Based on a recent industry survey of auto dealership executives located throughout the U.S. orchestrated by Lotlinx, approximately 31% of respondents said they still rely only on gut instinct to manage their dealership’s vehicle inventory. This represents almost one third of dealer executives who fall into this bucket. It is no wonder that the same […] [Read More]

Motive Retail, a provider of integrations and technology in automotive retail, is collaborating with Cox Automotive’s Dealertrack DMS to integrate its Motive Integrator eXchange platform with Dealertrack’s Opentrack API integration program. The MIX platform is designed to empower software providers with an “integrate once, connect to many” approach, allowing automotive software vendors to connect not […] [Read More]

There’s more money to go around at Getaround. The connected carsharing marketplace announced its existing debt facility with Mudrick Capital Management has been expanded to provide the company with up to $50 million in additional capital. Getaround said it drew down the first $20 million of that capital on Monday. “Earlier this year we proactively […] [Read More]

The American Recovery Association handed out nine industry awards during this year’s North American Repossessors Summit. The 2024 NARS Industry Awards recognized repossession agents as well as representatives from finance companies and service providers. Along with explanations of each award from ARA, the honorees included: Agent of the Year – Justin Hammett with Snatch Masters […] [Read More]

Technology can be used to track just about every kind of metric imaginable. But new research from Bain & Company spotted one potential blind spot. That research indicated just 24% of companies say they are ready for upcoming sustainability reporting requirements — a potentially worrying statistic as Bain said it can take years to build […] [Read More]

Samuel Levine recently gave a speech at the Fordham University Law School in New York. The director of the bureau of consumer protection at the Federal Trade Commission highlighted the ways the agency is working “toward a safer, freer, and fairer digital economy.” Levine outlined three goals the FTC has for a better digital economy. […] [Read More]

STELLA Automotive AI, a provider of automotive artificial intelligence technology, has closed an oversubscribed Series A financing round that raised $19.7 million, according to the Presidio Group, STELLA’s exclusive financial advisor for the Series A financing. STELLA said the funds, which include both newly invested capital and outstanding convertible notes that converted into this Series […] [Read More]

EFG Companies has added three senior executives with more than 70 years of experience in retail automotive sales and F&I management combined. Joining the firm recently named as a USA Today National Standard Top Employer are: —Adam Fifield as vice president of business development —Gabe Sanchez as regional vice president of dealer services —Brittany Isenhour […] [Read More]

Agora Data CEO Steve Burke was named an Entrepreneur of the Year 2024 Southwest Award finalist by Ernst & Young. Now in its 38th year, the company highlighted the Entrepreneur of the Year program is a competitive business award endeavor for “audacious” leaders who disrupt markets, revolutionize sectors and have a transformational impact on lives. […] [Read More]

Rachel Richards, Sonic Automotive’s first-ever chief marketing officer, is retiring from her role as Sonic CMO, effective Wednesday. Moving into to that role will be Dino Bernacchi, who is CMO of the retailer’s EchoPark Automotive used-car store program. Richards joined Sonic in 2006 as vice president of retail strategy. She became CMO in 2014. Bernacchi […] [Read More]