With a background in the banking, financial services, investment and medical industries, CDK Global welcomed its new chief information officer on Thursday. Taking on the role of CIO for the automotive retail technology company is Kirsten Garen who also will also be a member of CDK’s executive leadership team. In her role, the company said […] [Read More]

This week, Copart opened its sixth location in North Carolina, rolling out a facility in Lumberton consisting of 89 acres. The development represented the second Copart opening in the Tar Heel State. In March, the company unveiled a location in Concord. “We're happy to offer a new location in North Carolina for our buyers and […] [Read More]

The remarketing industry’s digital shift has presented dealers with new opportunities to streamline their business and increase their profits. But some dealers —maybe even you — still have concerns and are reluctant to embrace the shift. However, when you look at the in-lane experience versus the digital experience, they really aren’t that different. In a […] [Read More]

Uneven floors aren’t good for a house as far as its construction or current state. And uneven floors potentially are causing some issues for dealers at the auction, too, as mentioned in the latest COVID-19 Market Insights from Black Book. Black Book reported the continued seasonal decline in values for both cars and trucks, while […] [Read More]

Two dealerships service providers — DealerPolicy and FRIKINtech — announced on Wednesday that they’re now working together. The insurance marketplace solution for dealers and the retail desking and CRM tool provider said they have teamed up to provide online car shoppers with a better experience. FRINKINtech has integrated with DealerPolicy’s FastPASS API, allowing them to […] [Read More]

“I think I was born to play the drums,” Tom Kontos says in a mid-October phone interview. Long before the KAR Global chief economist was crunching numbers and dispensing auction market analysis, he was taking his mom’s silverware and tapping on tables as a child. Or, to the chagrin of his teachers, turning a rhythm […] [Read More]

To help solve electric vehicle adoption challenges, Hon. Seamus O'Regan, Canada’s minister of natural resources, on Tuesday announced a $1 million investment in SWTCH. That company will demonstrate a blockchain-based EV charging platform that it says will significantly reduce the cost of EV charging transactions and enhance grid efficiency. SWTCH will work with project partners […] [Read More]

Karl Brauer says the average new vehicle loses almost half of its value after five years. But some vehicles retain more of their value and depreciate less than average, said Brauer, who is executive analyst for car search engine company, iSeeCars.com. To identify models with the lowest and highest loss in value after five years, […] [Read More]

Another technology-enabled platform designed to utilize data to optimize wholesale dealer trades throughout Canada and the United States received a significant injection of investment funding this week. Signal Automotive announced a $20 million investment led by Kayne Partners Fund, the growth private equity group of Kayne Anderson Capital Advisors. Formed in 2017, Signal said its […] [Read More]

End of Tenancy Cleaning — a service provider based in the United Kingdom — recently surveyed 3,230 people from across the globe, asking them, “What are some of the grossest things you have had in your car that you may have forgotten about?” The results revealed some notable findings that might be quite familiar to […] [Read More]