Groupe PSA jumps into peer-to-peer used-car sales

Auto Remarketing Staff

Groupe PSA is getting into the peer-to-peer used-car sales with the launch of Carventura.com. This development not only broadens the company’s used-car presence, but aligns with its Push to Pass plan, a tenet of which includes “digital transformation.” The Carventura site aims to add some security... Read More

Podcast: Vince Zappa of Clutch Technologies

Auto Remarketing Staff

In this week’s episode, Joe heads to Atlanta to talk with Clutch Technologies president Vince Zappa about the how vehicle subscription works.   Clutch is a provider of software that facilitates this alternative car ownership model, which allows drivers to “flip” into new cars based on their needs... Read More

Black Book becomes AutoAlert valuation partner

Auto Remarketing Staff

Black Book announced Thursday it has partnered with AutoAlert to populate the data-mining and communication solution’s algorithms with its vehicle valuation data. “With the addition of Black Book, our dealer customers will have access to the industry’s most accurate vehicle valuation data, which can... Read More

Auto Remarketing Staff

Search Optics announced Wednesday it has appointed Tabi Elbahou as senior vice president of global enterprise sales to oversee the company’s continued international expansion. For almost a decade, Elbahou most recently served as director of operations for AutoAnything.com, a subsidiary of AutoZone, where he... Read More

Auto Remarketing Staff

Cars.com has brought back Andy Jacobson, who will be its new senior vice president of national sales.  Jacobson most recently served as vice president of client development at digital media company Conversant, but held several sales and marketing posts at Cars.com from 2004 to 2012.  In his new role,... Read More

Auto Remarketing Staff

Cars.com announced recently that the company has improved its search experience and enhanced its vehicle inventory pages via an expansion of its suite of pricing tools with the rollout of "Badging," which uses machine learning to assess the closest comparable vehicle for shoppers. The site’s latest... Read More

CarGurus is now publicly traded company

Joe Overby, Senior Editor

CarGurus is now officially a publicly traded company. The online automotive marketplace announced pricing on an initial public offering of 9.4 million shares of its Class A common stock on Wednesday ($16.00 per share before underwriting discounts), and then on Thursday, the shares began trading on the Nasdaq Global Select... Read More

Auto Remarketing Staff

Fastlane announced it has chosen Market Scan to be the company’s financial data supplier. Market Scan will provide the company with both real-time payment and rebate information tracked from car manufacturers, banks and credit unions. Fastlane offers dealers both an Amazon-like checkout process and a customized... Read More