If auto finance companies want a sharper glimpse at just how good the collateral attached to the vehicle installment contract they are underwriting might be, new tools arriving this week from CCC Information Services and LexisNexis Risk Solutions might have some ancillary benefits. CCC announced the availability of Artificial Intelligence-powered capabilities that use computer vision […] [Read More]

Dealers who employ the Selly Automotive CRM can now make critical inventory decisions with the help of a newly added market intelligence tool for inventory and pricing. The company announced Friday that it has partnered with VINFactor to make its market intelligence tool available to dealers via the Selly Automotive CRM. “We have been working […] [Read More]

As the online used-vehicle retailer shared some preliminary estimates of its first-quarter performance, Carvana announced another partnership on Tuesday; this time with SpringboardAuto. Carvana and SpringboardAuto have teamed up to offer SpringboardAuto customers a seamless, end-to-end vehicle finance, purchase and delivery experience for Carvana’s national vehicle inventory of more than 11,000 units. Officials indicated the […] [Read More]

Thanks to in-car technology, the modern vehicle often doubles as an infotainment center or satellite office. And with Amazon’s latest foray in automotive, certain cars can now moonlight as your mailbox or package receiving center. On Tuesday, the tech giant announced an expansion of its Amazon Key in-home delivery/keyless guest access platform to include in-car delivery. […] [Read More]

LotLinx announced Tuesday that founding IAB Chairman Rich LeFurgy will join the company's board of directors. The company said LeFurgy, who has been an adviser or investor in over 60 digital advertising companies, brings expertise with programmatic data, mobile, social and AI, including over 20 years of experience in advertising. LeFurgy currently serves as general partner and founder […] [Read More]

CDK Global has acquired Progressus Media to grow the technology and capabilities of its CDK Advertising business. The company recently announced that the transaction closed for an undisclosed amount earlier this month, and it has also appointed Jen Cole to head CDK Advertising as vice president and general manager. “We are excited to bring the Progressus Media […] [Read More]

Given the rise of mobility-focused technology, the manner in which people take care of their transportation needs is changing. And the same could be said for companies with vehicle fleets. Along those lines, LeasePlan — which manages the entire vehicle lifecycle for clients, including purchasing, maintenance and resale — has formed a partnership with Lyft. […] [Read More]

With the test drive in mind, Autotrader takes consumers on a visual journey via its latest national ad campaign that features a simulated racecourse packed with several speeding vehicles to illustrate the online car shopping site's key offerings since its revamp. The new ad highlights the site’s latest performance enhancements, including the addition of Kelley Blue Book Price […] [Read More]

Traditionally, a typical visitor on NADAguides.com — a site known primarily for vehicle pricing and values — would likely be on the lower end of the car-shopping funnel. They know the specific year, make and model of the car they’re looking to buy or trade; they’re “about ready to pull the trigger on a transaction,” said […] [Read More]

After working closely with MAXDigital during his time spent as chief operating officer at CARite, Michael Cavanaugh has been brought aboard to serve as MAXDigital head of strategic partnerships, the company announced Friday. Under Cavanaugh’s leadership, the national network of car dealers grew from nine stores to 25 stores, according to MAXDigital, a current CARite customer. Cavanaugh, who brings more than two decades […] [Read More]