Last week, RumbleOn — one of the nation's largest retailer of powersports vehicles — announced the closing of its business combination with RideNow. This means RumbleOn, which offers an onminchannel buying experience for powersports customers, has acquired 100% of the RideNow dealership portfolio. "We are very excited to announce that we closed our business combination with RideNow, becoming the […] [Read More]

ACV has chosen a new tech leader for its digital automotive marketplace and data services platform. Bahman Koohestani, with over 25 years of leadership experience across a wide range of industries, including technology and data analytics, is the company's new chief technology officer.  ACV explained the new CTO will be responsible for leading the company's continued […] [Read More]

Certified pre-owned vehicle sales took a tumble in August, but remain just under 2% ahead of the record 2019 pace. [Read More]

Ivette Dominguez Drawe and Michael Drawe began a relationship when they were both working in management positions at Sonic Automotive, leading them to getting married. Now the couple along with business partner Rick Jones are growing their own dealership group. According to a news release from Performance Brokerage Services distributed on Friday, the trio purchased Don […] [Read More]

AutoPayPlus acknowledged every dealership’s primary business goal and ongoing challenge revolve around one, single metric: profit. To help managers and principals in that department, AutoPayPlus unveiled an all-new solution this week designed to increase profit per vehicle and service retention for dealerships in one easy step. The company highlighted AutoPay+PERKS combines the company’s biweekly retail […] [Read More]

LAUNCHER.SOLUTIONS and Carleton recently finalized an integration of two of their primary products that serve finance companies. The integration involves the appTRAKER Loan Origination System LAUNCHER.SOLUTIONS with CarletonCalcs from Carleton. The companies explained through a news release that CarletonCalcs is a suite of compliant financing calculation components that can provides assurances to LAUNCHER.SOLUTIONS’ clients that […] [Read More]

The National Auto Auction Association has postponed its annual convention, which had been set for Sept. 28-30 in Chicago. In an alert sent to members, NAAA said: “The Executive Committee of the NAAA remains steadfast in delivering best in class content and experience to our members, associate members, partners, sponsors and friends.  “Based upon broad […] [Read More]

DRAIVER, an AI logistics platform and driver marketplace, added Jim Bauman to its leadership team as vice president of client success. The company pointed out in a press release that Bauman "is an automotive, software, and rideshare industry veteran," with over two decades of experience in the former industries.  He most recently served as automotive partnerships lead at […] [Read More]

Carvana now offers its touchless home vehicle delivery to Reno, Nev., and Carson City, Nev., residents, the online retailer announced this week.  Now, Nevada residents in the areas can shop the e-commerce platform's 45,000 vehicles for sale.  Of the launch in Reno, Carvana founder and chief executive Ernie Garcia said: “We look forward to giving residents of […] [Read More]

CarGurus has joined comedian and car enthusiast Jay Leno  for the revival of popular game show "You Bet Your Life." The online auto platform for buying and selling vehicles has launched a premier partnership with the gameshow inspired by the classic Groucho Marx game show. What does the partnership entail? CarGurus will play a big […] [Read More]