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Through the partnership, more than 5,000 car dealers will gain the ability to list vehicles for sale, rent, or rent-to-own to ride share drivers who download the DriveItAway app.
This investment round brings Vroom’s total capital raised to $721 million.
Recovery Database Network and Clearplan — two business units of Kar Global — have made enhancements to their respective platforms.
The new capital will allow ACV Auctions to further its investment in technology and data driven solutions that will help dealerships source and sell used vehicles.
The platform has been in use throughout the company's Canadian operations since 2016, but it is now bringing it to the U.S. market.
KAR Global's Openlane digital marketplace has given $10,000 in donations to two organizations and will launch an employee engagement initiative in 2020 to support coding education in Canada, the business unit has announced.
TradeRev cut down vehicle delivery times by nearly 50% in the first half of 2019. The company is now on pace to deliver cars within 100 miles in two days
Vehicle logistics provider Acertus has launched a transportation management platform that allows vehicle manufacturers and shippers such as fleet management companies to better manage the process of moving vehicles between locations.
The goal of the new platform, noted Manheim, is to provide a faster and more consistent inspection. One way that it will attempt to do this is through a methodical inspection guide.
KBB stated that OEMs, dealers, website publishers, and auto industry product developers can reach out to the company in order to begin the process of incorporating its five-year TCO data onto their websites.
As part of FCA’s national certified pre-owned vehicle dealer meeting, ADESA launched four simulcast sales from four of its auction locations: ADESA Golden Gate, ADESA Indianapolis, ADESA Kansas City, and ADESA Las Vegas.
Auction and reconditioning services provider ADESA (div. KAR Auction Services Inc.) announced the launch of Recommendations, a new solution billed as the industry’s first personalized vehicle carousel for used-vehicle dealers.
Manheim is boosting investment in its Simulcast technology and will be add new features to the system, the company announced.
TradeRev has expanded its digital platform to two new markets: Kansas City, Mo. and Minneapolis, the company announced.
The device comes in the form of a low-profile tool that uses ACV's mobile hardware and software technology to provide high-resolution bumper-to-bumper view and image of a vehicle's undercarriage in less than one minute.