Vroom, which completed the winddown of its ecommerce operations and used-car retail business in the first quarter, detailed the financial results of its Q1 on Friday and provided some color on the state of its remaining United Auto Credit and CarStory business units. The company reported a $44.7 million net loss from continuing operating in […] [Read More]

After years of attending industry events, April Rain identified that most events did not adequately support new entrepreneurs or allow them to effectively engage with investors. She researched the marketplace and solicited ideas from industry experts like Steve Greenfield, founder of Automotive Ventures. Rain found that the current pace of innovation and evolution in automotive […] [Read More]

It’s been a busy year since Jeff Martin became CEO of the National Independent Automobile Dealers Association. In this episode of the Auto Remarketing Podcast, Martin takes us through what’s happened during that span as well as what attendees can expect from the annual NIADA Convention, which is scheduled for June 17-20 in Las Vegas. […] [Read More]

With hurricane season approaching, FloodFlash has added a new technology-driven insurance program intended to support dealerships and rental businesses unable to get flood coverage due to high-risk locations or previous flooding. The insurance technology company’s Dealer Open Lot program offers sensor-enabled parametric flood insurance, with a smart sensor installed on the lot or insured property […] [Read More]

ComplyAuto reached an “extraordinary milestone” on Monday, announcing that former National Automobile Dealers Association regulatory expert Brad Miller is joining the company as chief regulatory and compliance officer and head of legal. Miller spent more than 16 years at NADA in a variety of roles, including most recently as the chief regulatory counsel, where he […] [Read More]

National Automotive Finance Association executive director Jennifer Martin had a lot of positive developments to share in this episode of the Auto Remarketing Podcast. The organization is using technology to grow and serve its membership while also preparing for a series of events, including the 28th Non-Prime Auto Financing Conference, which is set for June […] [Read More]

Fisker announced the latest additions to its growing stable of dealers, with two new Fisker stores coming in California and one in New Jersey. Newport Fisker in Orange County and Fisker of San Jose have come on board with the electric vehicle manufacturer in California, along with Belford Fisker in Belford, N.J. The company said […] [Read More]

Rita Case, president and CEO of Rick Case Automotive Group, presented the second annual Rita and Rick Case Changemaker Award to the Frederick A. DeLuca Foundation and Jonathan DeLuca, Fred DeLuca’s son and a director of the foundation, during the 2024 South Florida Heart Ball, hosted by the American Heart Association. The Rita and Rick […] [Read More]

The number of battery-electric vehicles sold at auction through April is nearly double the amount sold in the first four months of 2023, and prices for EVs have declined at a faster rate than the overall market. That’s according to respective wholesale car market analyses by the National Auto Auction Association and Cox Automotive. NAAA’s […] [Read More]

Automotive technology provider Xcite Automotive has named Andy McBride as its new chief commercial officer. McBride’s background includes more than 19 years with HomeNet Automotive, a Cox Automotive company, including stints as vice president of business development and chief operating officer. Xcite said McBride’s “deep understanding of the automotive market” will be instrumental in accelerating […] [Read More]