If you have you ever bought a used car online without going to an auction, then you have utilized Online Ringman technology.And you probably never knew the remarkable company that made it all possible—Xcira, and its visionary leader, Nancy Rabenold.
Since 1999, Xcira has quietly provided the asset disposition technology and online solutions for major auction companies worldwide including ADESA and Manheim.
OnLine Ringman has been the online live auction solution that literally helped to transform the vehicle remarketing industry by enabling dealers, buyers, and remarketers to buy vehicles while sitting in their offices.
This technology gave the industry a simulcast capability while protecting the brands of major auctions, consignors, and OEMs.
Hear and see Xcira’s leader, Nancy Rabenold, tell how Xcira’s technology and knowledge has impacted and changed the way dealers and remarketers buy and sell used cars and trucks at auction.
News You Need to Know
View All In case you missed it over the Memorial Day weekend, Autobytel has acquired Dealix, a move that puts a leading provider of online automotive services that connects consumers with dealers --- together with Dealix Corporation and Autotegrity, Inc. --- for $25M cash.The acquisition adds approximately 600 retail new dealers and 300 retail used dealers to the Autobytel network, for a combined total of approximately 4,954 dealers.Three of the most substantive benefits to the dealer clients of both companies are enhanced analytics, consumer acquisition strategies, & product development teams. V2V or Vehicle to Vehicle communications that will avoid car accidents are being perfected by advancing research, development, and testing.More than One Million people are killed by automobiles worldwide every year, including over 30,000 deaths and 5M crashes in the U.S. alone.This breakthrough technology in cars that talk to each other will avoid accidents, loss of life, and extensive vehicle damage.V2V is said to have a greater impact on vehicle safety than autonomous or self-driving vehicles. Linking cars wirelessly will have a big effect on road safety.Vehicle manufacturers face complex challenges from car computers processing data, hackers, and human interface issues but GM, U of Michigan and NHTSA working to solve all constraints. Is the current $336B Subprime auto loan boom about to implode and become like the subprime mortgage bust of the past?
Auto loan funders and securitization underwriters are investing heavily. Credit standards are being relaxed. Lenders and dealers are going ever-deeper into subprime auto loans including Buy Here Pay Here lending programs
Therefore, dealers must pay attention and be vigilant. This Thought Leader Series posting from David Meyer, Executive VP of Spireon outlines how GPS Tracking is a savvy solution for dealers to adopt for better security and risk abatement practices in subprime auto lending
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View All du Toit joins Black Book from Jacada, Inc., where he was the executive director of Product Management and led the company’s transition from on-premises systems to cloud-based SaaS products. He has worked globally in product development in England, South Africa, and Hong Kong and co-founded a successful technology company that specialized in Web and Enterprise systems architecture and implementation.
He earned a BS in Computer Science from Rhodes University in South Africa and holds a JD from Concord Law School and is admitted for practice in the State Bar of California.
Follow The Leaders
Why the selection of Subaru of Las Vegas as Dealer of the Month by the Autobytel Dealer Awards Program is significant to other dealerships:
• Dealership has been an active Autobytel Dealer for many years
• Responds to Autobytel Sales leads with Texting and Chat
• Store team was surprised by the success of the Autobytel Lead Program
• Active Internet Sales Department lead by Christian
• Small Store and nimble staff with only the Subaru Brand
• Dealership Philosophy & Pricing strategy that sells cars
• Quality of the Subaru product line factor in success
• Sales force is non-commissioned which is unusual
• Dealership seeks to be like & act like an Apple Store
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