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]

Here’s another way store managers can measure how impactful — both from reach and cost perspectives — their online presence is. Dealers using Google Analytics are now able to accurately attribute the value of third-party sites such as Cars.com, according to the initial findings from a trial use of Clarivoy’s Multi-Touch Attribution solution. In an […] [Read More]

Already having forged bonds with industry participants such as Black Book, First Investors Financial Services, Fletcher Jones Auto Group and Westlake Financial Services, AutoGravity announced a relationship with another significant industry player looking to leverage its advanced mobile technology to help vehicle shoppers secure financing. VW Credit (VCI) on Thursday announced that it has committed […] [Read More]

Auto/Mate Dealership Systems has selected Lisa Copeland of Lisa Copeland Global Enterprises to deliver the keynote address for its Customer User Summit from October 11 to 13 in San Antonio. Copeland’s presentation is titled "Outwitting Fear; Mastering the 7 Principles of Fearless Success." "Lisa is a longtime motivational speaker in the auto industry and her […] [Read More]