No, that’s not a typo in the headline of this report. On Monday, Copart announced that it has opened its third location in Germany. The facility is located at Bruchmühlbach-Miesau, near Mannheim, Germany. Copart indicated the first vehicle auction at the new Mannheim location will be on Tuesday. “Our buyers’ appetite for vehicles in Germany […] [Read More]

HyreCar bolstered its leader team again on Monday by naming another c-level executive. The carsharing marketplace for ridesharing announced the appointment of Henry Park, who HyreCar considers to be a widely respected digital marketing thought leader, as chief operating officer. Park arrives about a month after HyreCar announced the appointment of Scott Brogi as its chief […] [Read More]

One of the presenting sponsors of Used Car Week 2018 — Digital Recognition Network — recently set a new company record. The artificial intelligence and data analytics company that provides vehicle location data and analytics to finance companies, insurance carriers and other commercial verticals, recently announced the company has reached a key milestone, facilitating the […] [Read More]

There’s been another change in ownership within the floor-planning space. Sopra Steria, a European leader in digital transformation, recently announced the acquisition of lending solutions provider Sword Apak, a subsidiary of Sword Group. Sopra Steria has acquired, through its subsidiary Sopra Banking Software, 100 percent of Sword Apak, which develops specialized solutions for auto financing […] [Read More]

Equifax has a new leader for its automotive endeavors. On Monday, Equifax named Byron McDuffee as automotive general manager to be responsible for leading the company’s automotive business, focusing on expanding enterprise solutions sales opportunities within the automotive market, as well as the continued development of strategic opportunities for products that are designed to offer […] [Read More]

RumbleOn, which has initially focused on motorcycles and other powersports vehicles, has had its eye on “adjacent markets.” Friday, it expanded into one of those: the automobile market. The company — which provides an ecommerce platform for dealers and consumers to buy, sell, trade and finance pre-owned vehicles — announced definitive agreements to purchase Wholesale, […] [Read More]

Groupe PSA has officially launched its Free2Move Carsharing and mobility services in the U.S., with Washington, D.C. as its first market. The group — which includes the Peugeot, Citroen, DS, Opel and Vauxhall  brands — began its “free-floating” car-sharing services in D.C. on Thursday with 600 vehicles throughout the eight wards of the district. Free2Move […] [Read More]

Reconditioning is a vital part of most any retail used-car sales operations, including those in the growing standalone pre-owned store space. With that in mind, EchoPark Automotive — which is Sonic Automotive’s chain of used-car stores — has lined up auto reconditioning software provider AutoMobile Technologies to provide workflow automation software to its reconditioning facilities, […] [Read More]

Kerrigan Advisors has expanded to the East Coast. The California-based firm, which advises dealers on the sell-side of M&A, has opened its second office, setting up shop in the Washington, D.C. metro area. The D.C. office will be led by Gabe Robleto, who joins the company as vice president of buy/sell advisory. Robleto was most […] [Read More]

Sagent Lending Technologies, a joint venture between Fiserv and Warburg Pincus that was previously known as Fiserv Lending Solutions, made a move this week to help auto lenders protect against fraud. The company has integrated the Cross Check identity verification and fraud prevention solution from Innovis Data Solutions into its auto loan origination system. So […] [Read More]