automotiveMastermind has named a new chief operating officer. Promoted to the COO role is Jeremy Carter, who was previously vice president of business operations. The move was effective this month. Carter has been with automotiveMastermind since March 2021. Prior to his time with the company, he worked in the software industry for more than 15 […] [Read More]

The Clement Auto Group has acquired Marty Cancila Dodge Chrysler Jeep Ram in Florissant, Mo., according to the Tim Lamb Group, which brokered the transaction. A news release indicated the dealership near St. Louis now will operate as Clement Chrysler Dodge Jeep Ram Florissant. Tim Wild, director of the Midwest and Plains Region for the […] [Read More]

The automotive industry is witnessing a transformative shift in how technology and artificial intelligence are being integrated into auto sales and remarketing strategies. New advancements are streamlining operations and enhancing customer experiences and sales effectiveness. Technology offers numerous benefits in the workplace, including saving time, streamlining processes, and analyzing data. Such advantages help business leaders […] [Read More]

Craig Amelung is less than two weeks into his tenure as National Auto Auction Association president and is already tackling one of the most pressing issues in the overall auto industry: cybersecurity. NAAA said Tuesday it has launched a Cybersecurity Task Force, created by Amelung, that will be led by Eddie Lafferty, who is the […] [Read More]

The U.S. Marine Corp. might not be an official training institution for the auto-finance industry. But John Messiha used it nicely to become an executive with Bank of America, Capital One, Goldman Sachs, Uber and Bridgecrest Acceptance. “The first goal is mission accomplishment. Then the second goal is troop welfare. And you can’t do one […] [Read More]

Auto finance is leading the way in a trend that’s likely to give executives and managers plenty of headaches. A global TransUnion analysis found that fraud continues to significantly impact businesses and their bottom lines. The newly released H2 2024 Update to the State of Omnichannel Fraud Report, which explores fraud trends in the first […] [Read More]

OTTOMOTO on Tuesday finalized a strategic partnership with Gestalt Tech, a financial technology company specializing in advanced data warehouse solutions for financial institutions. This collaboration integrates Gestalt Tech’s data warehousing and reporting tools with OTTOMOTO’s platform, significantly enhancing compliance and streamlining the financing process. With Gestalt Tech’s data-driven solutions, finance companies can now access real-time […] [Read More]

Automotive Risk Management Partners on Tuesday announced the addition of Ridgeback Network Defense to its portfolio of physical and digital compliance and cybersecurity programs. Automotive Risk Management Partners powered by Ridgeback Network Defense can offer a comprehensive cybersecurity package specifically designed for dealerships. It can provide real-time visibility and control over all devices connected to […] [Read More]

Agora Data announced on Tuesday that it has closed a $12 million transaction for Road Auto Finance, an indirect auto finance company. The capital solutions and advanced performance analytics provider for the subprime to non-prime market called the development a “forward-thinking transaction.” Agora said the deal with Road Auto Finance combines traditional refinancing structures with […] [Read More]

While Edmunds detailed the swelling of negative equity, Cox Automotive noticed credit access loosened to close the third quarter. The Dealertrack Credit Availability Index came in at 92.8 in September, representing a 0.4% improvement from August and stopping a streak of five consecutive months of tightening. However, Cox Automotive pointed out that the reading still […] [Read More]