Used-car ecommerce platform Vroom has secured a $254 million Series H round of funding led by Durable Capital Partners LP. Among other purposes, these funds will be used to expand Vroom’s new product and engineering hub in Detroit. The round, announced Friday, means Vroom now has $721 million in total funding. Also participating in the […] [Read More]

This piece, the full version of which appears in the upcoming Dec. 15 print edition of Auto Remarketing, delves into the recent quarterly results and developing trends at publicly traded online auto marketplaces CarGurus, Cars.com and TrueCar. Each of these companies released their third-quarter results in November and held accompanying earnings calls. We share the top-of-mind trends at […] [Read More]

Amazon recently announced the order of 100,000 electric vans to be delivered by 2030. For perspective, that’s more vehicles than FedEx currently uses worldwide. Of the many points of discussion around autonomous electric vehicles and the services they are expected to deliver, one underrepresented topic is the battery capacity of electric vehicles and the limitations […] [Read More]

A new integration between Uber for Business and dealer service department communications and payments software provider myKaarma could help dealerships reduce shuttle costs and guest wait times, decrease the number of days needed for loaner cars and simplify travel management, according to the companies. The companies say the integration can provide dealer service departments with an efficient transportation method […] [Read More]

This piece, the full version of which appears in the upcoming Dec. 15 print edition of Auto Remarketing, delves into the recent quarterly results and developing trends at publicly traded online auto marketplaces CarGurus, Cars.com and TrueCar. Each of these companies released their third-quarter results in November and held accompanying earnings calls. Here are some of the […] [Read More]

Tim James says videos that promote manufacturers’ monthly incentives are “one of the most-used and desired types of marketing content.” James is chief operating officer for Flick Fusion, which offers a video hosting, marketing and distribution platform to automotive and other inventory-based industries. The company on Monday introduced Dynamic Marketing Videos, or DMVs, for auto dealerships, […] [Read More]

CarNow senior vice president of product and business development Aaron Baldwin believes that Northwood University is “best in class in producing talented automotive leaders.” Northwood University specializes in managerial and entrepreneurial education. “We are confident that our future talent will come from schools like Northwood,” Baldwin said in a news release. Many students attend Northwood […] [Read More]

Dealership management system software company Auto/Mate Dealership Systems works to keep employees happy in the current challenging environment for attracting and retaining employees. Auto/Mate employees receive perks such as an onsite gym, tuition reimbursement, casual dress environment, wellness program, employee discount programs and paid time off for volunteering. The company also hosts events to make […] [Read More]

ShipYourCarNow made another move on Friday in an effort to deliver vehicles to dealerships as quickly as possible. The transportation, technology and service provider announced it has become a participant in the CDK Global Partner Program, one of the largest third-party marketplaces of automotive applications and integrations. As a member of the CDK Partner Program, […] [Read More]

As potential vehicle buyers arrive at dealership showrooms during the holiday shopping season, MAX Digital rolled out its latest solution designed to keep the atmosphere merry when it comes to finalizing trade-in values. MAX Digital just launched MAX Trade Value, which the company described as a smart valuation tool that leverages deep market data to […] [Read More]