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]

Auto defaults are slowly ticking up again, and the seeds for more might be germinating, too, as shown by the data assembled and shared by Cox Automotive, Equifax, Experian and S&P. [Read More]

HGreg Group, which operates new- and used-car dealerships in Canada and the United States, has set its sights on creating nationwide presence in each country within a “few years,” said its top executive. “We’ll be opening new store fronts and fulfillment centers in both the U.S. and Canada markets in the next few years,” said […] [Read More]

For independent dealerships seeking to have their Paycheck Protection Program (PPP) forgiven, they are amongst a large number of other businesses. The U.S. Small Business Administration (SBA) announced this week that it reached a major milestone as its Paycheck Protection Program (PPP) Direct Borrower Forgiveness Portal recorded its 1 millionth PPP loan forgiveness application for […] [Read More]

AutoVerify has purchased AIM Experts, in an effort to alleviate pain points in the auto-sales process for both shoppers and dealers.  For dealers specifically, AutoVerify said the purchase will help solve dealer pain "end-to-end" by integrating AIM’s inventory management and automated content solutions into the AutoVerify product offering.  AIM was founded  in 2012, and works to simplify […] [Read More]

Online automotive retailer Carvana now offers its touchless home delivery in two new Missouri markets.  First up, the company has entered Springfield, Mo., and residents in the area can now shop Carvana's more than 45,000 used cars for sale and schedule as-soon-as-next-day vehicle delivery. Customers are also able to sell their current vehicle to Carvana […] [Read More]

Santander Consumer USA is set to become a private company. And the provider will do so with a new head of operations. According to a news release distributed on Wednesday, Santander named Marc Womack as head of operations in a move that will become effective on Oct. 18. The company said Womack will report to […] [Read More]