Cox Automotive has brought its Kelley Blue Book and Autotrader properties under one leadership structure headed up by Jared Rowe, who is now president of Cox Automotive Media Division. The company shared a statement Tuesday explaining the new alignment. Rowe, who will report directly to Cox Automotive president Sandy Schwartz, had led Autotrader and KBB, […] [Read More]

The deadline for Cox Automotive’s tender offer for Dealertrack Technologies has been extended for a third time in a move to finalize the all-cash $4.2 billion acquisition. On Monday, Cox Automotive 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 […] [Read More]

There’s a growing understanding within the dealer community that social media advertising is a worthwhile endeavor with benefits to reap. Unfortunately, the social media ad space can be a bit tricky to navigate for many just starting out. Dominion Dealer Solutions, however, says its new tool can help facilitate those social media vehicle sales. DDS, the […] [Read More]

Two dealer-centric events and another one coming up later this month all are giving DealerSocket chief executive officer Jonathan Ord plenty of opportunities to interact with current dealership clients as well as prospects. Along with four primary wants, Ord shared the two main strands of questions he’s received as the leader of the company that’s […] [Read More]

On Friday, Xcira unveiled its new floor plan management system, which will begin its launch sequence at BSC America’s Bel Air Auto Auction later this month. Designed to allow an auction to manage its own floor planning program for its dealers more efficiently, the company highlighted the system is the most recent in a series […] [Read More]

Urban Science announced it has purchased AutoHook, a provider of digital marketing solutions that was formerly a division of HookLogic. Urban Science, which provides analytical solutions to automakers and their dealers, said that with AutoHook coming into the fold, the company can now provide dealers and OEMs with the ability to offer real-time incentives via […] [Read More]

Whann Technology Group announced Tuesday that founder Keith Whann will now head up day-to-day operations of the company, having stepped down from his post as chief executive officer of Columbus Fair Auto Auction. Whann joined CFAA in 1987 and had been CEO and an owner for the last 10 years. He will be an owner […] [Read More]

Vcommerce, founded by former Whann Technology Group executive Kelly Bianchi in June, launched its auctionVcommerce.com website on Monday, providing a platform it says can “bridge several gaps within the wholesale automotive industry.” AuctionVcommerce.com, which was built as an “agnostic, third-party consultant to the industry,” is designed to create online standards for auctions and technology vendors […] [Read More]

Alec Gutierrez, senior market analyst of automotive insights at Kelley Blue Book, may not have started his career right off the bat in the automotive industry — but he was always a self-professed “car guy.” Gutierrez, one of the Remarketing and Used-Car Industry's 40 Under 40,  joined the KBB team back in 2007 after working in […] [Read More]

Shift Technologies announced Tuesday it has raised $50 million via Series B funding for its car buying and selling marketplace. Powered by its Series B funding led by Goldman Sachs Investment Partners, along with its previous Series A financing from DFJ and Highland Capital Partners, Shift offers end-to-end concierge services for vehicles of buying and […] [Read More]