Autonomy had a successful launch in Los Angeles in January, added service in the San Francisco Bay Area in March, and then last week the electric vehicle subscription company brought its platform availability to San Diego. The company that claims to be the cheapest, fastest and easiest way to get a Tesla Model 3 said […] [Read More]

CDK Global has signed a deal to be acquired by Brookfield Business Partners and institutional partners for a total enterprise value of $8.3 billion, with CDK shareholders receiving $54.87 per share once the transaction closes. That share price is 30% higher than the unaffected closing price on Feb. 18, which was the last full day […] [Read More]

Cars.com Inc. said Monday that chief financial officer Sonia Jain will be stepping down April 15 down to pursue another career opportunity. Appointed to be interim CFO is Jandy Tomy, who is currently vice president and treasurer. Tomy has been with the company since March 2017 and was CARS CFO from January 2020 through June […] [Read More]

Even in a digital wholesale environment, there are many boots-on-the-ground tasks that have to be completed. Like transporting the car from buyer to seller. Along those lines, ACV has launched the “Carrier by ACV Transportation” app that lets car haulers more efficiently manage pickups and deliveries. The app is available for free to all ACV […] [Read More]

Executives with DrivenIQ, which specializes in data and data technologies that help businesses target their advertising to the most ideal audience, joined the Auto Remarketing Podcast recently to talk about the company's busy March and much more. DrivenIQ announced last month that it has acquired Visitor Data Inc. The company also announced that it will be […] [Read More]

After announcing a move into used-vehicle financing during NADA Show 2022 earlier this month, Solera Holdings reinforced its management team on Thursday by appointing top insurance and automotive business executives to key roles. The company said Bill Brower, Mike Roberts, Dan Barrington and Lewis Scott will bolster Solera’s industry position in vehicle lifecycle management. “Solera […] [Read More]

Automotive Ventures founder and chief executive officer Steve Greenfield is back on the show to share more details about the new Automotive Ventures DealerFund the company launched earlier this month. Greenfield explains the "aha moment" that prompted Automotive Ventures to start this fund, how the capital would be used, how dealers are building technologies, the […] [Read More]

We continue our podcast series from NADA Show 2022 in Las Vegas with an interview of Tim Cox, co-founder and chief evangelist at CarNow. Tim talks with senior editor Joe Overby about CarNow's new real-time retail platform launch, the biggest challenges for car dealers right now, accepting cryptocurrency and much more. To listen to this episode, […] [Read More]

This week was another busy one for companies that operate in alternatives to vehicle ownership, as announcements arrived from Autonomy, Kyte and FINN. Beginning first with Autonomy, the electric vehicle subscription company offering consumers what executives believe is the cheapest, fastest and easiest way to get into a Tesla Model 3 is now expanding its […] [Read More]

Here’s how a bank and a dealer group are working together to solve concerns for both consumers and dealerships. U.S. Bank and Driveway are collaborating to pay vehicle sellers immediately with real-time payments, making Driveway the first online dealership to pay customers over the RTP network, according to a news release distributed on Wednesday. U.S. […] [Read More]