Five cars were swiped from this dealer group. Your store could be next.
Benoit Ford and Benoit Nissan, auto dealerships in Vernon Parish, Louisiana, recently fell victim to a cunning fraud scheme that resulted in the theft of five vehicles. To make matters worse, the dealerships’ cyber insurance policy would not cover the loss. In this blog post, we’ll share what happened and how you can protect your […]
The High Cost of Oversight: A $76,000 Lesson for Auto Dealers
We met with a dealer the other day who told an alarming tale. A customer came into the store interested in purchasing a vehicle. They provided their driver’s license, that the dealership promptly validated with an ID scanner, and seemingly current insurance cards. With all appearing to be in order, the customer took delivery of […]
Gather CEO to Speak at the NMIADA Annual Conference
The New Mexico Independent Auto Dealer’s Association is hosting their annual conference on November 1st – 3rd at the Isleta Resort & Casino in Albuquerque, New Mexico. Gather’s CEO, Jim Maxfield, will be speaking there in a session titled “Navigating Compliance, Verification & Validation.” more The administrative hurdles of auto dealers are growing more complex […]
NHAA & Gather Partner to Bring Hispanic Auto Dealers Identity & Insurance Verification Solutions
The National Hispanic Automotive Alliance (NHAA) and Gather are pleased to unveil their new partnership. This collaboration will introduce Gather’s identity and car insurance verification solutions to NHAA dealer members at a special introductory price. more The NHAA is an organization dedicated to supporting both Hispanic car buyers and the 20,000 independent automotive dealers who […]
Caribou: Yet Another Entity Challenged with Insurance Profitability
Previously known as MotoRefi, Caribou—a fintech startup founded in 2016—recently removed insurance-related services from its website. Since its establishment, the company has raised a total of $189.1M and primarily provides refinancing solutions to consumers securing auto loans from dealerships during new vehicle purchases. At one point, Caribou also facilitated comparison shopping for insurance policies on […]
The Elephant in the Dealership: How Insurance Rate Hikes Are Hurting Car Sales & What to Do About It
Every corner of the news seems saturated with reports of surging auto insurance rates sweeping the nation. Rates have increased an average of 17% in the US with states like Nevada, Colorado, and Florida, that have been particularly hard hit, witnessing rate surges over 50% in the last year alone. Adding salt to the wound, […]
Gather Embarks on Growth Spree, Adding Key Sales Executives to Propel Its Unique Insurance Verification Solution
PRESS RELEASE — Fort Myers, FL | August 25, 2023 — Gather, a leading insurtech innovator, proudly announces the expansion of its sales team with the addition of two automotive industry experts: Christian Salazar as Chief Sales Officer, with a focus on the Midwest region of the United States, and Michael Gaughran as Regional Sales […]
Driving Change: How Gather is Transforming Insurance Administration in Retail Automotive
Ever since the dawn of the Information Era in the mid-20th century, numerous industries have found ways to harness technology to innovate and improve business operations. This technological embrace dramatically transformed the retail automotive world, notably with the introduction of the Dealer Management System (DMS). However, since this seminal development, innovation has somewhat plateaued, with […]
Gather Applauds Lithia’s Intent to Target Consumer Insurance in 2025 and Beyond
In a recent Automotive News article, Lithia elaborated on their ambitious goal to achieve $50 billion in revenue by the close of 2025. An assertive plan that involves persisting in the acquisition of businesses in both vertical and adjacent markets, specifically highlighting consumer insurance. Gather, an innovator in the insurtech landscape, has been closely following […]
CDK’s Salty Closure: Unmasking the Reality of Embedded Insurance in Auto Dealerships
Automotive News announced on July 28th, 2023 that CDK plans to shut down Salty as part of an effort to “focus our investments on innovation and market growth.” The news has certainly sparked a stir in the industry. However, for some insiders like Gather, this move doesn’t seem as shocking. Led by CEO Jim Maxfield, […]