Carketa closed a $1.375 million seed round financing in September, and the Utah-based software company finished 2020 by launching an addition to its suite of dealer products. The company announced the addition of the Carketa Digital Condition Report to its suite of valuation, connect and reconditioning applications creating an “Acquisition to Sell” ecosystem. With these […] [Read More]

Stating that the announcement reinforces its dealer-first ethos, connected car platform Dealerware said it is part of a closed marketplace of vendors that Toyota Motor North America has selected to power its “Rent a Toyota” program at more than 850 U.S. dealerships. Dealerware said it now offers a customer-centered and cost-efficient experience for Toyota’s vehicle […] [Read More]

For Ford and Lincoln dealers that don’t already capture enough off-lease turn-ins to meet their inventory requirements, Ford Credit’s dealer-direct purchasing site, Accelerate, is now integrated with vAuto’s Stockwave used vehicle platform. In an effort to save time and energy, vAuto explained in Thursday’s announcement that the new integration can help eliminate the guesswork of […] [Read More]

There's a new player in the vehicle-history space.  VINData Products, led by veterans of this space, has launched a vehicle history service designed for a wide scope of the used-car business: commercial users, dealers, auctions and consumers, alike.  Edie Hirtenstein and Adam Siner joined the Auto Remarketing Podcast earlier this week to share the story […] [Read More]

The landscape of new (and often digital) entrants to the used-car retail space has reached an interesting point. Companies that were startups just a few years ago are now publicly traded and making acquisitions to boost their arsenal. Case in point: Vroom, which has done both the last six months. The online auto retailer, which […] [Read More]

UVeye, a supplier of automated vehicle inspection systems, has named three individuals to senior sales management positions. Michael Kirk, Scott Williams and Jim Boehnlein join the company as it plans to open U.S. production and warehouse facilities next year. Kirk joins UVeye as national accounts director, Williams will serve as Midwest regional sales director and […] [Read More]

Now with its acquisition of ALG and the merger with Autodata Solutions finalized, J.D. Power made another move on Tuesday in an effort to be a go-to provider of new and pre-owned automobile transactional data, valuation tools, vehicle feature information and consumer analytics to the industry. According to a news release, J.D. Power announced the […] [Read More]

CDK Global named Eric Guerin to the post of executive vice president and chief financial officer.  Guerin will join the company on Jan. 18, and CDK said that with Guerin’s appointment, Joe Tautges will be able to complete his transition to chief operating officer early next year. Set to be based in the company’s Hoffman […] [Read More]

Vroom said Tuesday it has signed a deal to acquire CarStory through the purchase of its parent company, Vast Holdings. The deal is worth approximately $120 million, subject to adjustment, and is comprised by roughly 60% cash and 40% Vroom common stock.  The exact cash-stock split will be determined when the deal closes, which is […] [Read More]

ReviverMX Inc. is developer of what it describes as the world's first digital license plate, and the plate works through an encrypted app with the ability to renew auto registration without paperwork and display various designs and banners. On Tuesday, ReviverMX said Black Star Fund has made a “significant six-figure” equity investment in the company. […] [Read More]