Less than a week after announcing it purchased the active lease portfolio of Uber’s Xchange Leasing, Fair shared two more big moves on Monday: another round of funding and the purchase of vehicle-delivery app Skurt. As far as the capital raise, Fair secured a round of strategic equity funding that is led by Siemens-backed next47 global […] [Read More]

As the industry continues to fill with new operations looking to streamline vehicle delivery through online technology, an entrepreneur who spent 14 years with Ally Financial is rolling out a platform to connect buyers and dealers where the founder claims a testimonial declares: “Just try it. I promise you will be blown away.” Joydrive, which […] [Read More]

Infomedia announced Monday that it has appointed former Dealertrack Technologies executive Sharon Kitzman as president of IFM Americas following Karen Blunden’s departure. For over a decade, Kitzman most recently served as vice president and general manager of Dealertrack DMS. In addition to working as an executive and consultant to automotive technology companies, Infomedia said that […] [Read More]

GPS solutions provider Ituran USA has become a bronze-level National Corporate Partner, the National Independent Automobile Dealers Association announced Friday.  Ituran is a long-term partner that began supporting NIADA shortly after launching services in the U.S., according to the company. "Ituran is a global leader in the vehicle GPS tracking industry and an innovative technology developer […] [Read More]

VINFactor said Monday it has upgraded the inventory and pricing recommendations within the platform to include stronger vehicle and market intelligence. Additionally, a vehicle appraisal tool has been added to the platform. VINFactor is a free platform for dealers that provides them insight to guide their decision-making.  It is designed to decode vehicle identification numbers to provide […] [Read More]

Auto Market Direct announced Thursday the launch of its used-car marketplace mobile application that is now available in beta to U.S. consumers and dealers. Via the used-car marketplace, sellers can post, and buyers can search, bid and buy all from their mobile device, tablet or desktop. The app features a wide mix of trucks, SUVs, […] [Read More]

AutoIMS recently announced the promotion of Venkat Krishnamoorthy to chief operating officer. Krishnamoorthy most recently served as AutoIMS chief information officer, managing development, support and updates, and is recognized as a critical contributor to the success AutoIMS has enjoyed over the past 20 years since Krishnamoorthy first joined the company 16 years ago. “Venkat understands our industry […] [Read More]

Uber drivers now have flexible vehicle leasing options through Fair. That become official on Tuesday, with the companies announcing that Fair is purchasing the active lease portfolio of Xchange Leasing, an Uber subsidiary. Fair is acquiring the portfolio — which includes existing contracts and vehicles — with equity and debt secured in its recent round […] [Read More]

Autotrader announced a revamp of the car-shopping site Monday with five key upgrades, including online deal-making. This would will allow consumers to start the buying process online through Autotrader and help “move shoppers from searching to buying when they are ready,” the company said. Additional upgrades include seamless cross-device car shopping, the integration of the Kelley […] [Read More]

This week, Joe chats with Mo Zahabi of VinSolutions about whether dealers are meeting the demands of consumers in the car-buying experience, how to mend the online-to-in-store disconnect, what dealers can learn from Amazon and more. Check out the conversation from mid-December below. Download and subscribe to the Auto Remarketing Podcast on iTunes or on Google Play.  You can also listen to […] [Read More]