More stolen vehicle recovery (SVR) and innovative automotive services that dealers can offer are arriving nationwide this spring. LoJack, part of the fintech portfolio at CalAmp, recently announced the launch of the LoJack Connect family of subscription services. The company highlighted the new LoJack offering rounds out its comprehensive suite of inventory management, SVR and […] [Read More]

MotoRefi, which strives to save vehicle owners money with a refinanced installment contract, now has quite a bit of funding to expand its business. Last week, the fintech company that says it can save contract holders an average of $100 per month via its innovative auto refinance platform, announced it has raised $8.6 million in […] [Read More]

Nancy Fitzgerald, co-founder and chief executive officer of iLendingDIRECT Auto Refinancing, recently was named one of the 2020 Top 25 Most Powerful Women in Business by the Colorado Women’s Chamber of Commerce. The award, now in its eighth year, has recognized more than 200 women who excel in leadership, mentoring and philanthropy in Denver and […] [Read More]

Another one of the inaugural Emerging 8 honorees is continuing to gain industry traction. Last week, BMW i Ventures announced an investment in AutoFi, a technology company honored during last year’s Automotive Intelligence Summit. The exact funding figure wasn’t revealed in a news release distributed by BMW’s multi-billion euro venture capital fund that invests in […] [Read More]

Clutch Technologies recently finalized an integration with one of its fellow companies within the Cox Automotive family along with two other relationships in the vehicle-subscription space. On Wednesday, Nissan announced it’s testing a subscription service model that’s being powered by Clutch. According to a news release, Nissan is launching what it’s called “on-demand driving” through […] [Read More]

After loading up on cars during the first few weeks of 2020, dealers appear to be turning their inventory-management attention to trucks and SUVs. Data and anecdotes from representatives working the lanes contained in the newest Black Book Market Insights report offered more details as the spring market begins to show stronger indications of arrival. […] [Read More]

With Lithia Motors president and chief executive officer Bryan DeBoer saying his company is excited to enter the Sacramento market “and further expand our network with a dominant luxury vehicle presence,” Lithia Motors announced it has acquired two Lexus stores in Sacramento and Roseville, Calif. Lithia expects those stores to generate $160 million in revenue. […] [Read More]

Along with introducing a new customer relationship management system (CRM) for dealers, Reynolds and Reynolds recently announced the acquisition of GoMoto, a provider in kiosk technology for the service lane that can offer streamlined, self-led customer check-in and check-out. Robert Burnett, senior vice president for business development and acquisitions at Reynolds, explained why the provider […] [Read More]

The recent events hosted by the American Financial Services Association and the National Automobile Dealers Association marked Equifax unveiling a trio of new solutions aimed at help dealerships retail more vehicles and finance companies build their portfolios. The series of product launches began with the Automotive Intelligence Council member highlighting a new suite of digital […] [Read More]

As dealerships continually strive for ways to improve the quality and accuracy of targeted marketing campaigns, 700Credit and NCompassTrac understand that knowing the disposition of the customer credit velocity is critical. With that thought in mind, 700Credit partnered with NCompassTrac to create an offering that is designed to give dealerships a leg up by prescreening […] [Read More]