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]

Open Lending recently shared how successful 2019 was for the firm that strives to help finance companies take prudent risk in the subprime space. The provider of a unique auto lending enablement platform with default insurance signed 77 new finance companies to its Lenders Protection program in 2019. According to a news release, notable finance […] [Read More]

When Fraser McCombs Capital, an investment firm in the auto technology and mobility space, started nearly a decade ago, “a lot of people thought we were crazy,” says managing partner Chase Fraser. “Auto tech didn’t exist, really,” Fraser said in a phone interview. “I’d raise money and people said, ‘well, are you going to go […] [Read More]

Jim Koons has long performed philanthropic work for Catholic Charities. Each year, Koons of Koons Ford in Falls Church, Va. provides gift cards to homeless people who attend a Thanksgiving and Christmas program for the displaced. He also makes financial contributions to a local Catholic high school, where he and his family attended. Those are […] [Read More]