Last month, FM Capital completed a follow-on, secondary share purchase six months after first investing in Impel because, “When we first invested in Impel, we believed they were one of the companies best positioned to lead the next phase of automotive AI.” On Tuesday, FM Capital used similar reasoning and made a strategic investment in DLRdmv, […] [Read More]

While watching depreciation come in at twice the average rate analysts saw during the same week before the pandemic, Black Book also identified three vehicle characteristics that are prompting buyers most as the calendar rolled from July to August. According to the newest installment of Market Insights released on Tuesday, Black Book reported wholesale values […] [Read More]

The technology committee of the American Recovery Association warned repossession agents about how easily an operation can be impacted by phishing email and the collateral damage security breaches can cause. ARA also gave six recommendations for best practices to avoid the problems because, “modern phishing emails are no longer filled with obvious spelling mistakes. Many […] [Read More]

Go to some places on social media and you might find posts conveying that the vehicle-transportation industry is in complete shambles because of fraud activity. Whether merited or overblown online hollering, Cox Automotive is looking to shore up its transportation endeavors by launching a pilot of Secure Vehicle Transfer. Cox Automotive said it’s a new […] [Read More]

Just like the automaker touts its vehicles as being more than capable of allowing drivers to carve their own path to adventures, Subaru is starting new financing journeys in both the United States and Canada. Subaru Corp., Subaru of America and Subaru Canada made similar announcements on Wednesday, saying they will enter the captive finance […] [Read More]

Automotive professionals seeking specific training connected with the modernization of loan payoffs, lien releases and title transparency workflows now have another option. Last week, the National Loan Payoff Clearinghouse (NLPC), powered by EPIC, announced that RockED has been named the official industry certification partner for the NLPC, creating a formal education and certification program. Officials […] [Read More]

Credit Acceptance set a record during the second quarter courtesy of artificial intelligence. The subprime auto finance company said late Tuesday afternoon that a record 11,004 dealers were active on its platform during Q2, with the company enrolling 1,456 new dealers. Credit Acceptance cited two reasons for the record achievement, including: —Deal optimization: Enhanced its […] [Read More]

One of the leading dealers in the mobile service space is now utilizing Curbee as its new mobile service technology platform. Bozard Ford Lincoln, which completes more than 2,000 monthly mobile service appointments and includes a fleet of more than 40 service vehicles in northeast Florida, has signed on to the Curbee platform, the latter […] [Read More]

The movement of vehicles to a dealership has traditionally been treated as a back-end logistics function. But for used-car decision makers navigating tight margins and changing expectations, auto transport needs to be front and center to their business strategy and operations. Data from nearly 10 million vehicle shipments completed through the Super Dispatch platform in […] [Read More]

With the Presidio Group acting as exclusive financial advisor, STELLA Automotive AI on Monday announced the closing of its Series B financing round, which raised $22.1 million to accelerate commercial expansion, scale go-to-market initiatives and support continued product development. According to a news release from Presidio Group, the round was led by Maroone USA, and […] [Read More]