If you’re a franchised dealer, there are four times more independent repair facilities competing for the same customers’ attentions when their vehicle needs service. That’s according to Xtime’s president Neal East, who says his company’s Marketing 7 solution can help target “lost souls,” or customers who have visited the service department but have not returned […] [Read More]

Late on Thursday, Cox Automotive and Dealertrack Technologies issued a one-sentence update on the planned acquisition first announced back on June 12. The companies have extended the tender offer four times and now say the transaction is expected to close in October. Regulatory hurdles and securing a majority of shareholder approval have been some of […] [Read More]

On the heels of Auction Edge making a major acquisition announcement, KAR Auction Services indicated on Thursday that subsidiary Openlane agreed to build a private label website for Auction Edge, utilizing Openlane’s proprietary technology platform. The companies highlighted the private label website created for Auction Edge will be known as the EDGE Marketplace, which has […] [Read More]

CarStory announced on Tuesday that Dealer Car Search has made the Inline CarStory Market Reports available to its dealer-customer subscribers. According to CarStory, the reports embed important vehicle research directly into a vehicle’s detail page, aiming to keep customers engaged on a dealership’s website. The information in CarStory’s market reports include insights generated from real-time […] [Read More]

When Cox Automotive first announced it was going to acquire Dealertrack Technologies, officials believed the deal would be finalized during the third quarter. The companies will just make that timeframe if the deadline for the fourth extension of the tender offer is met. The companies said on Wednesday that the offer previously set to expire […] [Read More]

Along with naming a top executive for EDGE Marketplace, Auction Edge announced on Wednesday that it entered into an agreement to purchase Auto Auction Solutions of Pensacola, Fla., in a deal that is expected to close Oct. 30. Company officials highlighted Auto Auction Solutions will operate as a division of Auction Edge called EDGE AAS with […] [Read More]

Edmunds.com announced the hiring of four new additions to its executive leadership team today, bringing in a mix of individuals with automotive experience as well as from other industries. Billed as a pathway to bring a "fresh perspective" to the company and its efforts to enhance dealer business, the four new executive hires and their […] [Read More]

If you’re looking for a way to help convert your service customers who haven’t previously bought a vehicle from your establishment into retail customers, AutoAlert’s newest tool might just be what you’re looking for. The recently announced tool, CreditConvert, utilizes pre-screen soft credit pull technology to help engage service-not-sold customers. The solution combines AutoAlert data […] [Read More]

CarGurus announced the appointment of its new chief financial officer. Joining the company from Polaris Partners is Jason Trevisan, who formerly served the latter venture capital firm as a general partner. Langley Steinert, the founder and chief executive officer of CarGurus, welcomed Trevisan to the team. “CarGurus continues to expand in terms of revenue and […] [Read More]

DealerRater.com broke its monthly record in August, reporting nearly 60,000 consumer review submissions to the site last month. The total number of reviews for August, coming in at 59,814, represented a 69-percent increase over August 2014’s results. “August was our biggest month ever for submitted reviews,” said Gary Tucker, the company’s chief executive officer. “The […] [Read More]