Auction Edge and Carbly have teamed up to launch the Pipeline Market Report, a vehicle pricing guide powered by sale data from independent auctions. The data is composed of near real-time results from Auction Edge partner auctions, with pricing based on actual transactions, the companies said in a news release. “Independent auctions are moving so […] [Read More]

TrueCar has added a new director to its board, announcing the election of Match Group chief strategy officer Faye Iosotaluno on Thursday. Iosotaluno has held that role at Match since February 2020, previously serving as senior vice president for new business initiatives. Her background also includes time with SoundCloud where she was vice president for […] [Read More]

As KAR Global chief economist Tom Kontos just highlighted, wholesale prices continue to rise. To help consignors take advantage of the situation, ADESA deployed a new tool on Thursday to enhance the reconditioning process and optimize return on investment for sellers. By leveraging millions of data points on vehicles, repairs and sales, the company highlighted […] [Read More]

Ravin AI co-founder and CEO Eliron Ekstein is back on the Auto Remarketing Podcast to talk about the investment appetite in the inspections space, the importance of inspections technology in the wholesale car market and the role of artificial intelligence. Plus, Ekstein shares a preview of the "Damage Detection" panel he's participating on at the […] [Read More]

Spiffy has landed a $22 million Series B financing round. The on-demand car care, tech and services company plans on using the investment for the rollout of new Spiffy markets, growing franchise territories and launching new service offerings. Tribeca Venture Partners led the round, which also included participation from existing investors Bull City Venture Partners, […] [Read More]

Hertz has its sights set on offering North America’s largest electric vehicle rental fleet and is turning to Tom Brady for a marketing spark. As part of a major EV investment announced Monday, the rental car giant plans on an initial order of 100,000 Teslas by the end of next year. Hertz is also investing […] [Read More]

Finding a used vehicle that’s ripe for healthy gross and a satisfied dealership customer is as challenging as ever, especially given the current landscape of wholesale prices and supply. So, Cox Automotive strengthened one of its crucial tools dealerships can use to build their inventories without having to depend on the wholesale market completely. The […] [Read More]

Vroom launched a new television commercial on Tuesday that features New York Knicks All-Star Julius Randle, but the online auto retailer also made a move this week that may be of interest to fans of the Houston Rockets, as well. First the new ad. The spot featuring Randle began airing Tuesday during local NBA games, […] [Read More]

Joyride Autos, which is online auction platform that provides a marketplace for “undervalued” cars, has brought on a former IAA executive as its first-ever chief product and technology officer. Hired for that role is John Krupnik, who was chief information officer at IAA for 14 years. “We’re the first mover in a market that historically has […] [Read More]

AutoMiner and Covideo now are working together, so dealers can leverage the capability of video to boost activities in both sales and service. Last week, the automotive data mining platform released an integrated video messaging tool using Covideo’s proprietary technology, allowing its users to record, send and track videos through the platform. The companies indicated […] [Read More]