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More dealers use CarGurus, TrueCar than other digital platforms

When it comes to dealerships’ digital functionality and presence, CarGurus is the most widely used third-party digital platform, according to new data from an Auto Finance News dealer insights survey. The survey tapped a sampling of dealers nationwide to unveil digital trends directly from the showroom. Among dealers surveyed, 45% said they leverage CarGurus’ platform, a marketplace […]

Clutch Technologies debuts fleet-valuation tool for subscription service providers

Clutch Technologies, a software company focused on subscription and mobility services, launched two tools this week for dealers and manufacturers to manage fleet size, mix, and usage. The first product addresses fleet valuation by leveraging remarketing data from Cox Auto subsidiaries Manheim, Kelley Blue Book, and Cox Automotive Data Solutions (CADS). The tool provides wholesale […]

Mercedes-Benz Subscription Program Triggers Finance Opportunities

An expansion of Mercedes-Benz’s subscription service is likely to spur new financing opportunities for the captive, Mercedes-Benz Financial Services USA, Vice President Geoff Robinson told Auto Finance News. “We are seeing subscribers use the program as a stepping stone to financing and leasing,” he said. “There certainly have been more doors opened for us because […]