Fueled by client successes like the one experienced by Global Lending Services (GLS), Lightico announced the launch of its latest solution aimed to enhanced its next-generation digital completion platform used by major companies in the insurance, automotive, telecom and financial industries to help millions of their customers eliminate roadblocks to deal completion. Lightico highlighted that […] [Read More]

In an effort to satisfy shareholders, KeyCorp is getting out of auto financing. Last week, KeyCorp announced that KeyBank has sold its indirect retail auto portfolio, and that KeyCorp has entered into an accelerated share repurchase (ASR) program. According to a news release, the company said KeyBank sold its $3.2 billion indirect retail auto portfolio […] [Read More]

In this episode of the Auto Remarketing Podcast, Lena Bourgeois discussed auto-finance metrics that are not getting as much attention nowadays but perhaps should. The senior vice president and general manager of automotive services at Equifax also shared anecdotes from recent client meetings about what’s top of mind at dealerships and finance companies. To listen to […] [Read More]

Spiffy said Wednesday it has purchased Pit Crew, an acquisition that not only expands the on-demand car care, technology and services company into Tennessee, but is likely to bring new preventative maintenance services into the Spiffy fold. Pit Crew, which operates in the Tennessee cites of Nashville, Memphis and Knoxville, has primarily focused on oil […] [Read More]

Carsharing marketplace Getaround has launched a new program to incentivize its audience to drive market expansion. The New Frontiers Bonus Program rewards car owners for sharing additional vehicles in eligible markets — up to $750 per vehicle. According to Getaround, the North American carsharing market is projected to exceed $4.8 billion by the close of 2024. […] [Read More]

VINData has announced integrations with motorcycle and auto companies: Innova and MotoMate123, respectively. VINData vehicle history and title reports are now available through the two auto and motorcycles and powersports leaders.  Begining in June of this year, Innova Electronics Corp., a supplier of test equipment and diagnostic reporting for automotive aftermarket professionals, DIYers and consumers, began […] [Read More]

SCI MarketView changed its name to taq Automotive Intelligence this week, which it describes as a move related to the ever-evolving automotive sales market and digital sales strategy.  The move reflects the company’s "evolution towards reinventing automotive sales and purchasing."  “From our roots as SCI MarketView, we are driven by the idea to continuously modernize the […] [Read More]

ADESA announced Tuesday it has added OBD2 emissions codes to the condition reports of vehicles inspected at its locations. The auction company has streamlined OBD2 (onboard diagnostic II) scans through a new process, meaning inspections at ADESA vehicle logistics centers will include emissions codes more clearly displayed on condition reports moving forward. OBD2 represents a standardized system […] [Read More]

Being the music aficionado he is, perhaps Cox Automotive chief economist Jonathan Smoke might recommend the 1980s hit song by Matthew Wilder titled “Break My Stride” to summarize the most recent Cox Automotive Dealer Sentiment Index (CADSI). [Read More]

Lithia & Driveway announced two purchases Tuesday, one of which gives the company a presence in one of the largest markets in the Southeast: Atlanta. The retailer said it has acquired Curry Honda in Chamblee, Ga., giving Lithia its first store in the Peach State. Additionally, Lithia bought Orange Coast Chrysler Jeep Dodge Ram in […] [Read More]