In less than a year, car-ownership app Jerry forged an investment path to value the company at $450 million. The latest stop on the journey happened on Tuesday when Jerry announced the completion of a $75 million Series C funding round led by Goodwater Capital. The company highlighted the latest financing was completed just seven […] [Read More]

Sometimes, one of the most challenging parts of vehicles changing ownership is completing the title work. Champ Titles is trying to smooth that process and now has more financial resources to do so. On Wednesday, the technology company that looking to modify the way that vehicle titles are created, managed and transferred in the United States, […] [Read More]

Robert Steenbergh is being rewarded for executive leadership that began long before the pandemic. According to a news release, the US Equity Advantage (USEA) founder and chief executive officer has been named one of the 2021 CEOs of the Year by the Orlando Business Journal. The annual program recognizes the highest-level company executives in central […] [Read More]

Kroll Bond Rating Agency (KBRA) released new research on Tuesday that analyzed the impacts of “skyrocketing” used-vehicle prices on auto finance credit performance metrics, as well as discusses future implications as the economy marches toward a return to pre-pandemic norms. [Read More]

Cox Automotive Mobility plans to be part of a safety effort started by Arizona’s governor three years ago. According to a news release distributed on Tuesday, the division of Cox Automotive committed to advancing the world’s fleets to serve the next generation will be joining the Institute of Automated Mobility (IAM), a public-private consortium established […] [Read More]

In addition to announcing a partnership with SpinCar, CarGurus revealed its fifth annual Best Used Car Awards on Tuesday, recognizing later-model vehicles across 10 segments. The awards are based on a CarGurus analysis of metrics that included long-term projected value retention, driver satisfaction, user reviews, expert evaluation along with popularity and availability of the respective […] [Read More]

While it’s still noteworthy that wholesale prices continue to soften, what might be more interesting to consignors, dealers and other participants in the wholesale market are the specifics Black Book mentioned on Tuesday. Analysts shared through the newest installment of Market Insights not only how much vehicle prices decreased, but also some details about which […] [Read More]

Inovatec Systems Corp. recently announced it has joined the Canadian Lenders Association (CLA), which is comprised of more than 170 companies representing Canadian lenders in categories such as auto, consumer, home, and mortgages. According to a news release, many of Inovatec’s current clients are existing CLA members, which will give these lenders additional insights into […] [Read More]

Sonic Automotive said Tuesday it has opened an EchoPark Automotive delivery center in Austin, which marks the seventh Texas location for Sonic’s standalone used-car program. The retailer plans on opening approximately 25 EchoPark locations a year (including 20 delivery centers and five medium or large retail hubs) from 2021 to 2025. The company anticipates covering 25% […] [Read More]

Two more dealership service providers became part of the CDK Global Partner Program, which provides its partners with access to a diverse CDK ecosystem through the ability to integrate with a range of CDK applications, as well as with CDK dealer and third-party websites. The two newest additions to come on board Tuesday include Arcade, […] [Read More]