TradePending, a sales enablement and consumer experience software platform for car dealerships, has hired Madhu Kota as chief technology officer. TradePending is backed by Capstreet, a Houston-based lower middle market private equity firm. “Madhu has an impressive background in software product development, professional services, consulting and executive management,” TradePending CEO Brice Englert said. “As a […] [Read More]

IAA, a global digital marketplace connecting vehicle buyers and sellers, has implemented the J.D. Power ChromeData VIN Descriptions (CVD) service in the IAA Interact merchandising platform. The addition of CVD to the platform is designed to give IAA customers access to specific trim-level information for more than 90% of vehicles listed, including Ford and Toyota. […] [Read More]

Montway Auto aims to transform how dealer groups manage transportation costs. The third-party logistics brokerage has released its Montway Automation Portal, designed specifically for automotive dealer groups to consolidate data points from multiple stores on a centralized platform. The company said M.A.P.’s technology enables auto dealer groups to reduce rate-per-mile to maximize revenue, decrease cycle […] [Read More]

Santander Holdings USA recently announced findings from a new survey that shows middle-income American consumers were feeling optimistic in the fourth quarter, with 70% of respondents believing they are on the right track toward achieving financial prosperity and 80% believing they would achieve financial prosperity in the next 10 years. And what’s likely going to […] [Read More]

The Canadian wholesale, vehicle market depreciated by about a half a percent last week, according to the latest report from Canadian Black Book. Overall wholesale prices fell by 0.52% last week. Cars saw a more significant decline, dropping by 0.70%, while trucks and SUVs fell by 0.34%. None of the segments CBB tracks saw any […] [Read More]

If you’re looking for a used car, CarGurus has just the vehicle for you — and just in time. The 10th-generation Honda Accord came out on top in the online automotive shopping platform’s 2024 Best Used Car Awards, earning the title of Used Car of the Year as judged by CarGurus’ panel of reviewers. CarGurus […] [Read More]

SYCN Auto Logistics has added Karen Gerba as vice president of relocation division sales and partnerships. Gerba joins the company with more than 30 years in the global mobility industry, specializing in partnership engagements for corporate clients, relocation management firms and global supply chains. “Karen’s exceptional reputation and experience in the relocation space, coupled with […] [Read More]

The latest wholesale market updates from ADESA US Analytical Services and Black Book both mentioned the same new-car market trend potentially influencing what might happen next at auctions. Experts at each firm noted money is being slapped on the hood again to get new models delivered. So, what are consignors and dealers currently doing in […] [Read More]

Cars Commerce announced its “instant appraisal engine,” AccuTrade, has been selected by FordDirect as its preferred vehicle acquisition and trade and appraisal solution. AccuTrade becomes the latest tool offered in The Shop, FordDirect’s newly launched e-commerce platform for more than 3,000 Ford dealers and Lincoln retailers. AccuTrade is designed to speed transaction time by enabling […] [Read More]

Auto Link, a fintech and marketing company serving more than 200 financial institutions, signed eight new credit unions during the fourth quarter to use its auto search and marketing solution. The credit unions now using the white-labeled tool to compete with larger banks and finance companies include: —Community One Credit Union of Ohio based in […] [Read More]