Point Predictive recently bolstered both its human and financial resources. The San Diego-based company, which  provides machine learning solutions to the financing industry to curb fraud and streamline operations, announced that it has completed its Series B growth financing. Napier Park Financial Partners led the investment round with participation from the company’s existing investor, Mosaik […] [Read More]

Within a week of expanding its financial commitment to Carvana, Ally Financial made a move with another company in the digital-retailing space: Vroom. On Tuesday, the ecommerce platform for buying and selling used vehicles announced an extension of its $450 million inventory financing agreement with Ally. According to a news release, Ally has provided Vroom […] [Read More]

The American Recovery Association is looking to smooth one of the most challenging parts of the recovery process through what the organization is calling a “ground-breaking” partnership with ACV Auctions. With access to ACV’s inspection services and active marketplace, ARA said on Wednesday that its members now can leverage ACV to seamlessly inspect, list and sell […] [Read More]

Copart has made a trio of senior leadership moves this week, including naming a new chief operating officer, chief marketing and product officer and chief financial officer. Starting with the new COO to replace the recently retired Sean Eldridge, appointed to that position was Steve Powers, who had been the company’s Eastern Division vice president […] [Read More]

TrueCar has launched a new brand marketing campaign that it says will help build brand awareness and brand affinity for its TrueCar Military program. NASCAR driver and Naval officer Jesse Iwuji, will be TrueCar Military’s first brand ambassador for the new campaign, titled “Drive On.” Iwuji is the only NASCAR driver currently racing at the national levels […] [Read More]

Fall’s arrival appears to be bringing welcomed relief for independent dealerships looking to build their inventory. Black Book explained why through its latest COVID-19 Market Insights released on Tuesday. Analysts recapped in the report, “This past week, we saw more independents being the successful bidder. This is a welcome sight as we’ve talked to so […] [Read More]

Lithia Motors continued its busy second half of expansion Tuesday, announcing it has acquired Latham Ford in the Albany, N.Y., area. This move marks the 12th store to be added to Lithia’s network in the last two months, along with several others announced earlier in the summer.   Lithia announced the purchase of Jim Cogill […] [Read More]

What is social listening and how does it apply to the automotive industry? And how is it different than social media metrics? Troy Scheer, chief marketing officer at Binary Automotive Solutions, joins the Auto Remarketing Podcast to explain.  To listen to the entire conversation, click on the link available below, or visit the Auto Remarketing Podcast page.  […] [Read More]

KAR Global employee Jenny White has volunteered as a sponsor and advocate with Compassion International, making five trips to Uganda and “forging and making connections with children that will last a lifetime,” according to KAR. Because of that work, KAR recognized White during the annual Jefferson Awards ceremony, which honors community volunteerism. The awards are […] [Read More]

As it invests further into strategic growth areas, ACV Auctions has appointed three new independent members to its board of directors. Those new board members each offer decades of experience from their respective industries, according to ACV. That can “enrich ACV’s perspective in key growth areas from transportation and capital to product innovation,” the company […] [Read More]