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Cox's vAuto Acquires, Relaunches Recon Management Platform

Cox Automotive's dealer technology unit vAuto has acquired iReconCars and relaunched the reconditioning management platform as iRecon to help dealers and other partners improve used vehicle reconditioning efficiency and speed, the company announced.


AutoIMS Names CEO to Replace Broe

Auto Auction Services Corp., which is also known as AutoIMS, has named Venkat Krishnamoorthy as its new chief executive, following the retirement of Mike Broe.


KAR Consolidates Repo Industry Business Units

Recovery Database Network and Clearplan are two of KAR Auction Services' business units that...

KAR Auction Services, Inc. has consolidated its management team for two of its businesses — Recovery Database Network (RDN) and Clearplan — in order to improve synergies for the complementary business units.


Spireon Sold to N.Y. Private Equity Firm

Telematics provider Spireon has been sold to private equity firm Greenbriar.

New York-based Greenbriar Equity Group has acquired Spireon, Inc. from Bertram Capital, a San Mateo-based equity firm that has presided over the expansion of the telematics provider.


Manheim Investing $100M in Digital Platforms

Manheim's investment in digital platforms follows years of growth in online sales. During the...

This investment follows years of online sales growth for Manheim. During the first half of 2018, digital sales for Manheim grew by 45% year-over-year. In 2017 sales were up 39% year-over-year during the same time period.


Manheim Express Releases Nationwide

This app is being released at a time when Manheim has seen increasing digital sales. Through the...

Manheim Express, a mobile app that allows dealers to list and sell inventory from their lots or in-lane, is now available nationwide after an eight-month pilot, according to a company announcement.


KAR Auction Services Joins Blockchain Consortium

KAR Auction Services has joined the Mobility Open Blockchain Initiative (MOBI), a consortium of global automotive industry leaders exploring block chain technology’s potential use in the digital mobility ecosystem.