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]

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]