Less than a week after DriveCentric CEO Matt Leone announced his company was actively seeking integration partnerships to expand its capabilities beyond customer relationship management, the first domino has fallen. And perhaps not surprisingly, it’s the company Leone left to take the helm of DriveCentric just a few months ago. In a news release, DriveCentric […] [Read More]

Automotive marketing firm Mudd Advertising has acquired DealerTrend, a technology company known for its dealer websites, inventory management and application programming interface-driven digital tools. In a news release, Mudd said the Reno, Nev.-based DealerTrend, founded in 2001, was built to help dealers simplify technology and compete more effectively online, and the acquisition adds to Mudd’s […] [Read More]

In an industry that is mostly dominated by large auction chains and independent auction owners, the McConkey Auction Group is one of a few small auction groups that are making big strides in the auction business. CEO Bob McConkey opened his first auction in 1992 in Spokane, Wash., and since then has bought and sold […] [Read More]

PureCars, which provides digital marketing technology and services for the auto industry, has a new CEO. Promoted to the role is Lauren Donalson, who was most recently the company’s president. Aaron Sheeks, previously the CEO, has left the company to pursue other interests. PureCars has also hired Jason Wiley as president. Donalson joined PureCars in […] [Read More]

Carvana is a huge operation, a used-car retail giant. So how can Carvana be bigger? How about adding the towering Shaquille O’Neal — all 7-foot-1, 300-plus pounds of him? Carvana announced an integrated brand partnership with O’Neal, a basketball Hall of Famer, broadcaster and entrepreneur, that has debuted with “the world’s first AI-powered Shaqbot.” The […] [Read More]

Experian’s Melinda Zabritski recently shared data and insight about the current auto refinancing market and how much it has expanded in the past year. And one of the participants in that segment — Caribou — reinforced its executive team on Monday to position itself for more growth. The auto refinance platform announced Akshatt Thanawala has […] [Read More]

Subprime auto financing is getting much more complex, from underwriting to securitizations. Likely connected with fallout from last week’s Tricolor Holdings’ Chapter 7 bankruptcy, Credit Acceptance filed a Form 8-K with the Securities and Exchange Commission on Monday morning, addressing what it called, “select inquiries” it had received through Friday. First, Credit Acceptance responded to […] [Read More]

National Drive Electric Month is underway. The annual campaign to increase education and awareness about electric vehicles began Friday and runs through Oct. 12, with events planned in 41 states featuring EV test drives, vehicle showcases, informative workshops and other activities designed to illustrate the benefits of switching to an electric vehicle. “NDEM events are […] [Read More]

Even though used-car retail prices moved 6.5% higher in August versus the beginning of the year, CarGurus noticed demand for used vehicles remained strong last month. Those findings are two of the primary ones from the used market contained in CarGurus’ August 2025 Intelligence Report. CarGurus indicated time on the lot fell to a three-year […] [Read More]

Lendbuzz is going public. The financial technology company that utilizes artificial intelligence and machine learning algorithms to better assess consumer credit risk and expand access to credit when purchasing a vehicle, announced on Friday that it has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission relating to the proposed […] [Read More]