John Sternal's Blog – February 2025 Archive (5)

The Leading Role Digital Platforms Will Play In Helping Dealers Source Quality Used EVs

The electric vehicle (EV) market continues to show continued growth, driven by consumer demand for environmentally friendly transportation options and supported by government incentives. As of the fourth quarter of 2024, used EV sales have surged by 62.6% compared to the previous year, making them a highly sought-after commodity for auto dealers looking to bolster their inventory1.

 

EV share of the total light-vehicle market reached 9.9% in December 2024, a…

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Added by John Sternal on February 26, 2025 at 12:21pm — No Comments

Understanding How The U.S. Treasury Views The Use of AI in Auto Retail & Finance

On December 19, 2024, the U.S. Department of the Treasury published a comprehensive report examining the applications, benefits, and challenges of Artificial Intelligence (AI) in the financial services sector. This report expands on the Treasury's previous research, including its March 2024 analysis of AI-related cybersecurity risks, and incorporates insights from over 100 stakeholders who responded to the June 2024 Request for Information (RFI). By delving into emerging trends, challenges,…

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Added by John Sternal on February 25, 2025 at 3:35pm — No Comments

PROTECTIVE ASSET PROTECTION UNVEILS ITS 2024 F&I ANNUAL UPDATE REPORT

ST. LOUIS - (February 18, 2025) – Protective Asset Protection, a leading provider of F&I programs and services, announced today its highly anticipated 2024 F&I Annual Update Report. The comprehensive report offers valuable insights into the current state of the automotive industry, focusing on F&I product trends and how dealers are maximizing F&I product options to continually address consumer affordability challenges.…

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Added by John Sternal on February 18, 2025 at 9:39am — No Comments

BotDoc.io Unveils Alarming Cybersecurity Trends in Auto Dealership Industry

Monument, Co., February 5, 2025 - BotDoc.io, a leading provider of secure file transfer and identity verification solutions, today released the results of a comprehensive 2025 Auto Dealership Cybersecurity Survey. The findings reveal critical gaps in the industry's cybersecurity and data security preparedness, serving as a wake-up call for dealerships nationwide.

 

Data Protection Among Largest Gaps

The online survey, conducted in…

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Added by John Sternal on February 12, 2025 at 10:57am — No Comments

PrivateAuto Partners with Recurrent to Empower EV Owners with Seamless Vehicle Listing Options

New Partnership Allows Recurrent Users to Effortlessly List Their Electric Vehicles for Private Sale on PrivateAuto’s Secure Platform  

Alpine, Utah – (February 11, 2025) – PrivateAuto, the only end-to-end transactional marketplace for private-party vehicles, today announced its partnership with…

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Added by John Sternal on February 11, 2025 at 11:20am — No Comments

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