As a long-time car enthusiast, I can’t help but get excited by all the attention being lavished on the automotive industry right now. There are times as a venture capitalist, however, when I wonder if the spike in financings and associated high valuations are signs that we are in a bubble that’s about to burst. […] [Read More]

In addition to efficiency gains, Grappone Automotive Group's Mark Brown says Roadster's Express trade tool has brought its stores increase opportunity for customer loyalty. “They really appreciate the fact that we give them a firm offer that is competitive and relevant to the third-party resources that are out there in the world and are accurate,” Brown, the group’s […] [Read More]

The National Independent Automobile Dealers Association said Thursday that ACV Auctions is now a bronze-level national corporate partner of the organization. This follows news from earlier this month, when ACV announced a $31 million round of Series C venture funding that will allow it to double its footprint and expand coast-to-coast by year’s end. In […] [Read More]

CarStory announced Thursday that its CarStory Market Reports for used-vehicle insights are now available to all Ford and Lincoln dealers with a FordDirect website at no charge. Ford and Lincoln dealers have access to CarStory's proprietary vehicle and market analytics tool, which uses the industry's largest set of inventory and shopper insights, according to the company. […] [Read More]

On Wednesday, Pearl Technology Holdings introduced its newly enhanced VehicleXchange (VX) marketing platform that's been redesigned to give users an easy-to-use daily workflow on both desktop and mobile devices. VX is now integrated with three other Pearl subsidiaries and several CRM functions have also been incorporated into the redesigned application. The addition of ShowroomXpress (SRX), […] [Read More]

Cars.com said Wednesday it has agreed to purchase Dealer Inspire and Launch Digital Marketing, which are privately held companies providing digital solutions to dealers — including digital retailing, among many other services.   The deal is worth $165 million upon closing plus “additional consideration based on future performance,” Cars.com said in a news release. Those […] [Read More]

Leveraging the mobile phone is a must because a growing number of consumers are accustomed to being able to shop for just about every and anything thing online, says Carvoy co-founder and chief executive officer Daniel Yuabov. “There’s a study that actually shows that more people have a phone versus a computer, and if we were to go […] [Read More]

Carvoy's co-founder and chief executive officer says he decided to launch Carvoy Ignite for dealerships after his startup was able to understand just how car shoppers operate online. “When we first started leasing cars online, we facilitated the entire transaction on our own website,” explained Daniel Yuabov during a January phone interview with Auto Remarketing. “We basically wanted […] [Read More]

AutoLoop announced Friday that its proprietary service platform is now a Hyundai certified Service Lane Technology solution. Via the integration with the AutoLoop system, U.S. Hyundai dealers can modernize the service retail experience to help increase both profitability and customer satisfaction, the company said. “Given that 94 percent of customers today say their service experience […] [Read More]

As AutoGravity continues to build its roster of OEM captive clients, the FinTech firm specializing in mobile auto financing availability strengthened its executive team, as well. The latest personnel announcement included AutoGravity appointing Meesh Pierce as vice president of product management. “Meesh is a seasoned leader with deep expertise in building industry-changing products. And with […] [Read More]