KAR Global values its commercial clients, especially ones that leverage OPENLANE iQ, which provides data analytics and comprehensive technology solutions for more than 40 upstream brand marketplaces supporting 80% of North America’s private label brands. Hyundai Capital America is one of the latest captive finance companies to migrate to the platform, and KAR shared through […] [Read More]

AutoWeb has taken its CarZeus used-vehicle acquisition platform to a second market: Austin, Texas. CarZeus buys cars directly from consumers and resells them in the wholesale market. Its first market was San Antonio. AutoWeb purchased CarZeus from founder Phil Kandera and McCombs Family Partners this summer. “We are excited to expand our vehicle acquisition service […] [Read More]

The seven-year journey Privacy4Cars has navigated so far to identify the challenges posed by vehicle data and to create solutions to better protect consumers reached another important juncture on Tuesday. The company announced that it has secured two patents, including a patent for its proprietary process to remove privacy information from in-vehicle modules. Privacy4Cars offers […] [Read More]

NextCar, which is the Scott Painter- and Georg Bauer-led fintech and insurtech vehicle subscription platform, announced last week it has finished the acquisition of the Autonomy brand and intellectual property library. NextCar purchased Autonomy from Micro Focus. The deal includes the Autonomy.com global domain along with various country and subdomain extensions, plus trademark applications, awards […] [Read More]

Carketa continued to stay on a positive trajectory last week, landing more financial resources to grow the dealership solutions software company. The Utah-based developer of SaaS applications for the automotive industry announced it closed a $6 million series seed financing led by Origin Ventures and Crosslink Capital with additional funding from Hack VC, Lancaster and […] [Read More]

CarGurus announced the latest locations to its phased national rollout of CarGurus Instant Max Cash Offer on Thursday. States where consumers looking to trade in their vehicles for what CarGurus strives to make the best possible offer and hassle-free experience now includes New York, Maryland and Minnesota. Launched in late July, CarGurus Instant Max Cash […] [Read More]

Online peer-to-peer used-car marketplace TRED has landed $25 million in Series B funding that it plans to use for expanding its products, locations, partnerships and engineer team.    Participating in the round were new and existing inventors. That group included Vivek Raj of Geneses Capital Management, Westlake Financial’s Ian Anderson and CMFG Ventures’ Mike Kraus. […] [Read More]

On Tuesday, UVeye named a new vice president for North American sales who previously held executive roles at KAR Global, BacklotCars and Cox Automotive. Taking on this role for the supplier of automated vehicle inspection systems is Jamie Anderson, who will be based in Charlotte, N.C. Prior to joining UVeye, Anderson was vice president for […] [Read More]

HyreCar has an ambitious goal it wants to reach in four years. On Thursday, HyreCar took another step toward it with moves that include increased financing capacity for one of its key partners. The carsharing marketplace for ridesharing, food and package delivery services announced an expanded strategic partnership to significantly increase vehicle supply in key markets on […] [Read More]

Shift Technologies co-chief executive officer Toby Russell will step from that position on Feb. 1, but will remain on the board of directors, the automotive ecommerce company said Thursday. Russell will remain a strategic advisor for Shift. Shift co-CEO George Arison will become sole CEO on Feb. 1. And in a transition that began Thursday, […] [Read More]