Vroom said Tuesday it has signed a deal to acquire CarStory through the purchase of its parent company, Vast Holdings. The deal is worth approximately $120 million, subject to adjustment, and is comprised by roughly 60% cash and 40% Vroom common stock.  The exact cash-stock split will be determined when the deal closes, which is […] [Read More]

ReviverMX Inc. is developer of what it describes as the world's first digital license plate, and the plate works through an encrypted app with the ability to renew auto registration without paperwork and display various designs and banners. On Tuesday, ReviverMX said Black Star Fund has made a “significant six-figure” equity investment in the company. […] [Read More]

Sean Peoples, who has held leadership positions at CarGurus, Edmunds, Lotlinx and Chrome, has joined used-vehicle platform SureSale as vice president of sales. Peoples will work toward bringing SureSale’s platform to U.S. auto dealers, which the company said can help those dealers increase gross profits and accelerate inventory turn on their pre-owned vehicles. He previously […] [Read More]

Through its Mastermind Gives Back program, automotiveMastermind makes regular charitable donations on behalf of employees and dealer partnerships. Most recently, the company made a donation to the National Pediatric Cancer Foundation. Mastermind, a predictive analytics and marketing automation company, made the $10,000 donation on behalf of the company and its dealer partners in lieu of […] [Read More]

In a deal that would expand the company into wholesale, CarGurus has agreed to purchase a majority stake in CarOffer, an automated instant vehicle trade platform. CarGurus, which would acquire 51% interest in this deal, has the ability to also purchase CarOffer’s remaining equity interest over the next three years. The deal is valued at […] [Read More]

Retail automotive technology company CDK Global has named David Hahn as chief information security officer. Hahn in his new role is responsible for development of a global strategy and execution of the roadmap for managing technology risk and information security across the company’s IT, product engineering, and research and development departments. He will also be […] [Read More]

Alexi Venneri says women have strong buying power and unique considerations when acquiring a vehicle, which Venneri described as “one of the largest purchases most families make.” Venneri is co-founder and chief executive officer of technology company Digital Air Strike and noted that the company was proud to seek new partners such as Women-Drivers.com, to […] [Read More]

The pandemic has limited consumers’ ability to leave the house. But a company producing a new auto repair bidding app says consumers still need their cars to get to the grocery store or doctor. The ObiiGo app is bringing the customer and independent repair facility together in unison, working together to find the best pricing […] [Read More]

Impact Auto Auctions Ltd. has launched SpinCar Feature Tour within its online auction platform. Impact Auto Auctions is the Canadian business unit of digital global marketplace IAA, and Feature Tour is powered by SpinCar’s cloud-based software platform and database of OEM-endorsed multi-media content. With Feature Tour, Impact’s buyers gain instant access to each vehicle’s original […] [Read More]

Software company AutoMobile Technologies has released its newest vehicle reconditioning software product, noting that dealerships, auctions, recon companies, rental car companies, and any organization bringing multiple vehicles through reconditioning can use the product to manage and control every aspect of their operation. The product is called Repair360, and the company describes it as a single […] [Read More]