Automotive transportation and logistics technology platform RunBuggy has closed on a $37 million Series B funding round led by Centana Growth Partners, a growth equity firm that invests in financial services, technology and related enterprise software. OMI Capital, one of company’s original investors, also participated in the round. “Our investment thesis centers on companies that […] [Read More]

Galeana Auto Group is down to one dealership after selling two stores in Florida and another in South Carolina. Bill Nero Automotive Group has acquired Galeana Kia of Fort Myers and Galeana Chrysler-Dodge-Jeep-RAM-Fiat of Fort Myers in Fort Myers, Fla., while Jack Salzman and Conrad Letson purchased Galeana Chrysler-Dodge-Jeep-RAM of Mount Pleasant in Mount Pleasant, […] [Read More]

It’s a larger-than-expected and highly engaged crowd here at the inaugural eSTART Modernization Forum, with attendees and speakers running the gamut of constituents involved in the vehicle title and registration processes. Companies providing title and registration management technology, auto finance and fintech providers, auto auction/wholesale platforms, software companies, vehicle transport providers and government agencies. And […] [Read More]

Time is running out fast, and Carfax says car shoppers have been acting accordingly. The provider of vehicle history reports said its data shows consumers are racing to buy electric vehicles before the federal tax credit for new and used EVs and some plug-in hybrids expires at midnight Tuesday. The data, from Carfax Car Listings […] [Read More]

Showing there’s plenty of turbulence happening in multiple parts of the automotive industry, First Brands Group filed for Chapter 11 bankruptcy on Monday. The global supplier of aftermarket automotive parts filed in the U.S. Bankruptcy Court for the Southern District of Texas, saying the move was to stabilize its business operations and facilitate a value-maximizing […] [Read More]

The newest operating partner with Automotive Ventures knows a thing or two about mergers and acquisitions. On Monday, the early stage mobility-focused venture capital firm announced the addition of Phil Battista to its operating partner team, joining Andrew Gordon, Chip Perry, Brian Reed and Paul Whitworth. Automotive Ventures called Battista “one of the most successful […] [Read More]

PAVE’s co-founder is stepping down as CEO, and a J.D. Power executive is stepping in. The Toronto-based provider of artificial intelligence-powered vehicle inspection technology said Kenny DellaPorta has been appointed CEO, while co-founder and current CEO Brian Steinhauser transitions to a board advisory role to support PAVE’s long-term strategy and growth. DellaPorta brings more than […] [Read More]

Alfa on Friday released its syndication module for Alfa Systems, delivering automated support for syndicating leases, loans and revolving credit facilities. The provider of technology for asset finance said the new module can enable complete syndication management for lenders — from simple splits to complex multijurisdictional syndicates — while maintaining flexibility and control. For straightforward […] [Read More]

Fiserv revealed two acquisitions in a five-day span to reinforce its services for clients. First on Thursday, the global provider of payments and financial services technology announced it has acquired Smith Consulting Group (SCG), an operational consulting service utilized by community banks and credit unions across the United States. Then on Monday, Fiserv announced it […] [Read More]

A new survey from TransUnion highlighted a growing concern related to student loans that might impact your auto-finance portfolio. TransUnion said millions of delinquent federal student loan borrowers are bracing for the possible resumption of involuntary collections by the U.S. Department of Education, such as wage garnishment or the withholding of tax refunds or Social […] [Read More]