When it comes to technology, I’m not what you would call an early adopter. Until December 2013, I was the rare millennial who still had a flip-phone. But I finally joined the 21st century and got an iPhone for Christmas that year, officially giving up on looking like a “Breaking Bad” extra. So, the irony […] [Read More]

Along with soft launching a new way for consumers to sell their vehicles so that the units might end up in the auction lanes, online vehicle marketplace operator Beepi hired David Faugno as its chief financial officer on Tuesday. While the company has been in operations for just over two years, Faugno is its first […] [Read More]

CDK Global has announced a new way to connect digital vendors to dealers. Called Partner Connect, the program creates a pool of approved applications that can be added to a dealer’s website. Partner Connect can give dealers increased functionality on websites provided by CDK and ensure that vendors looking to integrate are optimized into the […] [Read More]

Social media success for your dealership is not an exact science. You may fall into one of the below categories when it comes to managing your dealership’s social media presence, which is synonymous with having a website. You need to have it in order for your dealership to stay competitive. Here are the five ways […] [Read More]

Pay heed: For dealers, “the win-lose moment is online,” says LotLinx founder Len Short.  “Consumers are making their dealer destination visit decision when they see the car they want,” Short said in an emailed Q&A. “If dealers are not attracting those ready-to-buy consumers to their site, they will not be in the consideration set of […] [Read More]

On Thursday, DRIVIN — a service for dealers that utilizes data to help sell, source, acquire and deliver quality used vehicles for its partners — announced that the company is expanding its partnership with Silicon Valley Bank (SVB) with a new $6.5 million senior debt facility. With more than 500-percent growth in monthly transaction volume […] [Read More]

While consumer sentiment for these type of units remains soft, the Department of Transportation on Tuesday unveiled a Federal Automated Vehicles Policy aimed at guiding the testing and deployment of automated vehicles. Automated vehicles, which can take over some or all of the driving task, are purported to have the potential to prevent human-error car […] [Read More]

Online retailer Vroom has completed a $50 million Series E funding that brings the company’s total funding to $218 million. The funding round — led by T. Rowe Price Associates — will be used to “drive accelerated growth,” the company said in a news release Tuesday. Others in the funding round include new investors Altimeter […] [Read More]

This year, hundreds of independent dealers who previously attended Innovate: The Independent Dealer Conference will instead set their sights on DealerSocket’s User Summit. The seventh annual conference will host dealers from both the franchised and independent space with more than 1,100 guests expected. This is the first year that User Summit attendees will be able […] [Read More]

Auto/Mate Dealership Systems has integrated its dealership management system with myCarfax Service Shop tools to help dealer customers increase the success of their fixed operations. The companies explained this enhancement makes it easier for dealers using Auto/Mate software to join the myCarfax Service Shop program and take advantage of the program’s benefits. Auto/Mate subscribers that […] [Read More]