Lithia Motors and Shift Technologies will continue to operate separately, but their recently announced partnership creates a wide range of synergies, said Lithia president and chief executive Bryan DeBoer.   Lithia is keenly interested in Shift’s used-vehicle procurement technology, which is key to both companies’ growth strategies, DeBoer said.   Shift, based in San Francisco, […] [Read More]

Store personnel that leverage Auto/Mate Dealership Systems now do not have to toggle between screens as they complete their work for customers. On Monday, Auto/Mate announced the integration of its DMS with Kelley Blue Book Values. Auto/Mate customers no longer have to visit another website or utilize a separate application to calculate the value of […] [Read More]

AGORA Data is responding to the need for accurate information involving seasoned vehicle installment contracts. On Monday, the secondary loan marketplace announced what that company believes is the release of the first-ever loan validation report for seasoned loans. AGORA’s proprietary technology can enable dealer and finance companies to avoid compliance issues with the Truth in Lending Act […] [Read More]

Secure Collateral Management already announced the skip-tracing and collateral recovery provider was moving into a new headquarters. And then Monday, Secure Collateral Management and MBSi Corp. — a member of the Automotive Intelligence Council and provider of repossession assignment software and vendor compliance solutions — announced they are expanding their partnership. Secure Collateral Management will […] [Read More]

Used Car Week 2018 is straight ahead. Along with finalizing plans for the industry-leading gathering in Scottsdale, Ariz., Cherokee Media Group also is preparing to build off of the sterling foundation established during the inaugural Automotive Intelligence Summit. Experts and entrepreneurs from the fintech space and beyond as well as members of the Automotive Intelligence […] [Read More]

Technologically forward consumers often order their coffee ahead of time and pick it up at the counter, spending less time in the shop than it took you to read this sentence. Well, Dealertrack wants to help dealerships and finance companies serve those consumers who want to purchase an SUV nearly as fast as that latte. […] [Read More]

Manheim has been expanding its mobile auction offerings across a wide swath of the country, with its growth moves dotting the map like the combined footprints of the ACC, Big Ten and SEC. The expansions in the mobile auction network, which span the Northeast, Midwest, Mid-Atlantic and Southeast, come amid demand from dealers and commercial consignors […] [Read More]

A Sacramento, Calif., independent dealer is now among the stores using Flexdrive’s platform to offer car subscriptions as an option to their customers. Casey Baddley is the general manager of Outlet4cars, the family-owned store that has joined the subscription technology provider’s network. “Consumers often have an anxious feeling when coming to a dealership. It’s kind […] [Read More]

Record earnings, the role of diversification in achieving those earnings and the prominence of used vehicles as part of that diversification were among the main themes of the Penske Automotive Group third quarter 2018 earnings results. PAG and its chairman and CEO Roger Penske reported during the results call on Oct. 25 that the record […] [Read More]

Two developments surfaced on Friday involving Carvana; one involving a serious amount of financing capacity and the other much more light-hearted as an effort to drum up interest in the online used-vehicle retailer. First the funds as Ally Financial announced it is providing up to $2.3 billion in financing commitments over the next 12 months […] [Read More]