Vroom plans to go public. The online auto retailer announced Monday it filed an S-1 registration statement with the Securities and Exchange Commission for a proposed initial public offering of its common stock. The stock would be listed on the Nasdaq Global Market with the “VRM” stock, Vroom said in a news release. It has not […] [Read More]

Copart now has two locations in Utah. The global online vehicle auction company announced on Monday that it opened a new 45-acre location in Salt Lake City. According to a news release, this addition represents Copart’s second location in the state, serving the growing needs of vehicle buyers and sellers. The company also operates a […] [Read More]

Dr. Rik Patel is the co-founder and chief operating officer of RideKleen, a mobile vehicle care and fleet services. But he's also a physician and spent 11 years in sports medicine and orthopedic care. In this episode of the Auto Remarketing Podcast, hear his take on vehicle sanitization and decontamination, safely restarting various modes of […] [Read More]

Automotive recall services provider Recall Masters has started a partnership with Boost Acquisition, a data and technology developer that connects in-market vehicle sellers with potential buyers at online and franchised dealerships. By including recall data, Boost Acquisition can now check for-sale-by-owner vehicles for unrepaired recalls, reach out to their owners and schedule repair appointments with client dealerships. […] [Read More]

Seeking to help customers prepare for the “new normal” in travel, Silvercar by Audi is introducing its Contactless Rental and Delivery to You service. With the offerings, which are part of Silvercar by Audi’s Responsible Travel initiative, travelers will be able to follow social distancing guidelines while traveling with confidence and peace of mind. Silvercar’s products […] [Read More]

Even before COVID-19, auto-finance companies were on the on-ramp to change. An increased focus on the customer, new modes of engagement and preparation for a slowdown were driving digital transformation in their operations and offerings. COVID-19 will not throw this transition into reverse, but instead accelerate it. Now, auto-finance companies must harness the digital and […] [Read More]

Along with announcing an enhanced vehicle cleaning and sanitization process, Hertz also revealed it will be looking to navigate through its current financial challenges triggered by the coronavirus pandemic with a new president and chief executive officer. According to a news release distributed on Monday morning, Hertz said its board of directors has named Paul […] [Read More]

Equifax created a new high-level executive position and filled the post with an expert who previously roles with Oracle, FICO and Verisk Analytics. According to a news release distributed last week, Equifax named Cecilia Mao to a new global role as the company’s chief product officer. In this newly created position, Equifax said Mao will […] [Read More]

Consumer Financial Protection Bureau director Kathleen Kraninger had a busy public agenda last week, sharing remarks at National Association of Realtors 2020 legislative meetings as well as the public meeting of the Financial Literacy and Education Commission, along with a gathering of the Financial Stability Oversight Council. During each of her appearances, Kraninger referenced the […] [Read More]

For the second time this month, Dealer Owned Warranty Co. (DOWC) enhanced its menu of F&I products. Coming on the heels of introducing NitroShield, a complete tire and wheel protection product, DOWC on Friday rolled out new 360Shield protection solutions enhanced with new antimicrobial products, providing improved vehicle protection. The company highlighted the 360Shield antimicrobial […] [Read More]