Carpool Logistics

We are so proud to be named The Best B2B Startup at the 2023 Startup Atlanta Awards. A big thank you to the amazing Carpool Logistics team, Atlanta Tech Village, Atlanta Ventures, and Overline.

U.S. auto-industry sales continued to rise in the third quarter, with automakers and buyers largely unfazed by higher interest rates and the impact of a continuing United Auto Workers strike. Dealers and car companies say this year’s strong sales are partly driven by buyers who put off purchases during a period of vehicle shortages in past years. The rebound in fleet sales is also helping boost results as the fleet-side of the business is coming back and growing faster than retail sales. #autotech #logisticstech #autologistics https://lnkd.in/gJTQWEsm

Big News! Carpool has been nominated as an #AtlOnward 2023 Atlanta #Startup Awards Finalist by Startup Atlanta!

Trucking is among the most fragmented industries on the planet. In theory you would expect significant consolidation but the opposite has happened and number of individual trucking fleets has exploded since 2008. Car Hauling is even more fragmented as the barriers to entry are lower, since some of the operators don't even require a CDL license. At Carpool Logistics, we support thousands of small car hauling operators across the US by helping them grow their business. #autologistics #autotech #logisticstech https://lnkd.in/dpj7VuWT

The U.S. auto industry is accelerating its move south as car companies pour billions of dollars into new factories in Georgia, Kentucky and Tennessee. The auto industry’s geographic shift has been slowly progressing for decades, but has sharply picked up in recent years with the transition to EVs. Auto companies have announced more than $110 billion in EV-related investments in the U.S. since 2018, with about half that sum destined for Southern states. At Carpool Logistics, we are excited to be part of the growing automotive ecosystem in the Southeast. Georgia is one of the largest supply chain hubs and offers great pool of talent. #autologistics #autotech #logisticstech #automotive https://lnkd.in/gmcJ_xrm

Used car inventory has stayed extremely constrained due to disrupted patterns for leased vehicles, consumers holding on to their vehicles longer, and rental fleets extending the lifecycle of their fleets. Dealers say the hardest cars to find at auctions for the right money are clean 2- to 4-year-old vehicles. Dealers who have figured out how to snag good vehicles from multiple channels — or even build out their own acquisition operations, such as used-car buying centers — are not necessarily strapped for inventory. Expanding the radius search for available inventory is also an important part of the strategy along with having a reliable logistics partner to ship the inventory very quickly. Carpool Logistics deeply integrates into the dealers’ operation to create the shipping velocity to support the successful used car strategy. https://lnkd.in/g5aCzm-b #autotech #logisticstech #autologistics #automotive

The subprime auto ABS loan performance deterioration has recently moderated in line with typical seasonal trends but remains vulnerable to recessionary pressures. Fitch Ratings is forecasting a mild recession beginning in the fourth quarter and heading into 2024, which could trigger an uptick in delinquencies and losses. #autologistics #autotech #logisticstech #automotive https://lnkd.in/gbn-JHmr

Prices for used cars are slowly coming back to earth and inventories are slowly going up, but cars remain expensive. Defaults and missed payments on pools of auto loans made in the first half of last year to people with subpar credit are matching or outpacing those issued in 2008. #automotive #autologistics #autotech #logisticstech https://lnkd.in/eWhp2-nV

Thank you to our amazing customers for trusting us to transport their #supercars to the Corsa America Rally. #lamborghini #porsche #bentley #corvette