Online wholesale EV auction platform Plug wants to work with brick-and-mortar wholesale auctions to offer more services to its consignor customers. It has already partnered with one auction and looks to aggressively add more. “We have found as we try to grow our footprint in commercial consignors that sometimes they need real estate to be part of the service,” Plug founder and CEO Jimmy Douglas told Auto Remarketing. For example, Plug’s customers include auto manufacturers and lenders who have ... [Read More]

Lance Vickery, whose long automotive career includes more than 20 years in leadership roles with CARFAX, has joined Montway Auto Transport as chief revenue officer for strategic growth. The third-party logistics brokerage said Vickery will be responsible for driving revenue growth and fostering long-term partnerships across the automotive sector by leading enterprise-level revenue strategies and […] [Read More]

The list of Carvana’s combined auction-reconditioning facilities is growing again. The online used-car retailer said it plans to add an inspection and reconditioning center to its ADESA Seattle wholesale auction site, making it the 11th such location nationwide. ADESA Seattle has been operating at its 40-acre site in Auburn, Wash., for more than four decades. […] [Read More]

For a day, at least, the dealership buy-sell market is headed in one direction: North. Performance Brokerage Services announced it has advised on the sale of dealerships in Montana and Canada as the week begins. Minnesota-based Marthaler Automotive has acquired Honda of Helena in Helena, Mont. from Jim Parker. Marthaler Automotive founder and president Aaron […] [Read More]

July has been a busy month for Algebrik AI. The provider of a cloud-native, artificial intelligence-powered, digital-era loan origination suite not only finalized two more partnerships, Algebrik AI also landed the work for a Michigan credit union that’s been in operation since 1964. While the new partnerships are with AppOne and Spinwheel, perhaps what has […] [Read More]

As the pre-owned electric vehicle population grows, so too does the importance of measuring EV battery health. And its potential impact on residual values. With that in mind, J.D. Power ALG is now factoring in aggregated EV range and battery insights from Recurrent into its EV value forecasts. J.D. Power ALG has included the Recurrent […] [Read More]

Car dealers and car buyers both share a strong interest in the future of the auto retail business. But according to the latest research from automotive consulting and technology firm Urban Science and The Harris Poll, they have widely differing ideas about what that future will look like. For example [Read More]

For years, the service lane has been relegated to the back of the dealership. The sales department was often regarded as the glamorous department, characterized by quick deals, high commissions, and flashy, low-mileage vehicles. But given the economic climate of tariffs on new cars, supply chain disruptions over the years [Read More]

Let the cybersecurity war games begin. Two companies involved in battling online attacks — automotive cybersecurity software and services provider VicOne, and cybersecurity engineering firm Block Harbor — announced they have created the Global Vehicle Cybersecurity Competition. During the event, set for Aug. 22-25 and Aug. 29-Sept. 1, participants will compete head-to-head in a Capture […] [Read More]

DriveItAway Holdings has joined forces with Free2move, the global mobility brand of Stellantis, to launch Free2move Powered by DriveItAway, a national initiative that aims to “transform dealerships into next-generation mobility hubs.” In a news release, DriveItAway said the integration of its flexible lease-to-own subscription platform into Free2move’s modular software-as-a-service marketplace is designed to deliver a […] [Read More]