Spiffy has landed a $22 million Series B financing round. The on-demand car care, tech and services company plans on using the investment for the rollout of new Spiffy markets, growing franchise territories and launching new service offerings. Tribeca Venture Partners led the round, which also included participation from existing investors Bull City Venture Partners, […] [Read More]

KAR Global named a chief digital officer on Monday, hiring a former Microsoft and Amazon leader. Appointed to the post is James Coyle, who was most recently the chief executive officer of RealSelf, a digital marketplace in the medical space. Coyle’s experience includes time with Microsoft and Amazon, where he headed up consumer electronics. His […] [Read More]

Hertz has its sights set on offering North America’s largest electric vehicle rental fleet and is turning to Tom Brady for a marketing spark. As part of a major EV investment announced Monday, the rental car giant plans on an initial order of 100,000 Teslas by the end of next year. Hertz is also investing […] [Read More]

Dealers Auto Auction of Oklahoma City has named a new general manager to replace longtime GM Bruce Beam. Hired for the position was former XLerate Group chief operating officer Pat Stevens, whose experience also includes time with Manheim and ADESA. Stevens started his auto auction industry career in 1993 at Manheim Dallas, where was fleet […] [Read More]

One way to combat uncertainty about electric vehicles: exposure and education. That’s been the approach of at least two entities with the auto industry making efforts to connect with the public to “demystify” the EV segment. Over at Cars.com, the company is hosting an online event Thursday — “Cars.com’s Guide for the EV Curious” — […] [Read More]

CarLotz is launching a second hub in California, this time setting up shop in the nation’s second-largest metropolitan area. The consignment-to-retail used-car marketplace is opening a hub Monday in Pomona, Calif., that will serve Greater Los Angeles. This will complement the existing CarLotz hub in Bakersfield, which opened in June. Plans for the LA-area hub […] [Read More]

More financing options now are available for dealerships and their customers in Canada’s rural provinces. Last week, AFG Canada announced that Newfoundland and Labrador Credit Union (NLCU), a financial institution based in Newfoundland, has signed on to AFG Canada’s Leasing Program. AFG said the partnership with NLCU further reinforces its mission to expand into new […] [Read More]

Automotive technology entrepreneur Allen Dobbins appeared on the Auto Remarketing Podcast soon after announcing he was part of the investment AutoManager recently received from the Beekman Group, a private equity firm based in New York. Along with describing the path to successful software development, the founder and former chief executive officer of Autostar Solutions and […] [Read More]

Finding a used vehicle that’s ripe for healthy gross and a satisfied dealership customer is as challenging as ever, especially given the current landscape of wholesale prices and supply. So, Cox Automotive strengthened one of its crucial tools dealerships can use to build their inventories without having to depend on the wholesale market completely. The […] [Read More]

The Queen City is already home to two of the nation’s largest auto retailers in Sonic Automotive and Hendrick Automotive Group, each of which is headquartered in Charlotte, N.C. And soon Charlotte will have standalone used-car stores from two of the country's publicly traded dealer groups. AutoNation announced in its quarterly earnings report Thursday that […] [Read More]