Experts see electric vehicles eventually having a significant impact in the fleet space. With that thinking in mind, behavior and analytics advisory firm Escalent recently released the latest findings from its Fleet Advisory Hub, a platform designed to explore the needs, expectations and emotions of commercial and fleet vehicle decisionmakers. The newest report examined fleet […] [Read More]

Santander Consumer USA Holdings recently announced that Chrysler Capital will serve as the title sponsor for the Chrysler Minority Dealers Association (CMDA). The five-year annual sponsorship will include several initiatives aimed at outlining and supporting minority dealer trends and building a conduit for the next generation of minority dealers. Bruce Jackson, SC president of Chrysler Capital and auto relationships, […] [Read More]

This week, global consulting firm AlixPartners put dollar and unit figures pinpointing just how much the ongoing semiconductor shortage is costing the worldwide automotive industry. Meanwhile, the White House and the U.S. Commerce Department said they’re bolstering efforts to get chip production back in full motion, so vehicles can make their way to dealer lots […] [Read More]

As consumers repair their credit profiles, many individuals are looking to improve the terms of their retail installment contract for their vehicle. RateGenius is looking to help those particular people and other contract holders looking to see if they can make adjustments via a new tool launched this week. This week, the company announced a […] [Read More]

Automatic is trying to modernize what the fintech startup is calling an “outdated, fragmented independent dealer financing ecosystem.” And it’s leveraging an equity crowdfunding campaign to continue on its path. On Friday, Automatic announced the effort to generate resources for its platform that is designed to connect independent dealers with finance companies and F&I vendors. […] [Read More]

Step One Automotive Group recently held a night of appreciation and fellowship in honor of the special operations team known as the "horse soldiers," which rose to well-deserved fame after feats shortly following the 9/11 terrorist attacks on American soil.  The dealer group recently hosted perhaps its most inspirational  "Whiskey & War Stories" night yet, presented by Will Summers […] [Read More]

The latest acquisition by CDK Global will give dealers an avenue to digitize another piece of the car-buying process: lining up car insurance for the consumer. CDK said Thursday has signed a deal to purchase insurtech company Salty Dot, Inc., which provides car buyers a mobile solution to acquire car insurance without having to exit […] [Read More]

Recurrent, a company that analyzes EV battery health, has grown its board of directors by adding a former senior vice president from CarGurus. Chosen for the open board position is Martha Blue, who has experience with leadership roles in tech startups and auto companies.  “Adding Marty to the board is a big deal to me and the rest of […] [Read More]

CarGurus will host its third annual “Navigate” user conference next month with an agenda that explores auto retail disruption, diversity in the auto industry, digital retail success strategies and much more. The event, scheduled for Oct. 13-15, will be held online. More info is available here.  “The past 18 months have shown that the automotive […] [Read More]

IAA now offers a new transportation service designed to allow buyers to digitally order transportation for purchased vehicles at the time of checkout or post-payment. The all-new IAA Transport "accelerates" the transportation process, the company says, and offers customers the option to order vehicle transport digitally and in real-time.  "IAA Transport is a significant advancement in […] [Read More]