Car sharing platform Turo announced this week that it has publicly filed a registration statement on Form S-1 with the Securities and Exchange Commission relating to the proposed initial public offering of its common stock. Despite sustaining a net loss of $97.1 million during 2020, Turo believes company stock is attractive because of what it […] [Read More]

With intentions of aggressively expanding its team and plans to nearly double its employee base in the coming year at its corporate offices in Kansas City, Mo., and Bettendorf, Iowa, ProMax filled a pair of top executive positions on Monday. After previously announcing Mike Dullea as chief executive officer, and coupled with additional investments, ProMax […] [Read More]

Carmigo recently appointed a new chief operating officer whose previous experience includes work with firms such as Orbee, Cox Automotive and Bain & Co. The online vehicle marketplace for individuals to sell their cars welcomed Daniel Kim as COO. According to a news release, Kim brings more than 10 years of technology experience in the automotive […] [Read More]

Free2move is continuing to broaden the footprint of its car sharing services. Last month, the company ventured into the Lone Star State. On Monday, Free2move announced availability in five of California’s largest cities, including San Francisco, San Diego, San Jose, Sacramento and Los Angeles. Along with those five markets in the Golden State, as well […] [Read More]

The beginning of a new year often is filled with promotions for exercise; perhaps even using a personal fitness trainer at a gym. Well, Rapid Recon is taking a similar approach with its newest service to help dealerships get in better shape with regard to its inventory standing tall on the front line faster. The […] [Read More]

DealerOn began 2022 by welcoming a new chief sales officer. Bringing 25 years of experience driving revenue, profitability and performance as a leader in the automotive industry, the digital marketing technologies provider for manufacturers and dealerships hired Bill Wittenmyer for this position.  As a former partner at ELEAD and vice president of sales at CDK […] [Read More]

Vroom will begin a new year with a new executive filling a newly created leadership position to oversee key functions such as vehicle acquisition and reconditioning. Late on Thursday, the online used-vehicle retailer announced the appointment of Thomas Shortt as chief operating officer, effective Jan. 3. Since 2018, Shortt has served as senior vice president […] [Read More]

Your store inventory could look more appealing to potential buyers who are shopping online via an expanded strategic partnership Sincro and SpinCar. The automotive digital marketing firm and provider of digital automotive engagement software announced this week that their enhanced alliance is geared to brings automated 360-degree walkarounds to more than 3,000 U.S. auto dealers. […] [Read More]

Despite only three weeks remaining in 2021, this year’s M&A activity still is going strong with the newest development coming on the vendor front. On Monday, 360Converge, a provider of communication workflow automation in automotive, announced the acquisition of Valuinsight, an inventory analysis platform that can enable automated equity mining for inventory acquisition. The company […] [Read More]

SiriusXM already has working relationships with a variety of automakers, including one with Jaguar Land Rover North America solidified earlier this year as well as alliances with Mazda, Kia and General Motors forged in 2020. On Monday, the satellite radio company announced a relationship in the service space. SiriusXM and AAA Club Alliance (ACA), the […] [Read More]