In a little less than a month from first making the decision known publicly, Solera Holdings announced on Monday that it has completed its acquisitions of Omnitracs, DealerSocket and eDriving. Omnitracs is a leading fleet management platform, while DealerSocket is a SaaS provider to the automotive industry and eDriving is the digital driver risk management […] [Read More]

Previous Emerging 8 honoree MotoRefi continues to collect investor funding to accelerate growth and achieve other major milestones. The auto fintech startup recently announced a $45 million Series B funding round led by Goldman Sachs Asset Management’s Growth Equity team. MotoRefi works directly with credit unions and other finance companies to enable consumers to quickly […] [Read More]

Autotrader acknowledged buyers are facing tough times right now, with a difficult market plagued by low supply from vehicle inventory shortages and the resulting high demand driving prices upward. “A worldwide microchip shortage has severely limited new-car production and dealers have fewer used vehicles on their lots, so now more than ever car shoppers need […] [Read More]

The award-winning TV sitcom "Schitt’s Creek" stems from the financial downfall of a husband and wife who live in a motel with their adult children. Capital One is leveraging the family celebrity duo in the first national advertising campaign for Capital One Auto Navigator in hopes consumers have a much more pleasing result when financing […] [Read More]

Nicholas Financial made quite a year-over-year rebound when detailing its 2021 fiscal year results last week, including vital metrics like net income and delinquency rates. Despite a dip in total revenue, the subprime auto finance company reported that its net income for the fiscal year that ended March 31 jumped to $8.4 million compared to […] [Read More]

Consignment-to-retail used vehicle marketplace CarLotz has opened a new hub in Charlottesville, Va.. The new location will be at 1389 Richmond Road, and marks the fourth hub in the state and 12th nationwide.  Ned Gallaway, who previously served as the former manager of CarLotz’s Midlothian, Va., hub, will lead the new Charlottesville store.  “We couldn’t be […] [Read More]

Imagine Autos is bringing a new video-centric car buying experience to consumers. The site works to deliver an easy-to-use, interactive layout that lets consumers watch videos of vehicles they're interested in purchasing. Imagine Autos is “bringing the car buying experience” to the digital age by being one of the only third-party car listing site that focuses on […] [Read More]

CDK Global announced Wednesday that it purchased Roadster in a $360 million deal, a merger that has huge implications for the digital retail segment of automotive. What brought the two companies together? How might Roadster's digital retail capabilities complement CDK's technology? What additional opportunities does the merger bring to each company? CDK chief product and […] [Read More]

There’s not been an exotic model quite like this one in a dealership showroom. During an exclusive event at Holman Motorcars, hosted in partnership with Supercar Rooms Miami, renowned contemporary artist Bradley Theodore transformed a Rolls-Royce Ghost into a one-of-a-kind work of art, adding his trademark colorful flair to this iconic vehicle that the company […] [Read More]

Canada Drives co-chief executive officer Cody Green joined the Auto Remarketing Podcast to discuss the company's online vehicle shopping and delivery platform expanding into Ontario, future growth plans and more. Plus, Green shares a bit about the company's platform in the United States, USA Drives. To hear the conversation, click on the link available below, or visit […] [Read More]