The automotive industry is buzzing. Everywhere you look — from vendor booths at NADA to your LinkedIn feed — it seems like every company is claiming to have the next great artificial intelligence widget. The phrase “AI-powered” is now table stakes, and frankly, it’s created a lot of noise that makes it hard for dealer […] [Read More]

Randy Kobat is the newest executive at Lotlinx, as the company on Wednesday appointed him as its chief commercial officer. Kobat comes to Lotlinx after most recently serving as president of Repair OnDemand, a division of Repairify backed by Kinderhook Industries. Lotlinx highlighted that Kobat brings decades of executive leadership experience across automotive software and […] [Read More]

Automotive software platform Dealerware has been acquired by a group of growth investors with a goal of speeding product development and expanding the company’s range of offerings for its customer base of OEMs, retailers and fleet operators. The investors were led by Wavecrest Growth Partners and Radian Capital, with participation from Automotive Ventures, auto industry […] [Read More]

Privacy4Cars has added to its leadership team and its board of advisors. The automotive data privacy technology company announced Sherryl Nens has come on board as its new head of U.S. dealership sales and Jonathan Holland has joined as the company’s board advisor for Europe. Privacy4Cars said both roles are newly created to accommodate its […] [Read More]

TrueCar’s stockholders voted late last month to approve the previously announced acquisition of the company by Fair Holdings, an entity led by TrueCar founder and former CEO Scott Painter. The deal is expected to close this month. Once that happens, TrueCar stockholders would receive $2.55 in cash per share. TrueCar will become a privately owned […] [Read More]

Cars Commerce will have a new CEO in mid-January. The company announced Thursday that Alex Vetter will step down from the role and from the board on Jan. 15, and that the new CEO will be Tobias Hartmann, who will also join the board. Vetter will serve as an advisor to the company from Jan. […] [Read More]

CarGurus said Tuesday it has launched an artificial intelligence-powered used-car pricing tool that uses real-time consumer data from the auto shopping platform. The solution, called PriceVantage, is designed to offer predictive pricing guidance to dealers, based on the store’s individual needs, market, inventory and goals. “PriceVantage is the next step in our work to put […] [Read More]