acquisitions Archives | Auto Remarketing

IHS Markit acquisition to help boost emissions compliance

IHS Markit has worked closely with Novation Analytics in recent years. The companies have helped original equipment manufacturers and suppliers meet the challenges of emissions compliance, said IHS Markit vice president of automotive planning solutions Tim Armstrong.

The companies will continue working closely together, as information and analytics company IHS Markit announced on Thursday it had acquired Novation Analytics, which provides software, data analysis and advisory services to the automotive industry.

The modeling of vehicle energy efficiency and CO2 emissions compliance is the focus of Auburn Hills, Mich.-based Novation Analytics. Greg Pannone and Heidi Schroeder lead the team.

“Having the team on board will help us scale our capabilities as we plan to bring new solutions to the market beyond the CO2 emissions sector,” IHS Markit’s Armstrong said in a news release.

Pannone added, “Car emission compliance is becoming ever more challenging for auto manufacturers.”

He continued, “Being part of the IHS Markit family enables us to provide a more holistic emissions modeling and simulation for automotive manufacturers and suppliers.”

Carvana activity continues with central Florida expansion

Before Wednesday, Carvana already had a strong presence in Florida. That presence got even stronger as the company announced it would expand in central Florida, offering as-soon-as-next-day vehicle delivery to Lakeland and North Port.

Carvana founder and chief executive officer Ernie Garcia said in a news release that some of the company’s earliest markets were in Florida and that residents of the state were some of the earliest adopters of “The New Way to Buy a Car.”

“We are confident that Lakeland and North Port area residents will join them and welcome the transparency and ease of buying their next car online,” Garcia said.

With the Lakeland and North Port launches, Carvana now offers as-soon-as-next-day vehicle delivery in seven Florida markets and 131 markets across the United States.

The Florida announcement follows activity from the company in May, which included launches in Maryland, Virginia  and Wisconsin.