In the latest development in the previously reported $4.2 billion cash deal, Cox Automotive and Dealertrack Technologies on Friday extended the offering period of its previously announced tender offer to purchase all of the outstanding shares of common stock of Dealertrack for $63.25 per share. Officials said the offer, which was previously scheduled to expire […] [Read More]

In a move executives see as a pathway to satisfy regulators’ concerns, DealerSocket capped off its User Summit on the West Coast on Thursday by announcing a development with Dealertrack Technologies. The two technology companies entered into a definitive agreement under which DealerSocket will acquire Dealertrack’s Inventory+ business in an all-cash transaction for approximately $55 […] [Read More]

While men might be more interested in electric- and diesel-powered vehicles, women may be more open to the integration of technology in vehicles for the purpose of navigation and safety concerns. These are the results of two completely separate studies on how men and women feel about varying levels of technological advancement and fuel types […] [Read More]

One of the companies making some waves in the used-car and certified pre-owned space these days is SiriusXM, so as part of our annual Power 300 issue of Auto Remarketing, we reached out to Joe Verbrugge, senior vice president and general manager of SiriusXM Auto Remarketing Division, to talk about the company's footprint in the pre-owned […] [Read More]

CDK Global hosted more than 200 of the best programmers, coders and graphic designers in Portland, Ore., during its recent Summer Hack-a-thon. Being CDK’s fourth Hack-a-thon event, CDK aimed to bring together associates and summer interns to invent new ways the company can leverage technology to benefit the company’s dealer clients. Over the course of five […] [Read More]

Dealer management system provider Autosoft Inc. announced Monday it has expanded its DMS program to offer dealers more choices. The company revealed the release of new APIs (application programming interface) for third-party service software providers to facilitate integrations with its FLEX dealer management system. Company management explained these APIs will allow service software providers to […] [Read More]

Edmunds.com has launched a new customized tool called Edmunds Express that is designed to help dealers save time, close sales faster and foster trust with the consumer. And it doesn’t just revolve around price; it provides an easier path for the dealer to validate the trade-in offer and the perks of cars in the store’s […] [Read More]

It’s one thing to appear to have a huge social media following. But if you’re not actively engaged with your customers, it may all be for naught. That’s the message from Naked Lime Marketing’s vice president of sales Chris Walsh, who spoke at the Automotive Social Media Summit 2015 in June. “Using social media for […] [Read More]

Dealer chat and website engagement provider Gubagoo announced Wednesday a strategic partnership with Zimmerman Advertising. Rick Friedman, the executive vice president of automotive at Zimmerman, summed up the strategy. “This strategic partnership with Gubagoo is a key capability to our retail automotive division’s exclusive integrated media messaging strategy,” Friedman said. “Gubagoo’s desktop and mobile chat […] [Read More]

Through its research and focus groups in recent years, Cars.com has found an interesting and extremely prevalent pain point among consumers who are trying to sell their cars. And it's perhaps a misconceived perception by the consumer, at that — but one that gives dealers an opportunity to boost their used-car operations. “What (consumers) overwhelmingly […] [Read More]