an auto dealership management financing platform that removes shared pinpoints between customers and used auto dealerships during COVID-19.

Articles

Upgrading the Used Car Financing Experience

With the Automatic software, used auto dealers can get consumers approved for multiple loans much faster than the traditional lending process,” And it’s all transparent. We want the auto dealerships to be able to see everything, so they can work with the consumer to figure out what auto financing best fits their needs."

Articles

The Automotive Race To Phygital

Embracing your phygital brand identity is both critical and overwhelming. As an automotive dealer, or any retailer, It’s easy to get swept up in the frenzied race to harness customer data, streamline your channel strategy and employ the latest tools and apps to increase sales and customer experience.

Articles

COVID-19 Has Car Dealers Flipping The Script

Have you received an unexpected call yet from your local automotive dealer asking to buy your car? Yes, you heard right - dealers are flipping the script and aggressively seeking consumers that wish to sell their personal cars.

News

Alpha Warranty Services has teamed up with Automatic

Alpha Warranty Services and Automatic, have formed a partnership to provide their valuable services together in one place. Alpha, will combine services with Automatic, enabling the collaboration between auto lenders and dealers, and Alpha Warranty Services providing complete and reliable vehicle service contract plans.