Archive | Auto Industry News

Auto/Mate Adds Credit Card Processing

ALBANY, N.Y. — Auto/Mate Dealership Systems has added a new credit card processing feature to its dealership management system, the company announced. Credit Card Processing from Worldpay (formerly Vantiv) integrates the Worldpay credit card device and merchant services into Auto/Mate’s “Cashiering” features in its parts, ... Read More »

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NextGear Offers Expedited Funding Process

CARMEL, Ind. — To save time and speed up the funding process for dealers purchasing vehicles through non-auction channels, NextGear Capital is introducing expedited funding on notice of title via “Rapid Pay,” a feature accessible through NextGear’s Account Portal and available on any mobile device, the company announced. Billed as an ... Read More »

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myKaarma Raises $15 Million to Further Advance Product Development

LONG BEACH, Calif. — Communications and payments software provider myKaarmaannounced it has received a $15 million investment led by Kayne Partners, the growth private equity group of Kayne Anderson Capital Advisors LP. The alternative investment firm currently manages $26 billion in assets. According to myKaarma officials, ... Read More »

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Shift Using Manheim Facilities and Services to Support Digital Business

ATLANTA — Cox Automotive and Shift Technologies have announced they are launching a national strategic partnership, enabling the online vehicle retailer to utilize Manheim facilities and services to support its digital business. According to officials, the relationship will help Shift expand operations with reduced capital ... Read More »

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Auto/Mate Promotes Dave Druzynski to Chief People Officer

ALBANY, N.Y. — Auto/Mate Dealership Systems has Dave Druzynski to chief people officer (CPO). He previously served as director of human resources and is a regular contributor to F&I and Showroom magazine. “As the CPO, Dave is responsible not only for Auto/Mate people, but also its culture,” said Auto/Mate President and ... Read More »

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Dent Wizard Promotes Mike Black to CEO

ST. LOUIS — Auto reconditioning services and F&I product provider Dent Wizard International announced last week the promotion of Mike Black to CEO, effective April 1. He most recently served as president and COO. Black will lead the company and continue driving profitable growth while ... Read More »

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