Category: Used Cars

This Company Wants to Change How We Buy and Sell Used CarsThis Company Wants to Change How We Buy and Sell Used Cars

March 17, 2023| 3:51 pm

Dealerships handle the vast majority of vehicle sales in the United States. That in mind, private-party purchases are an important part of the American car market, despite the lack of many security and financial services that come with dealer transactions. Caramel is striving to change that with a new e-commerce platform aimed at improving the private-party sale process by providing dealer-like services to individual buyers and sellers. Disclaimer: Roads & Tracks‘s parent company, Hearst, has invested in Caramel. Ask Americans how they feel about car dealerships, and there won’t be many positive responses. But financing a private-party purchase [...]

Fixing Multiple Problems Simultaneously: Powerful Geometry Modifications in SimulationFixing Multiple Problems Simultaneously: Powerful Geometry Modifications in Simulation

March 16, 2023| 9:15 am

Introduction Most of the time, we think of things in reference to the extremes so we can better understand them. It is like reflecting on the statement, “The worst that could happen is…” We try to protect against the conditions that would cause the biggest problem or the least favorable outcome. It’s not too painful to learn you could have had another 5 mm of blank savings in your process if production rates are high. It would be far worse to have a process that saved $0.20 per blank but with scrap rates consistently over 30% and requiring [...]