Missouri-based Clement Auto Group has expanded to Ohio with the acquisition of Mansfield Motor Group, according to a news release from Performance Brokerage Services. Mansfield is a family owned three-rooftop Honda, Nissan and Volvo group based in Mansfield, Ohio, and led by Dirk Schulter and Brett Schulter. Clement Auto Group, based in the Greater St. […] [Read More]

Here’s a misconception: Shipping electric vehicles is a lot different than shipping gasoline vehicles. “In reality, the process is … nearly identical,” said Chris Velazquez, vice president of sales at Montway Auto Transport. Velazquez, however, notes one main difference: vehicle weight. The dimensions of a gasoline-powered Honda CRV are about the same as a CRV […] [Read More]

From Sept. 28 through Oct. 1, the NAAA World Remarketing Convention will return to Seattle after over 20 years. According to National Auto Auction Association president Eddie Lafferty, bringing the event, which will be held at The Westin Seattle, back to the city is the perfect setting for a gathering that focuses on the auto […] [Read More]

After an initial focus on electric vehicles, Autonomy said Wednesday it is adding gas-powered vehicles to its car subscription platform, starting with a range of Ford models. Those include the gas-powered Mustang, Ranger, F-150, Bronco Sport, Escape and Explorer. Los Angeles-based dealer Galpin Motors provided vehicles for this first phase of gas-powered cars on the […] [Read More]

On Wednesday, KBRA released research examining state-level auto loan asset-backed securities performance across the U.S., recapping three key takeaways in a news release. Those top findings included: —The Southeast reported the greatest credit stress, accounting for four of the five highest 60-day delinquency rates during the first half of this year. That quartet included Mississippi […] [Read More]

FlexPath DXP on Wednesday named Shannon Neilson as director of dealer and channel development. Neilson is being tasked with working directly with dealers, agencies, and channel partners to help them better understand how consumers are engaging with their marketing and get more value from the dollars they’re already spending. FlexPath helps dealers and their marketing […] [Read More]

The Presidio Group served as exclusive financial advisor on the Series B financing of Carputty to accelerate expansion of its embedded finance platform across the automotive industry. This latest round of financing brings the total capital invested in Carputty — a fintech company modernizing vehicle financing and ownership — to more than $40 million. The […] [Read More]

Lender Compliance Technologies (LCT) launched a new credit union service organization (CUSO) on Wednesday that’s dedicated to making advanced automated-compliance solutions seamless and accessible to credit unions across the U.S. According to a news release, LCT CUSO germinated as a partnership with One Washington Financial (OWF), a CUSO wholly owned by Washington State Employees Credit […] [Read More]

Jericho Information Technology and Fuse recently formed a new partnership with the goal of rolling out joint initiatives in the coming months. Jericho operates in the indirect auto lending business, importing data from many legacy systems into a single platform to provide daily management of analytics, CRM, risk, compliance, and dealer administration. Jericho also offers […] [Read More]

In a move described as one that will “help shape the future of payments,” PayNearMe announced on Wednesday that it has acquired the technology assets and hired the key employees of Marr Labs, an artificial intelligence company that develops agentic solutions to automate voice, messaging and workflows in complex, regulated environments. PayNearMe highlighted the addition […] [Read More]