Car-sharing start-up HyreCar sought to generate $10.5 million via an initial public offering deployed in early June. The company surpassed that goal by more than $2 million On Friday, the company announced the closing of its IPO of 2,520,000 shares of its common stock at a price of $5 per share. HyreCar has received total […] [Read More]

Auto Data Direct founder and president Jim Taylor recently received the highest National Independent Automobile Dealers Association award for non-dealers at the 72nd annual NIADA Convention and Expo in Orlando, Fla. Taylor is the newest and 30th auto industry leader to be inducted into NIADA’s Ring of Honor, the association announced Wednesday. Taylor was honored during the […] [Read More]

In addition to Columbus Fair Auto Auction's Chuck Dearing’s decision to enter semi-retirement, CFAA announced Thursday that it has appointed new directors of company operations and dealer sales. After 20 years with the company, CFAA general manager Chuck Dearing will take on a sales role requiring him to travel around the central Ohio area, according […] [Read More]

This week, Carfax welcomed a unanimous decision by a three-judge panel of the United States Court of Appeals for the Second Circuit upholding the ruling of the District Court to dismiss a lawsuit filed against Carfax by Maxon Hyundai Mazda and approximately 470 dealers. Carfax said the Court of Appeals agreed that the dealers’ arguments […] [Read More]

Two partners in retention marketing and retention plans have come together to provide dealership prepaid maintenance plan and loyalty rewards customers a speedier service check-in experience that helps advisers yield more time for additional customers. The provider of prepaid maintenance (PPM) customer retention plans Fidelis PPM announced Tuesday that it has entered a new partnership with SmartTech Enterprises to simplify […] [Read More]

Doug Marohn discusses his return to Nicholas Financial now as the president and chief executive officer of the Florida-based subprime auto finance company and why the branch-office model works for the provider. The full discussion can be found below. Download and subscribe to the Auto Remarketing Podcast on iTunes or on Google Play.  You can also listen to the latest episode […] [Read More]

In this episode, Black Book's Anil Goyal shares the most important factors impacting wholesale vehicle prices this year as well as how representatives watching the lanes every week help to shape the company's forecasts. The full discussion can be found below. Download and subscribe to the Auto Remarketing Podcast on iTunes or on Google Play.  You can also listen to the […] [Read More]

With eight individual model wins racked up, General Motors of Canada beat out all other automakers for the most Vincentric Best Fleet Value in Canada awards this year. Vincentric announced Tuesday that in addition to eight wins for GM of Canada, Ford Motor Co. of Canada follows closely behind with a total of six fleet award-winning models. […] [Read More]

Michael’s Auto Plaza in East Greenbush, N.Y., accepts bitcoin — a perhaps more well-known, but still very little understood cryptocurrency — as payment for vehicle purchases. The reason is simple, said Michael Severance, the used-car store’s sales manager. If his customer has bitcoins and wants to buy a vehicle, he wants to sell it to […] [Read More]

Amid the heat stemming from rising summer temperatures, consumers are flocking to sports and performance brands like Porsche, says Brian Miller, senior web analyst, strategic insights at Jumpstart Automotive Media. Jumpstart Automotive Media recently announced new insights into the top fastest growing brands after taking a close look at which brands experienced the largest boost […] [Read More]