Servicecontract.com Announces Launch to Increase F&I Sales

New company launches online Vehicle Service Contract provider.

AutoGravity Names New CEO, CTO

IRVINE, Calif. — AutoGravity named replacements for its chief executive and chief technology officer (CTO), who reportedly left about two months ago. Alex Mallmann, who most recently served as president and CEO of Mercedes-Benz Auto Finance China, replaces AutoGravity’s co-founder and CEO Andy Hinrichs, who left in May, according to the Orange County Business Journal. The ... Read More »

CDK Global to Acquire ELEAD1ONE

HOFFMAN ESTATES, Ill. and ATLANTA — CDK Global Inc. today announced it has entered into a definitive agreement to acquire ELEAD1ONE. The value of the transaction, which was unanimously approved by CDK’s board of directors, was not disclosed. The deal was first reported on Sunday by The Banks Report, which described the acquisition as checking off ... Read More »

EFG Companies: Dealers Must Embrace Industry Paradigm Shift

DALLAS, Texas — Staffing and customer engagement models are the top issues impacting the future health of the retail automotive industry, EFG Companies President and CEO John Pappanastos said today. The F&I product provider’s chief executive delivered his comments as part of a state of the industry address the company posted on its website. Pappanastos encourage ... Read More »

TD Auto Finance Joins AutoGravity Network

Clarivoy Appoints Jessica Ruth to VP Role

Chase Joins AutoFi’s Digital Retailing Platform

NEW YORK — Chase became the first national bank to join AutoFi’s digital retailing platform, the finance source announced today. AutoFi is a fintech firm that offers a digital retailing platform that connects dealers with finance sources and buyers. Under the new partnership, Chase will deliver financing terms online through the AutoFi platform. “AutoFi helps ... Read More »

Pearl Technology Integrates Experian Propensity Scoring Platform

Roadster Adds Southern California’s Longo Toyota

SAN FRANCISCO — Roadster is on the move. The startup has secured additional funding and added the largest Toyota dealership in the world to its digital retailing platform. The ecommerce solution provider today announced that Penske Motor Group’s flagship dealership, Longo Toyota, is now plugged into its Express Storefront ecommerce platform. The El Monte, Calif-based ... Read More »

Fastlane Launches Online Car-Buying Platform

DALLAS — Startup Fastlane this week launched a new ecommerce platform for automotive dealerships. It offers dealers the ability to customize and brand their online car-buying experience, while providing customers with a start-to-finish purchasing process. Dealers use Fastlane to showcase their inventory, help their customers pick out the car they want, and choose other purchase components such as ... Read More »