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The wholesale industry is in the early stages of a digital transformation that's boosting sales at ADESA, KAR Auction Services CEO Jim Hallett said earlier this month. Online sales have driven 7% in overall volume growth during the quarter, and have helped offset waning sales at physical auctions.
The Car Connectivity Consortium consists of over 70 companies in the car, tech, and communications industries.
KAR Auction Services has rebooted its Openlane upstream digital remarketing platform with data science, A.I., machine learning, and cloud-based technology so it streamlines the experience for buyers and sellers, the company announced.
The structure stands eight stories tall and holds 30 vehicles, similar to other Carvana vending machines. This marks the 11th vending machine nationwide and the third vending machine in Florida for Carvana.
Vehicle remarketing and technology solutions provider KAR Auction Services Inc. has named Joe Oliveri vice president of the company’s Autoniq business unit, which provides mobile and digital vehicle pricing and evaluation reports.
Carvana has opened up a new car vending machine in Washington, D.C., making this the third vending machine the company has opened this year, and the tenth overall, according to a company announcement.
Manheim has grown its partnership with Carvana, allowing the online used car retailer to streamline its wholesale purchases and sales from Manheim, according to a company announcement.
RMS Automotive has launched Optimization, an A.I.-powered product suite designed to provide vehicle-specific insights that help clients make data-driven decisions and improve their overall portfolio performance.
Bobit Business Media's VehicleRemarket.com has undergone a complete redesign that makes the website a robust, efficient resource for consignors, auctions, and other remarketing professionals.
RMS Automotive is partnering with Manheim to develop a vehicle recommendation engine for wholesale buyers, according to a company announcement.
BMW Group Financial Services has launched an accelerator program meant to provide entrepreneurs, startups, and small businesses with the opportunity to partner with the captive finance company to develop new technologies, according to the company.
Carvana has opened its newest car vending machine in Charlotte, N.C., bringing the number of vending machines it operates nationwide up to nine and the number it operates in the state up to two, according to a company announcement.
Mercedes-Benz USA’s online portal — MbonDemand.com — will now feature vehicles from Sixt Rent-a-Car, a move that will allow franchised and independent dealers to source Sixt off-rental vehicles, according to a company announcement.
Through a partnership between Black Book and Mobility Sales Solutions, dealers will now be able to provide service customers with up-to-date used vehicle values, in order to incentive the purchase of a new vehicle.
Privacy4Cars, an app developed by Jack Cooper Logistics, aims to simplify the process of wiping data off of a vehicle to ensure personal data is kept secure.