Online peer-to-peer used-car marketplace TRED has landed $25 million in Series B funding that it plans to use for expanding its products, locations, partnerships and engineer team.    Participating in the round were new and existing inventors. That group included Vivek Raj of Geneses Capital Management, Westlake Financial’s Ian Anderson and CMFG Ventures’ Mike Kraus. […] [Read More]

On Tuesday, UVeye named a new vice president for North American sales who previously held executive roles at KAR Global, BacklotCars and Cox Automotive. Taking on this role for the supplier of automated vehicle inspection systems is Jamie Anderson, who will be based in Charlotte, N.C. Prior to joining UVeye, Anderson was vice president for […] [Read More]

HyreCar has an ambitious goal it wants to reach in four years. On Thursday, HyreCar took another step toward it with moves that include increased financing capacity for one of its key partners. The carsharing marketplace for ridesharing, food and package delivery services announced an expanded strategic partnership to significantly increase vehicle supply in key markets on […] [Read More]

Shift Technologies co-chief executive officer Toby Russell will step from that position on Feb. 1, but will remain on the board of directors, the automotive ecommerce company said Thursday. Russell will remain a strategic advisor for Shift. Shift co-CEO George Arison will become sole CEO on Feb. 1. And in a transition that began Thursday, […] [Read More]

Limited vehicle supply and increased consumer demand does not mean dealers should pull back from advertising.  Dealers should remain focused on a few key strategies, such as shifting advertising spending to help with inventory acquisition instead of customer acquisition — or identifying which set of cars are sitting on the lot longer than others. It […] [Read More]

LotLinx named a chief operating officer on Wednesday, hiring longtime tech and digital media executive Adrian D’Souza for the position. D’Souza’s background includes time in leadership positions with Quantcast, Google, CNET Networks, Intersection and IAS. "Adrian understands go-to-market strategies and customer satisfaction in a way that few executives can hope to, and he has unparalleled […] [Read More]

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]