Carvana announced a new funding round Wednesday morning that pushes its total funding toward half-a-billion dollars. With the $160 million Series C funding, the online car retailer’s funding is now at $460 million. Carvana said in a news release that it plans to put the latest round toward growth moves like the expansion of physical […] [Read More]

On Tuesday, Edmunds launched what the company called Edmunds Ad Solutions, a new mobile-optimized ad product for dealers to target in-market vehicle shoppers on Facebook and Instagram. Site officials explained Edmunds Ad Solutions uses exclusive first-party shopping data from Edmunds to serve shoppers with highly relevant native ads on Facebook and Instagram to drive buyer […] [Read More]

Amid what the company is calling a period of significant growth in sales and technology, VinSolutions has promoted Chase Abbott to vice president of sales and Ken Wiebke to senior director of technology. In his new role, Abbott will oversee the entire sales team at VinSolutions. He joined the company in 2008 as regional sales […] [Read More]

TradeRev, a mobile app and provider of a vehicle appraisal and auctioning system for dealers, announced on Monday the company has launched its operations in the Northeast region of the United States with employees on the ground in Boston as well as Connecticut, Rhode Island, New Hampshire and Maine. In making the announcement, TradeRev executive vice […] [Read More]

Flick Fusion has announced the integration of its SmartFlicks video marketing platform with the DealerHosts Technology Management Solution (TMS) 5.0, a hybrid lead management and CRM system. The integration allows car shoppers’ video viewing data to be captured from auto dealers’ websites, third-party listing sites such as Autotrader or Cars.com, or any other touchpoint from […] [Read More]

Instagram recently launched a completely new feature set called Instagram Stories. The company describes it as “a new feature that lets you share all the moments of your day, not just the ones you want to keep on your profile. As you share multiple photos and videos, they appear together in a slideshow format: your […] [Read More]

Carvana continued its East Coast expansion Wednesday, launching in Washington, D.C. This is the online car retailer’s 15th market overall and the sixth it has added in 2016. Most recently, Carvana opened up shop in Richmond, Va. “Washington, D.C. is the largest market we’ve launched in to date, so we’re tremendously excited to be here,” Carvana […] [Read More]

Online car buying and virtual-reality test drives are among the technologies generating the most attention in auto retail. And a move Tuesday by Vroom brings those worlds closer together. The direct-to-consumer online car retailer has launched a virtual reality showroom where shoppers can “explore” cars available on Vroom.com through HTC Vice headsets. Shoppers can use […] [Read More]

Perhaps it takes a shopper longer to decide which vehicle they want from your inventory than it did for the acquisition of DealerRater by Cars.com to close. Cars.com announced on Monday that it closed the acquisition of DealerRater, a transaction first announced a week ago. The companies reiterated that terms of the transaction were not […] [Read More]

Car dealers will be able to create virtual reality vehicle videos through a new service launched by video marketing solutions provider Flick Fusion. On Monday, the company announced the launch of 360VR, a platform that lets dealers generate VR inventory videos for use on their websites, in email marketing and mobile ads, and on social […] [Read More]