Dealer Teamwork recently announced that it has received a United States Patent for its Merchandising, Personalization and Optimization Platform (MPOP) technology that creates, distributes and publishes contextual marketing campaigns. The new patent covering Dealer Teamwork’s MPOP technology grants valuable intellectual property protection for the company’s processes regarding methods and data formats connected to developing marketing campaigns […] [Read More]

AutoGravity announced on Thursday that it has introduced its car financing mobile app to New Jersey, making it the 49th state in which the company currently operates.   “Embracing innovation, AutoGravity has built partnerships with the world’s leading banks, major OEM-owned lenders and leading dealership groups,” AutoGravity founder and chief executive officer Andy Hinrichs said […] [Read More]

Cars.com has wrapped up its spinoff from TEGNA and its shares began trading on the New York Stock Exchange on Thursday. The company also announced a seven-member board of directors, its first as a public company.   “This is an exciting moment in Cars.com’s history,” chief executive officer Alex Vetter said in a news release.  […] [Read More]

Auto/Mate Dealership Systems has fully integrated its dealership management system with Dashboard Dealership Enterprises to satisfy the current and emerging needs of its customers, the company announced on Wednesday. Dashboard Dealership Enterprises develops dealership management reporting products and related services such as Executive Eye, the company’s flagship product. "Managers at every level in automotive retail […] [Read More]

NCM Associates has hired Thomas Richards as vice president of NCM Labs to lead NCM’s newest Labs division and its Software Solutions team.  Richards has nearly 25 years of executive experience. Prior to joining NCM, Richards developed and implemented sales strategies for Cox Automotive, vAuto, and Dealertrack. “With Tom, NCM has gained an incredible resource […] [Read More]

An on-demand, live video platform developed by Los Angeles-based startup DropIn, gives dealership product specialists a tool that brings customers to car lots and showroom floors — without the shopper having to leave home. “Nobody wants to come down to the dealership and be sitting in the chair and feel that high pressure anymore — those […] [Read More]

With the motivation being on empowering OEMs, LotVantage recently announced the addition of Dave Yeargin as vice president of strategic initiatives. The company indicated Yeargin will assist in the growth of LotVantage’s Brand Manager customer footprint, with a particular focus in the powersports vertical where he has participated for the past 20 years. LotVantage’s Brand […] [Read More]

Frost & Sullivan’s mobility team pegged how much the automotive industry is expected to invest in blockchain technology during the next eight years. As the digitization trend sweeps across industry verticals, analysts acknowledged blockchains have begun to capture a bigger share of IT budgets. By 2025, Frost & Sullivan projected the total automotive industry's spending […] [Read More]

Flexdrive is now a joint venture.  Cox Automotive has entered into a joint venture with Holman Enterprises that, essentially, takes its Flexdrive vehicle subscription platform from an incubator to the mainstream, the company explained Thursday. With the joint venture, each will have a 50-percent ownership stake in Flexdrive, a business model that was created at Cox […] [Read More]

In yet another major purchase officially announced Wednesday, Experian Automotive confirmed in a blog post by its president that it has acquired String Automotive. The purchase was first reported by The Banks Report earlier this week. “Today is a great day for Experian and our automotive clients,” Experian Automotive president John Gray said in a blog post […] [Read More]