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Deal combines automotive industry's leading AI-driven customer interaction and call performance training solutions.
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Facing a slow start to the year, and with concerns over inflation and the economy, automobile dealer sentiment softened in Q1, marking the third consecutive quarter-over-quarter decline in current market sentiment.
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The combination of vehicle owners needing service more often due to accumulating mileage at pre-pandemic levels along with the disruption of the auto parts supply chain and significant staffing shortages is causing auto dealership service departments to navigate unique capacity challenges.
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The Ukraine invasion has ramped up the price of metals used in vehicles and OEMs likely will pass these costs on to consumers.
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Experts predict the Russian invasion of Ukraine could slash global production of new cars and trucks by millions of units in 2022.
Read More →One year after Cox Automotive acquired Fyusion, the brands are deploying advanced mobile and fixed imaging, benefitting clients across Manheim locations as they journey toward automated damage detection.
Read More →One year after Cox Automotive acquired Fyusion, the brands are deploying advanced mobile and fixed imaging, benefitting clients across Manheim locations as they journey toward automated damage detection.
Read More →One year after Cox Automotive acquired Fyusion, the brands are deploying advanced mobile and fixed imaging, benefitting clients across Manheim locations as they journey toward automated damage detection.
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Declines in wholesale prices continued last week, despite an improvement in conversion rates.
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Funding round supports further expansion and solidifies AutoFi’s position in the changing landscape of automotive retail.
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