America’s Group continues its “coast to coast” M&A growth. The auction company said on Monday it has acquired Motley’s Richmond Auto Auction in Virginia, which is its third purchase announced in the last two months. In June, America’s announced the acquisition of San Antonio Auto Auction, followed by July’s purchase of Corpus Christi Auto Auction. […] [Read More]

Alin Navidi has acquired Covina Volkswagen in Covina, Calif., from SRO Group and Greg Bozzani, according to Performance Brokerage Services, which advised on the transaction. Navidi started his automotive career as a used-car dealer in Portland, Ore., before becoming a partner in Coachella Valley Volkswagen in Palm Springs, Calif. When that business was sold, he […] [Read More]

Fullpath announced it has reached “a significant milestone.” The automotive customer data platform and marketing automation engine has been approved as an official vendor for Jaguar Land Rover’s Digital Certified Program for dealerships. In a news release from one of this year’s Emerging 8 honorees, Fullpath said its integration with JLR’s Digital Certified Program “aims […] [Read More]

AutoComplete has completed a financing round to further its expansion and development of an artificial intelligence-based technology platform for auto insurance, according to The Presidio Group, which advised the company in the deal. Presidio said the SAFE-structured capital raise, led by Bain Ventures and FM Capital, included seven new strategic dealership group investors — AutoNation, […] [Read More]

The next episode of the Auto Remarketing Podcast originating from this year’s Canada’s Used Car Week in Toronto focused on the human side of automotive. A panel discussion titled, “The Journey to Equity Continues,” featured Beth Byskal and Marcia Rossi of TD Auto Finance, along with Joyce Tshiamala of Hyundai Canada and Edith Pencil of […] [Read More]

Before the cyberattack that hit dealership software provider CDK Global, Group 1 Automotive’s used vehicle and aftersales businesses were performing well in the second quarter, said Group 1 president and CEO Daryl Kenningham. But the CDK outage “significantly affected” Group 1’s U.S operations from June 19-26, Kenningham said during Group 1’s second quarter 2024 earnings call on July 24. “We do believe that we could have [Read More]

Origence announced the appointment of three new associate board of directors that took effect on Thursday. The new associate board of directors of the technology solutions provider for credit unions are: —Linda Armyn, president and CEO of Bethpage Federal Credit Union, located in Bethpage, N.Y., with 473,707 members and more than $12.8 billion in assets. […] [Read More]

Even with a notable ransomware attack happening during the span, the Q2 Auto Finance Digital Transformation Index highlighted how much digital activity is happening to get vehicles financed and retailed. The year-over-year rate of digital adoption for contracting and transaction documentation in the U.S. auto market increased by 29% in the second quarter for finance […] [Read More]

Auto Financial Group (AFG), announced that an integration with CU*Answers came to fruition last week. The credit union service organization (CUSO) and cooperative corporation headquartered in Grand Rapids, Mich., now can use the AFG residual value and payment quoting calculator. CU*Answers’ integration with Auto Financial Group allows balloon loan and member data to flow seamlessly. […] [Read More]

While also extrapolating its data to make a presidential election prediction, LegalShield offered an update on its Consumer Stress Legal Index (CSLI), which dipped a bit in June. Based solely on consumer inquiries seeking legal assistance in June, LegalShield reported its latest data showed the CSLI dropped 1.0 point from May to 61.8, representing the […] [Read More]