Articles

Startup aims to make online car shopping easier

The horrible experience John Kohlmeyer’s mother had trying to shop for a car online inspired him to create DriveVelocity, a company that not only overhauls dealer websites but also packages all their Web-based customer-relationship tools.

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J.D. Byrider sold to private equity firm

The Indianapolis-based used-car chain has been acquired by Altamont Capital Partners near San Francisco, in a deal Byrider executives say will give the franchisor the necessary capital to grow.

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Dreyer & Reinbold expanding racing operations

Carmel-based team is building a 12,000-square-foot addition at its headquarters that will house a state-of-the-art machine shop outfitted with high-tech milling machines manufactured by Indianapolis-based Hurco Cos.

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Tight supply of used vehicles drives up values

Used-car prices are on the rise. Last month, the average used-car transaction was for $19,345 vs. $16,586 a year earlier, according to Edmunds.com. Last year, used-vehicle prices generally were 10 percent to 15 percent higher than in 2009.

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New-car dealers hit hard in 2009

Indiana lost 49 new-car dealers last year, the biggest thinning of the herd in at least a decade, according to data released
last month by the National Automobile Dealers Association.

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Gavel flies on muscle car auction

"My Name is Earl" and "Charlie's Angels" cars are among the more peculiar offerings
at the 1,750-vehicle
Mecum Auction Co. collector car sale that runs through Sunday at Indiana State Fairgrounds.

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