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Dealer Opsby StaffOctober 23, 2017

Scott Painter’s Fair Raises Up to $1 Billion in Debt and Equity Funding

Fair’s latest funding round was led by BMW iVentures and includes investments from Penske Automotive Group and other investors. The startup also raised nearly $1 billion in debt funding from a group of investment banks and a Sherpa Capital-led entity.

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Digitalby StaffOctober 19, 2017

Honcker Raises $3.6 Million, Expands to Eight States

Honcker announced the closing of a seed financing round led by Evolution Corporate Advisors and the expansion of its car leasing marketplace into a total of eight states.

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Digitalby StaffOctober 19, 2017

TradeRev Announces Sales Leadership Changes

TradeRev has enhanced the role of Executive Vice President Keith Crerar while promoting Will Farmer to executive director of U.S. dealer sales and hiring Vince McNeal as executive director of commercial sales for the U.S. and Canada.

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Trainingby StaffOctober 19, 2017

Fastlane Partners With F&I Express

Fastlane has partnered with F&I Express to incorporate VIN-specific vehicle service contract and aftermarket pricing in its dealer-focused online car-buying platform.

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Dealer Opsby StaffOctober 18, 2017

New York AG Reaches Two New Settlements in Payment Packing Crackdown

The attorney general's two-year crackdown on payment packing and the unlawful sale of credit repair services has resulted in 13 dealership settlements and more than $19 million in total restitution and penalties.

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Dealer Opsby StaffOctober 18, 2017

Assurant to Buy The Warranty Group in $2.5 Billion Deal

Under the transaction agreement, Assurant Inc. will become a wholly owned subsidiary of TWG Holdings Limited, whose name will be changed to Assurant Ltd. Assurant shareholders will own approximately 77% of the combined company, while TPG and its affiliates will own the remaining 23%. The transaction is expected to close in the first half of 2018.

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Dealer Opsby StaffOctober 18, 2017

George Nenni Joins T3 Consulting Group

Nenni will use his three decades of auto tech experience with Dealer Specialties and Dominion Dealer Solutions to enhance vendor and dealer operations.

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Digitalby StaffOctober 18, 2017

Zanan to Release Guide to Digital Success

Automotive retail and compliance expert Max Zanan is set to release ‘Perfect Dealership,’ a new book designed to serve as an auto dealer’s guide to surviving the Digital Age.

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Trainingby StaffOctober 18, 2017

CarStory Launches Dealer Sales Prediction Leaderboard

CarStory’s new, AI-driven predictive analytics interface was designed to show dealers how their sales will rank in their local markets.

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Trainingby StaffOctober 17, 2017

Non-Houston Used-Vehicle Values Fall

Depreciation increased for both cars and light trucks, with car segments recording the highest weekly depreciation in seven weeks. Prices in the Houston-area, however, remain elevated, according to the firm.

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