On Monday, TrueCar announced a proposed public offering of its common stock that would include an expected 1 million shares of common stock and 7.5 million shares from certain existing TrueCar stockholders. It is anticipated that TrueCar and the selling stockholders will give the underwriters 30 days to buy up to a total of 1.275 […] [Read More]

TrueCar is teaming with Galves Market Data to pilot a trade-in platform. The company signed a memorandum of understanding to partner with R. Hollenshead Auto Sales and Galves Market Data (a Hollenshead subsidiary) for a six-month pilot of TrueCar Trade. The platform, powered by Galves Accu-Trade, aims to provide” completely transparent valuation process designed to […] [Read More]

Dominion Dealer Solutions announced on Thursday that Dominion Dealer Specialties has introduced LiveLot, a fully responsive video marketing platform that supplies auto dealers with full-service video marketing strategies and tools. On the LiveLot mobile app, dealers can make and publish vehicle inventory videos with custom voiceovers, vehicle walkarounds and customer testimonials. “In the past several […] [Read More]

Carvana has unveiled the Frisco Car Vending Machine in the Dallas area, the company’s fourth Car Vending Machine in Texas, joining the cities of Austin, Houston and San Antonio. The Frisco Car Vending Machine, located at 5252 State Highway 121, is the fifth of its kind in the country. It stands eight stories tall, contains four delivery bays, […] [Read More]

The Chicago headquarters of DRIVIN has all the trappings of a young, up-and-coming tech company. A mostly open-air format, with cityscape views, hardwood floors and even a bar for post-work gatherings. And these digs are housed in a Windy City building known for companies on the cutting edge of data science: 600 West. Or, as […] [Read More]

SiriusXM announced on Tuesday that dealer group Rightway Automotive signed on to its Pre-Owned Program, which provides a three-month subscription to the radio company’s All Access package. Any of the group’s customers who purchase a pre-owned vehicle with a factory-equipped satellite radio can use the service. “Rightway is a welcome addition as we continue to […] [Read More]

Clicking a button to buy a car is not only the route that the auto wants to go, it’s also the route it should go. That’s according to comments from Cox Automotive chief operating Mark O’Neil, shared ahead of his speech Tuesday at the Automotive Forum in New York. O’Neil projects that the industry is […] [Read More]

EVOX Images has launched the 6.0 version of its free virtual reality app RelayCars, which features an expansive and high-quality VR automotive library that allows users to tour the interior and exterior of more than 700 vehicles with Samsung Gear VR. Since its inception, the app has been downloaded more than 900,000 times, according to EVOX. “We […] [Read More]

In-car Internet service provider Autonet Mobile recently improved the inventory monitoring capabilities of Dealer Connect, its year-old connected car technology platform built to support fleet and dealership operations, the company announced on Monday. Dealer Connect’s new updates allow dealership and fleet management to now view all of their connected vehicles on a single map, track […] [Read More]

ForeverCar said it understands vehicle service contracts remain important revenue generators for dealers. They provide useful safety and budget protection benefits for consumers that purchase them for new and used vehicles. The company acknowledged VSC closing rates average 35 percent to 40 percent, excluding lease and cash customers who don’t buy service contracts, and that’s a […] [Read More]