Autotech Ventures — a Silicon Valley venture capital firm that manages a fund of more than $120 million focused on startups — recently added to its human capital again. Autotech Ventures announced that early-stage venture capital investor and former entrepreneur, Daniel Hoffer, has joined the firm as a managing director. Autotech Ventures is a specialist […] [Read More]

Hertz Global Holdings has announced that Allstate’s Opal Perry will serve as the company’s new executive vice president and chief information officer. Perry, a global technology leader who brings over 25 years of experience, was most recently VP of technology and strategic ventures at Allstate. During her time at the insurance company, she worked to boost customer satisfaction for auto […] [Read More]

On April 1, Ryan Norris, co-owner of Toyota of Easley, in Easley, S.C., dropped all TV, print and radio advertising and went all digital media, all the time. The date also marked the debut of “Ask Ryan,” a weekly online show during which Norris personally answers questions submitted by customers and the curious who want […] [Read More]

Russell Wilson’s nimble, fleet-footed quarterbacking of the Seattle Seahawks has earned him legions of fans through the Pacific Northwest and beyond. And a new partnership with Lithia Motors is likely to earn him a few more. The dealership group tweeted Thursday afternoon that it will be teaming with the all-pro quarterback to help aid a […] [Read More]

Add Washington, D.C. to the list of markets where Clutch Technologies now has a presence. A vehicle subscription service known as inride has launched at the Koons of Silver Spring dealership in D.C. area. Clutch, which provides the technology to companies offering vehicle subscription, now lists inride among its customers. In a news release, inride co-founder […] [Read More]

At a time when ridesharing services are expanding more and more each day — Uber outpaces all other companies. That's according to new study findings from the ABI Research firm on the strength of today’s leading ridesharing providers across the globe. The company announced last week that Uber ranks No. 1 in a competitive assessment […] [Read More]

Dealers buying on TradeRev from sellers in certain states can now make the most of free vehicle transportation, the company announced Thursday. TradeRev and fellow  KAR Auction Services business unit CarsArrive Network have teamed up to run a cross-country promotion that gives buyers from sellers in qualifying states free TradeRev vehicle transportation. In a part of the program that started July […] [Read More]

Vehicle service and repair shops with Workshop Software technology can now access newly integrated Carfax customer vehicle information that can help service technicians boost shop efficiency. Along with adding Carfax QuickVIN and Carfax Service History Check, the vehicle history reports provider announced Wednesday that Workshop Software has enhanced it shop management software to also include […] [Read More]

GrooveCar Direct announced 17 new credit union partners have joined its online vehicle shopping and financing program during the second quarter. Coming aboard the program in Q2 were institutions from 12 different states, serving 137,305 members, including: — AAA Federal Credit Union, South Bend, Ind., with assets of $64 million serving 6,905 members — Allegheny […] [Read More]

While improved recoveries in May helped to boost the overall metrics within the U.S. auto loan asset-backed securities (ABS) sector, S&P Global Ratings noticed significant turbulence is developing within the subprime space. On a static pool vintage basis, S&P Global Ratings discovered subprime cumulative net losses for the 2015 and 2016 cohorts are nearing the […] [Read More]