The auto dealership buy-sell market continues to soar at record pace. Kerrigan Advisors’ 2024 Blue Sky Report showed 2024 was the busiest year ever, with 438 completed dealership transactions, up 10% from 2023’s record total of 397. Those transactions represented ... [Read More]

Recent technology-based acquisitions and its platform of connected used-car solutions will help Cars.com grow its dealer customer base and its overall business, the company’s executives predicted during its most recent earnings call. “We’ve made significant progress to bring new and innovative products to market in the past year, culminating in our most recent acquisition of DealerClub,” a reputation-based, dealer-to-dealer digital wholesale marketplace, said CEO Alex Vetter. The acquisition positions Cars.com to enter a $10 billion wholesale market “with ... [Read More]

A vehicle shipping marketplace received a $12 million investment this week. Carpool Logistics announced it has raised $12 million in Series A growth capital in a round led by Wavecrest Growth Partners, with participation from CarMax, Impel founders Devin Daly ... [Read More]

A Danish company is bringing its payment technology for electric vehicle charging to America, with help from J.P. Morgan. The financial services firm said Monta an EV charging platform based in Denmark, is expanding to the U.S., aiming to strengthen ... [Read More]

I think there is some truth to the old saying that if you are around long enough, everything comes full circle. As consumers are under more and more financial strain — record subprime delinquencies, escalating household debt and diminished consumer ... [Read More]