When it comes to growth among automotive-related companies, Autosled is at the top of the list. The provider of digital technology for vehicle transport logistics, founded in 2019, was ranked No. 12 in the 2024 Inc. 5000, Inc. magazine’s annual list of the fastest-growing private companies in America. It’s the highest ranking for an auto-related […] [Read More]

As perhaps the consumer search for affordable vehicles continues, the overall status of the wholesale market appears to be stable, stemming from the latest update from Black Book released on Tuesday afternoon. Black Book highlighted that the wholesale market had a deceleration in the rate of depreciation during the first full week of August compared […] [Read More]

It’s usually the other way around. But a major move in the automotive investment space this week is said to be the first time that an integrated automotive services organization has obtained a general partner interest in an auto industry venture capital firm. FM Capital, a venture capital firm focusing on early- to mid-stage companies, […] [Read More]

The next episode of the Auto Remarketing Podcast originating from this year’s Canada’s Used Car Week in Toronto focuses on the first-party data your dealership generates. Kendra Brown of The Dream Team Media Company shares ways to get a handle on your data and how it can transform your operation regarding sales and customer retention. […] [Read More]

A 20-year industry veteran is back in the auction industry. Kevin Brown has joined Great Lakes Auto Auction in South Bend, Ind., to consult on sales efforts and coach the sales team. “Kevin has a reputation for growing auctions, and I feel honored to have him working with our sales team,” GLAA vice president Chad […] [Read More]

They say what goes around, comes around. In this case, what has come back around are two car dealerships, now back in the hands of Mark Escude II after his family’s dealership group sold them a year ago. Escude’s new Escude Automotive Group, based in Greer, S.C., has acquired the local dealerships — Fred Anderson […] [Read More]

Empire Indemnity Insurance Company Risk Retention Group recently joined the business partner program orchestrated by the Texas Independent Automobile Dealers Association (TIADA). This strategic partnership aims to support TIADA’s education and legislative and regulatory efforts on behalf of independent dealers in the Lone Star State. “Joining the TIADA business partner program is a significant milestone […] [Read More]

Dealio Technologies recently completed the acquisition of Auto Loan Technologies — better known as AutoZoom, which is a risk analytics system utilized by buy-here, pay-here dealers. The result of the move is a revamped tool for operators now called Dealio Zoom with AutoZoom. Founded in 2002 by Scott Carlson, Auto Zoom has helped dealers consistently […] [Read More]

eSTART is off to a fast start. The eSTART Coalition, an organization seeking to modernize title and registration processes across the country by facilitating advocacy for state and local governments to adopt electronic options, announced its launch in March with 18 founding members, including the National Automobile Dealers Association, Carvana, DocuSign, IAA and ACERTUS. Five […] [Read More]

Solera Auto Finance has new owners and branding. Obra Capital, an asset management firm with a specialized approach to alternative investing, on Tuesday announced a buyout of the finance company from Solera Corp. First launched at NADA Show 2022, Obra said the finance company now will be known as Arra Finance after developing relationships with […] [Read More]