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Vroom collects $146 million in latest funding, eyes expansion with new hires

Upstart online used-car retailer Vroom said it raised $146 million in its latest round of funding, including a previously reported $50 million from AutoNation Inc....


KAR agrees to buy European online auction service for $176 million

KAR Auction Services said it agreed to buy Belgium-based online auction company CarsOnTheWeb for about $176 million....


CPOS sell better than non-certified vehicles

Certified pre-owned vehicles are selling quicker and with better margins, according to J.D. Power....


KAR reports 23% rise in net income

The auction services and technology companys core businesses helped offset continued costs associated with its rollout of TradeRev....


Lithia pours $54 million into used-car startup

Lithia Motors is investing $54 million into online used-car buying startup Shift Technologies. The money will help Shift expand technologically and geographically....


Fewer rentals go to traditional auctions

The volume of retired rental vehicles headed for auctions is steadily on the decline....