Work Truck Solutions announced it has secured a strategic majority investment from Rubicon Technology Partners, a Boulder, Colo.-based private equity firm focused on investing in and growing software companies. In a news release, the software provider said it “remains committed to its leadership role in the commercial vehicle market by delivering the same thoughtful software, […] [Read More]

To support M&A Cybersecurity Awareness Month, BlackSwan Cyber is offering complimentary cyber screening throughout March, providing lower middle-market deal teams with a fast and efficient way to assess cyber risks before closing. The boutique M&A advisor, exclusively focused on helping private equity firms, M&A advisors, and deal teams assess cyber risk in transactions, said cyber […] [Read More]

On Tuesday, Solifi, a global fintech software partner for secured finance, announced the appointment of Karan Oberoi as its new chief product officer. The company said Oberoi brings a wealth of experience to Solifi, having previously served as chief product officer with Backbase, a leading engagement banking platform in The Netherlands used by top tier […] [Read More]

Casey Ivins of the Costco Auto Program returns to the Auto Remarketing Podcast to talk about the latest moves from the program in the certified pre-owned segment, expanding the number of used cars available for Costco members and why affinity programs make sense for retailers and automakers. Ivins also talks with Cherokee Media Group senior […] [Read More]

With wrongful repossessions costing finance companies and forwarders up to an estimated $1 million annually, MBSi has introduced a solution which significantly reduces lien lost risk and associated costs. MBSi highlighted on Tuesday that Lien Verification is a new product solution embedded within its RecoveryConnect platform, which can automate the process of checking vehicles for […] [Read More]

Resolvion has a new chief operating officer. On Tuesday, the repossession management company announced that it has appointed Darren Stavely as its COO. With more than 20 years of experience in operations, finance, and customer service, Resolvion highlighted that Stavely brings a wealth of expertise in optimizing performance, enhancing customer experience, and implementing process improvements. […] [Read More]

Off-lease volumes and the equity gap between the value of those off-lease vehicles and their residuals: these have been a “double whammy” to OPENLANE’s marketplace business in recent years. But look for that two-headed headwind to reverse course next year. In the company’s fourth-quarter and full-year 2024 earnings call in February, CEO Peter Kelly said he expects 2025 to ... [Read More]

Hertz is putting Tom Brady in at a new position: used-car salesman. The seven-time Super Bowl-champion quarterback-turned-Fox broadcaster is the star of a new ad for Hertz Car Sales to boost consumer awareness that the rental car giant is also in the business of selling vehicles. And to give that boost even more juice, Hertz is […] [Read More]

When it comes to retaining value, Toyota Motor Corporation rules all. Toyota and its premium brand Lexus were the clear winners in Kelley Blue Book’s 23rd annual Best Resale Value Awards — and no one else was even close. Both claimed 2025 model year Best Resale Value: Brand titles, Toyota overall and Lexus in the […] [Read More]

The most aggressive buyer in last year’s dealership buy-sell market is growing again. Lithia & Driveway announced the acquisition Tuesday of Elk Grove Subaru in Elk Grove, Calif., from the Knight Group, a move Lithia said will “strengthen its density in the Southwest region.” The dealership in the Sacramento area is Lithia’s second addition of […] [Read More]