PSA North America’s Free2Move Carsharing Services launched late last year, calling itself a “free-floating carsharing company” in Washington, D.C. with no reservations required. Users can end their trip at any metered or residential parking area, and insurance and gas are included. The company said on Wednesday that it has reached a new milestone: 10,000-members. PSA’s […] [Read More]

A 2018 independent vAuto research study found that dealers make 22 trades per month on average. But 17.7 percent of those trades are a loss, according to dealer self-reported data.  vAuto, which is part of Cox Automotive, said that new functionality from its Conquest platform helps dealers make informed decisions on every inbound trade. New […] [Read More]

Digital retail is the "wave of the future" and a key focus area for DealerSocket this year.  In this episode recorded at NADA Show 2019 earlier this year, chief executive Sejal Pietrzak and chief product officer Brad Perry talk about that focus, artificial intelligence/machine learning and more. Plus, Pietrzak, who is a youth basketball coach, talks […] [Read More]

Perhaps for about the same amount as the fee you might have incurred using the ride-sharing service during your most recent business trip, you, too, can secure a public share offered by Lyft. In hopes of generating more than $2 billion, Lyft on Thursday announced the pricing of its initial public offering of its Class […] [Read More]

Ford autonomous vehicle engineer Leda Daehler remembers having a challenging vehicle shopping experience, searching for a Lincoln MKZ with a tan interior and adaptive cruise control. And Daehler had to drive eight hours to pick it up. Daehler’s fellow Ford engineer Arnold Kadiu experienced similar vehicle-buying frustrations. The two engineers came up with an idea […] [Read More]

Attending high school in St. Louis in the 1950s, former U.S. Congressman Richard Gephardt came of age in the “golden age of automobiles.” The post-World War II period brought about ambitions of vehicle ownership, he said, as well as a practical sense of vehicle know-how, as many could only afford to do auto repair work […] [Read More]

A company description for KAR Auction Services states that it offers “innovative, technology-driven remarketing solutions” to the global wholesale used-vehicle industry. Now, the company’s Insurance Auto Auctions business is making an investment to take that innovation further.   In what the division is describing as “an insurance claims and remarketing industry first,” IAA is investing […] [Read More]

Perhaps the day is coming soon when dealership service drive personnel or rental fleet staffs already will have a host of information about a vehicle’s tire condition and other data points before the customer even gets in line. Revvo, a Silicon Valley-based startup formerly known as IntelliTire that offers an internet of things (IoT) “smart” […] [Read More]

David Jodat, a senior master technician at Subaru City of Milwaukee in Wisconsin, has been a technician for more than 18 years. But he offers more than just years of service. According to Subaru of America, he possesses superior technical knowledge and skill. For Jodat’s efforts, Subaru of America honored him as the winner of […] [Read More]

Enterprise dealer management system company DealerBuilt has partnered with private equity firm ParkerGale Capital, a move that DealerBuilt says will accelerate the release of in-demand technologies such as an F&I e-signature platform and a corporate electronic document management system. DealerBuilt, formed in 2008 to bring to market an enterprise DMS for automobile dealer and dealer […] [Read More]