Driven Data, which is an advanced software marketing provider and digital marketing agency for the retail auto industry, announced the closure of a $4.5 million Series B fundraising round led by Dealer.com co-founder and private investor Rick Gibbs along with JHCapital, LLC. Gibbs is the chairman of Driven Data. “To say Driven Data’s platform is […] [Read More]

It’s hard to argue with the statement McConkey Auction Group chief executive officer Bob McConkey made Wednesday when announcing details for DAA Northwest’s Rock & Roll Sale. “After the year we’ve all been through, we are ready for a party,” McConkey said in a news release, announcing the headlining musical act for the auction’s signature […] [Read More]

As the second quarter closes, Black Book is seeing more evidence that the steady — and unprecedented — climb in wholesale prices is running out of momentum with the Fourth of July holiday straight ahead. [Read More]

Ken Robinson, who is market research manager at Motus, joins the podcast to talk about new research report from the company titled “A Shift in Service Delivery: On-Demand Services Shape 2021.” Robinson discusses the “hybrid” approach to digital automotive retail, on-demand delivery of vehicle maintenance services, an online marketplace approach to car insurance and more. To […] [Read More]

Carvana stands one market shy of offering as-soon-as next-day vehicle delivery to customers in 300 different locations. On Wednesday, the online used-vehicle retailer officially rolled into market No. 299, as Carvana announced through a news release that it’s working with buyers in Wichita, Kan. About a month ago, Carvana expanded into seven markets in Washington, […] [Read More]

Philadelphia, Pittsburgh and Reading have more in common than just being three cities in Pennsylvania. A report generated by doxo, an innovative web and mobile bill pay service, showed the trio from the Keystone State is among locations where consumers are paying the least each month on their retail installment contracts. Collectively, finance-company and insurance-provider customers […] [Read More]

Tekion recently finalized an integration with Dealertrack F&I. Now the automotive retail cloud platform has an integration with RouteOne, too. The service providers recently announced the integration of their automotive retailing platforms to better serve dealers and improve the digital workflow for consumers. According to a news release, Tekion’s native platform is now integrated to […] [Read More]

The number of vehicles entering the auction market these days is down significantly, and in its Used Market Update released Thursday, J.D. Power explains why. There were approximately … [Read More]

Tom Kontos’ “parity” projections for the wholesale market are coming to fruition. The KAR Global chief economist explained his thinking in the latest Kontos Kommentary that showed how average wholesale prices surged past $15,000 in May after passing the $14,000 for the first time ever just a month earlier. [Read More]

For 54 consecutive weeks, there was neither a car nor a car dealer that passed through the lanes of McConkey Auction Group’s DAA Seattle or DAA Northwest locations in Washington state — which was the “initial epicenter” of the COVID-19 pandemic in the U.S. But after closing completely for two months and re-opening in the […] [Read More]