Market Scan Information Systems recently expanded its collection of industry partnerships. The automotive solutions and data provider announced it has teamed up with Tekion, a cloud-native dealer management system. Through the partnership, Tekion’s Sales module will be powered with Market Scan’s mScanAPI solution, a leading database and payment calculation technology. “Technology continues to reshape the […] [Read More]

Green certainly can have multiple meanings at Toyota Financial Services (TFS). The captive recently issued its latest unsecured Green Bond, reinforcing the finance company’s commitment to the sale of environmentally friendly vehicles. Officials highlighted proceeds from the $750 million bond will be used to fund the acquisition of new retail installment contracts and operating lease […] [Read More]

Software, consulting services and training provider KPA will release a new software platform that allows organizations to perform functions such as conduct mobile audits and inspections consistently across multiple facilities. KPA, which provides its services in the areas of workforce compliance and environment, health and safety, or EHS, says the new software platform, called Vera […] [Read More]

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]