Engaged dealership personnel might be engaging with potential buyers via text message more than ever nowadays. Recognizing the growing influence of text communication in dealer/buyer engagement, Fox Dealer recently announce the acquisition of Simplext Digital immediate response solution and the formation of a partnership with LetzChat, a text-and-chat platform providing real-time translation in more than […] [Read More]

With dealer inventories tight, it’s getting more challenging for consumers to find the vehicle they want. Swapalease.com shared its second quarter Auto Lease Trends Report on Tuesday, illustrating how the situation is unfolding in that industry segment. Among the key trends Swapalease.com identified in its second-quarter lease data, analysts highlighted: • Tesla searches are up […] [Read More]

Following an April launch on the fleet side, Spiffy’s first franchise group in San Jose, Calif., is now providing on-demand car care services to consumers there. The franchise’s co-owners and operators are Alina Siert, Matt Siert, Lucille Sablan and Eric Sablan. The group also owns a LeanFeast franchise. In a news release, Spiffy said a […] [Read More]

Car IQ is looking to make payments easier for fleet managers to track and drivers of fleet vehicles to make when they’re behind the wheel. The company that developed a payment solution specifically for fleet vehicles, on Wednesday announced it has raised $15 million in Series B funding. Car IQ said through a news release […] [Read More]

In less than a year, car-ownership app Jerry forged an investment path to value the company at $450 million. The latest stop on the journey happened on Tuesday when Jerry announced the completion of a $75 million Series C funding round led by Goodwater Capital. The company highlighted the latest financing was completed just seven […] [Read More]

Sometimes, one of the most challenging parts of vehicles changing ownership is completing the title work. Champ Titles is trying to smooth that process and now has more financial resources to do so. On Wednesday, the technology company that looking to modify the way that vehicle titles are created, managed and transferred in the United States, […] [Read More]

Robert Steenbergh is being rewarded for executive leadership that began long before the pandemic. According to a news release, the US Equity Advantage (USEA) founder and chief executive officer has been named one of the 2021 CEOs of the Year by the Orlando Business Journal. The annual program recognizes the highest-level company executives in central […] [Read More]

Kroll Bond Rating Agency (KBRA) released new research on Tuesday that analyzed the impacts of “skyrocketing” used-vehicle prices on auto finance credit performance metrics, as well as discusses future implications as the economy marches toward a return to pre-pandemic norms. [Read More]

Cox Automotive Mobility plans to be part of a safety effort started by Arizona’s governor three years ago. According to a news release distributed on Tuesday, the division of Cox Automotive committed to advancing the world’s fleets to serve the next generation will be joining the Institute of Automated Mobility (IAM), a public-private consortium established […] [Read More]

In addition to announcing a partnership with SpinCar, CarGurus revealed its fifth annual Best Used Car Awards on Tuesday, recognizing later-model vehicles across 10 segments. The awards are based on a CarGurus analysis of metrics that included long-term projected value retention, driver satisfaction, user reviews, expert evaluation along with popularity and availability of the respective […] [Read More]