Through a new partnership with automotiveMastermind, Volkswagen dealerships can now use both the company’s behavioral analytics and marketing automation in efforts to increase store sales and customer retention rates. "Volkswagen has long established itself as producing high-quality, exciting cars and this is the perfect opportunity to integrate predictive analytics into their sales process," automotiveMastermind vice […] [Read More]

When you want to buy a song or album, you might first think “iTunes.” When a car shopper begins his or her purchase journey, Langley Steinert and crew want that consumer to think “CarGurus.” The company that Steinert founded in 2006 has 23 million unique monthly users coming to its website each month and over 22,000 […] [Read More]

Carvana has brought its used-car buying platform to Detroit, the company announced on Wednesday. Detroit-area car buyers can now search through vehicle inventory, finance a purchase and schedule home delivery all on Carvana.com. “Detroit loves cars, and so do we, so we’re excited to be a part of the community and give residents their Saturdays back,” […] [Read More]

Online car retailer Shift has landed a $38 million round of Series C funding led by BMW iVentures. Making the announcement on Wednesday morning, Shift said the round also included new investors DCM Ventures and G2VP, and previous investors DFJ, Highland Capital and Goldman Sachs Investment Partners. BMW iVentures partner Christian Noske is now on Shift’s board […] [Read More]

Black Book now serves as the trade appraisal engine for eAutoAppraise, an online trade-in solution fitted with vehicle shopping features designed to lead dealers to more successful sales transactions. All eAutoAppraise dealers can now provide customizable value ranges on specifically tailored vehicle questions powered Black Book values. Ranges are narrowed down following a series of questions […] [Read More]

Online car retailer Vroom announced a $76 million round of funding on Thursday that brings its total equity funding up to $295 million. The company said in a news release that this Series F round was led by “certain funds and accounts advised by T. Rowe Price Associates, Inc.”, which was joined by prior investors […] [Read More]

Autosoft recently expanded its Connect program with 9 new third-party partners that will provide dealers with increased options for integration with their DMS. Each of them offers services and products designed to help automotive dealers increase profits and create better customer experiences, according to Autosoft. The company’s new partners include Dashboard Dealership Enterprises, Dealer Spike, […] [Read More]

Carvoy has launched Ignite, its newest proprietary product that allows consumers to view live feeds of vehicle availability, get credit approval and schedule delivery online. Ignite also allows consumers to control vehicle pricing by adjusting their preferences, which cause the monthly payments to change in real time, according to the automotive-tech startup. "The best part is […] [Read More]

To generate more high-quality conversions for car dealers, LotLinx has expanded its VS product suite with two new CX solutions designed to enhance and customize the customer experience, the company announced on Thursday. The new products include CX – Photo AI and CX – Amplified Mobile Pages. Both have been equipped to extend VIN-specific consumer […] [Read More]

Cox Automotive acknowledged today’s retail landscape moves faster than ever. And if dealerships and other industry participants are not out front, everyone can risk falling behind. Reflecting its position as a leading provider of products and services for automotive dealers and car buyers, Cox Automotive on Monday announced the launch of Nextology, what the company […] [Read More]