Dealerships sold millions of used vehicles during the summertime, including a four-month stretch of year-over-year sales gains. However, Black Book isn’t necessarily seeing buyers and managers rushing to replenish store inventory. According to their newest COVID-19 Market Insights released on Tuesday, analysts highlighted a typical autumn wholesale price cooldown, explaining that those softer prices aren’t […] [Read More]

Under a new partnership between connected car platform Dealerware and mobility and logistics provider RedCap Technologies LLC, a single-screen product could help simplify and improve auto retailers’ pickup and delivery and loaner management process through a contact-free contracting experience. The product also offers automation of fuel and toll recovery and real-time visibility into vehicle location. […] [Read More]

Getaround said Wednesday it has raised $140 million in Series E financing, a round led by PeopleFund that puts the carsharing platform’s total amount raised at almost $600 million. In conjunction with the Series E round, the company has hired a chief operating officer, chief financial officer, a vice president of people & culture, and […] [Read More]

ACV Auctions welcomed two new executives with vast experience from outside the automotive industry to support enhancements within the company’s financial operations and continued advancement of its workplace and culture. According to a news release distributed on Tuesday, the new chief financial officer at ACV is Bill Zerella and its vice president of people and […] [Read More]

Earlier this month, Manheim Logistics and DHL Supply Chain announced an exclusive partnership to help build “a more holistic transportation management system” with the goal of continuing to boost efficiency and transparency. Manheim Logistics, which facilitates about 10 million vehicle shipments annually through its Central Dispatch and Ready Logistics platforms, is turning to DHL Supply […] [Read More]

Dealership F&I personnel now have more training options from Assurant. The firm recently expanded its content library by adding 50 new “soft skill” modules to the Assurant Virtual Learning Platform, an on-demand eLearning system. “During these unprecedented times, we wanted to honor our promise to provide dealers with customizable and innovative solutions that will help […] [Read More]

For most consumers, they have a variety of options and carriers when it comes to insurance. For repossession agents, availability and choices aren’t so robust, because of the complexity of the business, among other factors. However, the landscape appears to be improving, as Renee Low from the Harding Brooks Insurance Agency explains during this episode of […] [Read More]

Tech startup Carsfast is positioning itself as a contactless and digital service to help consumers buy and finance their next vehicle. To provide strategic guidance and a progressive growth strategy, Carsfast on Tuesday announced the formation of its advisory board; a group that includes some of the most well-known figures in the industry. Chairing this […] [Read More]

The Consumer Financial Protection Bureau issued a consent order in the auto-finance industry for the second time in less than a month; this time with Nissan’s captive. According to a news release distributed on Tuesday, the bureau said it found several violations by Nissan Motor Acceptance Corp. (NMAC) in connection with vehicle repossessions, including: — […] [Read More]

Mirroring the trend in the new-vehicle market, interest in the used-vehicle market has gone up since the start of the COVID-19 pandemic. Media planning company Comscore analyzed online used-car marketplace Carvana, noting that 58% more visitors viewed the Carvana site than one year earlier. Comscore also stated a “sustained lift” has taken place from the […] [Read More]