Fair, an app that provides used-car leasing to consumers on a flexible basis, announced two major investments on Friday. The company said it is closing a BMW i Ventures-led strategic funding round that also includes investments from Penske Automotive Group, among other strategic investors. Additionally, Fair has secured a total of nearly $1 billion in offers […] [Read More]

TradeRev announced three executive changes Thursday, including sales team promotions and additions following KAR Auction Services recent acquisition of remaining interest in the company earlier this month. In 2014, KAR purchased a 50-percent stake in TradeRev and over the next four years, acquired the remaining interest for $50 million in cash and an additional $75 […] [Read More]

Groupe PSA is getting into the peer-to-peer used-car sales with the launch of Carventura.com. This development not only broadens the company’s used-car presence, but aligns with its Push to Pass plan, a tenet of which includes “digital transformation.” The Carventura site aims to add some security for both buyers and sellers in a market that […] [Read More]

In this week’s episode, Joe heads to Atlanta to talk with Clutch Technologies president Vince Zappa about the how vehicle subscription works.   Clutch is a provider of software that facilitates this alternative car ownership model, which allows drivers to “flip” into new cars based on their needs at the moment. For instance, you need […] [Read More]

Black Book announced Thursday it has partnered with AutoAlert to populate the data-mining and communication solution’s algorithms with its vehicle valuation data. “With the addition of Black Book, our dealer customers will have access to the industry’s most accurate vehicle valuation data, which can make a significant difference in elevating profit potential,"  AutoAlert general manager […] [Read More]

Search Optics announced Wednesday it has appointed Tabi Elbahou as senior vice president of global enterprise sales to oversee the company’s continued international expansion. For almost a decade, Elbahou most recently served as director of operations for AutoAnything.com, a subsidiary of AutoZone, where he led all aspects of online sales and directed customer service across the […] [Read More]

INFINITI drivers in the U.S. can now control vehicle features such as unlocking, locking, remote-start and more using newly integrated Amazon Alexa Skills designed to interact with their vehicles, the company announced Tuesday. INFINITI said it has expanded already-available features within INFINITI InTouch Services and INFINITI Connection to integrate the new Amazon Alexa Skills now […] [Read More]

CarStory announced Tuesday general availability of CarStory Leaderboard, a new service that uses AI and machine learning to predict both when and for how much a vehicle will sell in a local market. CarStory Leaderboard uses the same advanced technology that it built into CarStory Insights and is currently available for free at leaderboard.carstory.ai. "CarStory […] [Read More]

Cars.com has brought back Andy Jacobson, who will be its new senior vice president of national sales.  Jacobson most recently served as vice president of client development at digital media company Conversant, but held several sales and marketing posts at Cars.com from 2004 to 2012.  In his new role, Jacobson will head the team supporting Cars.com’s […] [Read More]

With more shoppers spending time online before ever arriving at the showroom, Cars.com highlighted the six improvements the vehicle listings site recently completed. Cars.com explained that it has unveiled an improved search experience for its users, streamlined its search results pages, enhanced its vehicle inventory pages with rich visualization and expanded its suite of pricing […] [Read More]