Consumers who need a bit of guidance picking out an electric vehicle could find some relief in a new app released by AutoMotion. The company, which is a provider of consumer-focused automotive apps, said it works with a network of more than 3,500 franchised dealers who offer AutoMotion users “a simplified, app-based, personal experience tailored […] [Read More]

Late-model auction volume showed some decline heading into the final month of 2018, according to the latest Guidelines report from J.D. Power Valuation Services. Through 11 months, however, year-to-date volume was still beating year-ago figures by 4.7 percent, the report said. For context, late-model auction volume had climbed 5.3 percent through 10 months of 2018. As […] [Read More]

HyreCar recently added an executive with three decades of experience in the dealership trenches. The carsharing marketplace for ridesharing announced that Brian Allan has been appointed to lead its OEM- and dealer-based shared mobility initiatives and strategic alliances. Allan brings 40 years of total experience within the automotive industry to HyreCar. For three decades, Allan […] [Read More]

It’s the midst of winter and the analysts at J.D. Power Valuation Services are still seeing the impacts of what happened in the wholesale market during the summertime. The December installment of Guidelines included the forecast of how wholesale prices would land for 2018. Analysts explained that because of the “exceptionally strong performances observed over […] [Read More]

Before the holidays arrived and political strife caused another federal government shutdown, Kerrigan Advisors released its third quarter report that highlighted dealership buy/sell transactions increased 20 percent year-over-year. The Blue Sky Report generated by the firm also pointed out that 2018 will be the fifth consecutive year of more than 200 buy/sells transactions and among […] [Read More]

Two recovery industry providers aligned before 2018 to benefit their finance company clients. MBSi Corp., a member of the Automotive Intelligence Council and provider of repossession assignment software and vendor compliance solutions, and Servicing Solutions, an organization specializing in primary and back-up servicing, announced a partnership to provide a seamless asset recovery process for auto […] [Read More]

Members of the American Recovery Association (ARA) can leverage a new opportunity in 2019. ARA, in partnership with Harding Brooks Insurance Agency, announced the newest benefit of the ARA membership and what the association believes is the first of its kind: a guaranteed $10,000 ($20,000 accidental death, no questions asked) life insurance policy that covers […] [Read More]

GWC Warranty is opening 2019 with a reinforced staff to highlight its used-vehicle service contracts sold through dealers. The company recently announced the addition of Andrew Huber as its new product strategy manager. As a member of the marketing department, Huber will be responsible for managing GWC’s suite of products while evaluating new opportunities for […] [Read More]

Car-as-a-service provider Fair announced a $385 million Series B financing round on Thursday that is led by SoftBank. Also participating in the round were Exponential Ventures, Munich Re Venture’s ERGO Fund, G Squared and CreditEase. The round, Fair said, “is subject to receipt of regulatory approvals and satisfaction of other customary closing conditions.” Fair plans […] [Read More]

Online dealer-to-dealer wholesale marketplace ACV Auctions announced a $93 million Series D funding round on Wednesday, bringing its total funding raised since 2015 to more than $145 million. Bain Capital Ventures and Bessemer Venture Partners led the round, which also included Future Fund, Tribeca Ventures and Armory Square Ventures. This round gives ACV the ability […] [Read More]