In a wide-ranging update shared late Thursday afternoon, Cars.com confirmed it has initiated a cost-reduction program, which includes workforce trimming of approximately 11% of its full-time positions, along with process changes and vendor cost optimization. The company said in a news release the moves are expected to generate $25 million to $30 million in recurring […] [Read More]

Numa is moving into new territory. The artificial intelligence platform for dealership service department customer operations has acquired AI sales platform Ficus, a deal designed to accelerate Numa’s expansion into dealership sales and variable operations. “This has been a defining year for Numa,” founder and CEO Tasso Roumeliotis said. “Dealerships are moving from fragmented software […] [Read More]

AVILOO, a Europe-based provider of electric vehicle battery diagnostics that entered the U.S. market in 2024, now has a leader for its American operation. Auto industry veteran Brett Lippel has been named CEO of AVILOO Northern America to drive strategic growth and nationwide adoption of its battery testing technology. His mission, the company said, is […] [Read More]

The automotive wholesale ecosystem has always relied on trust. Dealers trust auctions. Auctions trust carriers. Carriers trust brokers. And somewhere in the middle of that chain, vehicles move across the country every day with the expectation that they will arrive where they are supposed to, in the condition they were sold. Most of the time, […] [Read More]

Concluding our inaugural Industry Elite: The C-Suite honoree series is a conversation with Tony Rimas, who is vice president of global revenue at XPEL Inc. Rimas — an avid biker who swam and ran track & field and cross country in college — talks with Cherokee Media Group senior editor Joe Overby about a career […] [Read More]

There’s a new used-car marketplace in town — if your town is in Arizona. UsedCars.com, powered by AutoWeb, announced the regional launch of its marketplace, billed as “zero-risk”, in Arizona, beginning with dealers in the Phoenix, Prescott, Mesa and Tucson markets. In a news release, AutoWeb said the platform connects buyers with dealers at the […] [Read More]

Cox Automotive’s EV Battery Solutions business isn’t done even when a battery is. The company announced it has reached a milestone in electric vehicle battery recycling, having processed and recovered more than 10 million pounds of black mass — material containing minerals that can be refined and reused to help produce new batteries — from […] [Read More]