Providers
The launch of Data Pipelines adds automated sync options for batch-differential updates and inception-to-date delivery to PCMI’s Policy Claim and Reporting Solutions platform. +
Arra Finance has agreed to acquire Crescent Bank’s automotive division, quadrupling origination volume and adding about 180 employees, $1 billion in assets and $815 million in existing auto loans. +
Reynolds and Reynolds has promoted Chris Walsh to acting CEO following the departure of former CEO Tommy Barras, who is seeking $300 million in damages for wrongful termination. +
Spectrum Automotive Holdings has established May 19 as National Automotive Dealer Day and Oct. 1 as National Automotive Industry Day via the National Days Archive. +
Auto finance AI solutions provider Informed.IQ has partnered with Suncoast Credit Union, providing a “low-lift” integration designed to accelerate funding and enhance dealer satisfaction. +
Kerri Wise has joined Lotlinx as chief marketing officer, bringing 25 years of industry experience to the inventory management solutions provider as it grows and leans into AI and machine learning technology. +
Southeast Toyota Finance’s Casey Gunnell Jr. will succeed the retired Bill Shope as president while Charles Gruszczynski and Michael Hollis have been promoted to group vice president. +
Assurant Vehicle Care Technology Plus is a new service contract offering coverage for high-tech in-vehicle components as well as common repairs to the customer’s smartphone. +
Former Honor Finance CEO James Collins has been sentenced to four years in federal prison and restitution totaling $67 million after pleading guilty in two bank fraud cases. +
Sales and systems development leader Paul Croshaw has joined dealership digital solutions provider Botdoc as executive vice president of automotive sales. +
CDK Global accused rival Tekion of “anti-competitive practices” in a newly filed federal lawsuit, escalating a legal battle over ownership of and access to data generated by dealerships. +
The Oklahoma Insurance Department accused Select Auto Protect of selling vehicle service contracts without a license following an investigation spurred by consumer complaints. +
Brady Jones has joined Prosidium as executive vice president of dealer success for the U.S. market following a successful tenure at Cilajet. +
Chase Auto has named 25-year industry veteran Leslie Wims-Morris as CEO, replacing Peter Muriungi, who will take on the same role at Chase Connected Commerce. +
Ford confirmed a Reuters report that Jim Baumbick will move to its EV team as the factory seeks out a new head of quality who will likely be tasked with reducing recalls and warranty costs. +
Dealer technology provider Tekion has filed a federal lawsuit against its rival, CDK Global, as part of an escalating dispute over data rights and vendor transition. +
PCMI announced the addition of loyalty program management capabilities to its Policy Claim and Reporting Solutions platform to help dealers drive fixed ops revenue and retention. +
Reynolds and Reynolds has partnered with Skaivision, a provider of “smart space” AI designed to help dealers become more efficient and profitable by leveraging cameras trained on staff and customers. +
Why are investors drawn to WarrCloud’s automated warranty processing solution? WardsAuto’s Alysha Webb follows the money. +
Vice Chair and Chief Risk Officer Clarke R. Starnes III will retire after 42 years with Truist. He will be succeeded as CRO by former interim CIO Brad Bender. +
Employee survey results put EFG Companies on Energage’s Top Workplaces list for the eighth time, placing among the top 100 employers in the Dallas-Fort Worth area. +
Stan Bernard has been promoted to head of industry practices for the U.S. middle market for Zurich North America, succeeding Lynn Zeitler, who will retire in December. +
A Statista-powered survey of more than 24,000 U.S. veterans led Forbes to add Assurant Inc. to its 150-company list of America’s Best Employers for Veterans. +
Newsweek has released its list of the best available vehicle service contracts, including awards for Best Overall Coverage, Best Powertrain Coverage and Best for Electric Vehicles. +
A new partnership between EasyCare and Petra Automotive Products will pair Petra’s “high-performance” chemicals and proprietary training with EasyCare’s product suite. +
Doug Timmerman, interim CEO of Ally Financial and president of Ally’s dealer financial services division, was named 2024 Auto Finance Executive of the Year by Black Book. +
Automated warranty processing solutions provider WarrCloud said it raised $20 million from Series B investors in a funding round led by Centana Growth Partners. +
Administration software provider PCMI announced that Integrity Warranty has joined PCMI’s Policy Claim and Reporting Solutions platform. +
A New York City Hyundai dealership accused a former employee of fraud and breach of fiduciary duty for allegedly accepting kickbacks from a product provider. +
AutoTech Breakthrough announced the latest winners in its annual awards program, designed to recognize and bring awareness to “excellence in automotive technologies, services, companies and products.” +
Kevin Hull will succeed Wade Bontrager as president of National Truck Protection Company, the company announced. Bontrager will continue to serve as an NTP board member and advisor. +
Buckeye Dealership Consulting has hired Jim O’Connell as COO and Martin Gutierrez as business development manager, according to Auto Remarketing’s BHPH Report. +
MOTOR Information Systems has named CNA National among its honorees for the 2024 MOTOR Top 20 awards, a program designed to recognize “innovative and exciting new developments." +
Former managing director Ryan Hanlon has rejoined Portfolio as chief sales officer to grow sales, revenue and market share. +
