The 25th market for Carvana is its largest one yet. The online used-vehicle retail platform announced expansion on Wednesday into Chicago, the company’s first market in Illinois where an estimated 13 million consumers in the greater Chicagoland area can now could get free, as-soon-as-next-day delivery of any vehicle from Carvana’s 7,300-plus unit inventory. “Chicago is […] [Read More]

The growth trajectory of TradeRev, starting from Canada, has spread throughout that country and into the South, East Coast and North Central areas of the U.S. It has hopped the pond to offer white-label services in the United Kingdom, with discussions ongoing to launch in mainland Europe. In mid-March, it secured up to $15 million […] [Read More]

Selly Automotive’s customer relationship management platform has been combined with dealer management systems software from Los Angeles-based DMS provider AutoManager, Selly announced on Tuesday. “For the past eight months, we have worked very closely with AutoManager to be thoughtful about the independent market and create an integration that will eliminate the need of double entry,” Selly […] [Read More]

Dealership sales lead provider Autobytel generated record revenue during the first quarter, which the company said was primarily driven by the continued strong growth of advertising click revenues. For the quarter that wrapped up March 31, Autobytel reported an 8-percent year-over-year increase in revenue to $37.3 million. That advertising click revenue spiked a whopping 152 […] [Read More]

It was mid-afternoon on Dec. 5, 2013, and KAR Auction Services chief executive Jim Hallett was at a meeting in a Chicago boardroom. A person in that meeting was discussing a new product called TradeRev that had been launched in Canada. “I stopped the meeting, and I said, ‘Go and phone the principals right now, […] [Read More]

Stream Companies, an integrated traditional and digital marketing agency in Tier 3 automotive, recently acquired WorldDealer, another integrated advertising agency and automotive website company. With the acquisition, Stream explained that it adds a number of key agency accounts and more than 100 websites to FullThrottle, its performance website platform specifically made for dealers. Paul Accinno, […] [Read More]

On Monday, LotLinx announced that it named a senior vice president of channel strategy to lead major initiatives aimed at expanding the company’s presence in the car dealer market. Chosen for the newly created position is Mark Conner, who most recently managed a team of 60 marketers for Lithia Motors. “Under Mark's long and skillful […] [Read More]

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]