What is the difference between innovation and disruption? Is there a difference at all?  What areas of the wholesale remarketing industry are being disrupted, and what areas are ripe for change? Those are some of the questions posed during a session here at the Conference of Automotive Remarketing, and undoubtedly on the minds of many […] [Read More]

Mobile wholesale marketplace ACV Auctions has secured $15 million in venture funding in a Series B investment round led by Bessemer Venture Partners that the online auction platform will use to expand into additional markets. ACV secured $5 million in venture capital last year in a round led by Tribeca Venture Partners. It won the 43North […] [Read More]

TrueCar named its executive vice president of OEM development on Tuesday, appointing longtime Edmunds and automaker exec Michael Darrow to the role. Darrow was most recently the chief sales officer at Edmunds, where he worked for more than 14 years in a variety of positions. In the new post with TrueCar, Darrow will head up new […] [Read More]

With a growing network of auctions and what it calls a reputation for making it easier to consign and sell vehicles at auction, AutoIMS has plans to deliver increased upgrades and modernization to its infrastructure this year, according to an outline released on Tuesday announcing the AutoIMS leadership team’s strategy for the year. AutoIMS has adopted a […] [Read More]

TradeRev announced on Tuesday that New York state, Pennsylvania and Dallas auto dealers will now have access to its real-time car auction mobile app that allows dealer users to create a live appraisal auction at any time. “TradeRev creates a simplified, transparent, real-time automotive exchange for dealers, and we are thrilled to bring our technology […] [Read More]

On Tuesday, Black Book announced an agreement to power vehicle trade appraisal for AutoGravity, a mobile auto financing tool that recently surpassed 200,000 downloads of its native iOS and Android smartphone apps. The Internet is increasing in prominence for every part of the vehicle-buying process. A recent survey from eBay Motors found that 87 percent […] [Read More]

CompetitorPro announced that Eric Cotter — former TrueCar vice president of used car product — has joined chief executive officer and founder Steve Greenfield, who started the company in August as the co-founder. In January, Greenfield introduced the CompetitorPro product to dealers at the NADA Convention & Expo. CompetitorPro is an intelligence solutions tool designed just for automotive […] [Read More]

One of the benefits AutoGravity chief marketing officer Serge Vartanov often emphasized during a conversation with Auto Remarketing to discuss the mobile auto financing tool the firm is offering was empowerment. Vartanov discussed empowerment in context of keeping dealerships in an important place of the vehicle-delivery process, but also while providing consumers with additional information […] [Read More]

Reynolds and Reynolds announced late on Thursday that president Ron Lamb has stepped down, effective immediately.  The dealership management system provider said Lamb plans to pursue opportunities in private equity and that the position will not be immediately filled. In making the announcement, Reynolds chairman and chief executive officer Bob Brockman said, “Ron has made […] [Read More]

You know those local watering holes or roadside grills.  License plates adorn the walls like a multi-colored cross-section of the lower 48. Well, those places may have a bit more décor on their hands if the efforts of Reviver continue to gain steam. The San Francisco-based company says it aims to “establish a universal connected […] [Read More]