Along with finalizing a commercial agreement with Inmar Intelligence, Modal, which  that provides e-commerce tools to dealers and brands, this week announced its newly appointed chief executive officer. Taking over the role is an executive who already has been with the company since last August, as chief operating officer Sameer Bhalla has been chosen to […] [Read More]

Carvana announced both its entry into Nebraska and a new milestone on Wednesday: surpassing 300 overall markets. The used-car ecommerce platform is now available in Omaha (its 300th market) and Lincoln (No. 301). “It feels like not so long ago that we launched our first market and set out to change the way people buy and […] [Read More]

AutoWeb has purchased used-vehicle acquisition platform CarZeus from founder Phil Kandera and McCombs Family Partners in a $400,000 all-cash transaction announced Monday. CarZeus, which is currently available in the San Antonio market, is designed to buy cars directly from consumers and then wholesale those vehicles. Bringing CarZeus into the AutoWeb fold can help the company […] [Read More]

When CarGurus purchased a majority stake in CarOffer this winter, one of the benefits to the deal was that it could give CarGurus dealer partners another digital avenue to source used inventory. That capability came to fruition Friday with the launch of CarGurus Instant Max Cash Offer, a CarOffer-powered platform that allows dealers to acquire […] [Read More]

In addition to some big names in automotive, the Series B financing round announced by ecommerce platform Rodo on Tuesday also includes a group tied to the star of the “Ride Along” movies. What now? Let me explain. Rodo’s $18 million Series B funding was led by Holman Enterprises and Evolution VC Partners, with participation […] [Read More]

Konect Ai wants to be a leader in automotive artificial intelligence, so the company is turning its leadership over to an executive whose professional career includes stints with Cox Automotive, eCarList and Dealer.com On Friday, Konect Ai named Jerry Salerno as president as the company looks to expand further into the North American automotive industry. […] [Read More]

The CarDr.com smartphone vehicle appraisal app now includes even more information. This week, the company fueling the tool that combines pricing and OEM level on-board diagnostics (OBD) by Bluetooth connection announced a real-time integration with CARFAX to incorporate a vehicle’s history. The company highlighted the integration of a vehicle’s history combined with CarDr.com’s proprietary OBD […] [Read More]

Drivably is launching an online community that allows consumers to instantly sell their cars to dealers, who bid on the vehicles through an online auction. While the exact format is being ironed out, that auction will have a similar feel to the online auction platforms dealers currently use, says Drivably founder and CEO Tyler Hall. Hall […] [Read More]

The blending and blurring of the wholesale and retail used-car markets continues. Drivably announced a new online community Thursday that allows consumers to instantly sell their cars to dealers, who bid on the vehicles through an online auction. Essentially, Drivably Marketplace gives dealers “exclusive access” to much-needed used vehicles and consumers a quick-and-easy way to […] [Read More]

UVeye, an automated vehicle-inspection systems developer, announced a $60 million Series C funding Wednesday that includes investment from CarMax, W.R. Berkley Corporation and F.I.T Ventures, along with a group of Israeli institutional investors. Prior investors include the likes of Volvo Cars, Hyundai Motors and Toyota Tshusho. W.R. Berkley, also a prior investor, is a North […] [Read More]