The previously announced spin-off of Cars.com from TEGNA — which will ultimately results in two publicly traded companies — has been greenlit by the board of directors at TEGNA. TEGNA, which is already publicly traded, said in a news release Wednesday that Cars.com will be spun off through a pro rate distribution of its outstanding […] [Read More]

Along with sharing some of its first-quarter sales and loss projections, online used-vehicle retailer Carvana late on Thursday announced the pricing of its initial public offering of 15 million shares of its Class A common stock at a price to the public of $15 per share. The company said in its latest filing with the […] [Read More]

Jumpstart Automotive Media announced an exclusive ad sales representation agreement with CarStory’s website and app, which matches car shoppers with vehicles using patented technology and datasets. “CarStory is a rapidly growing, mobile-first experience that is focused on streamlining the car shopping process, which aligns with our strategy. They deliver the ‘whole story’ about a car and […] [Read More]

Black Book announced on Tuesday that it now powers the online trade appraisal resource for NsightLive, a content engagement company that works to deliver leads to dealers through its Live content platform that creates content experiences to increase customer engagement levels. “With Black Book’s trade appraisal engine, NsightLive is filling the void for independent auto […] [Read More]

Seeing an industry disruptor like Carvana file for an initial public offering isn’t necessarily something that gives Mark O’Neil pause. Such momentum by an online retailer is perhaps a sign that consumers are heading toward the ecommerce route. Getting away from the profitability aspect, folks gravitate to entities like Carvana “because they offer a process […] [Read More]

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]