Next up in Auto Remarketing’s “4 Questions With” series of Q&As with industry executives, we connect with Brad Rosenfeld, CarGurus executive vice president of digital retail commercialization. The following Q&A with Rosenfeld is available to CMG Premium subscribers ... [Read More]

Getaround’s recent acquisition of HyreCar’s assets also included experienced executives who were given new positions this week. Former HyreCar CEO and chief financial officer Eduardo Iniguez now will be senior vice president of finance and strategy, while former HyreCar chief operating officer AJ Lee now will serve as vice president of gig marketplace. Through this […] [Read More]

Back to the technology space for the latest M&A move in the automotive industry. Late on Monday, dealer management system software provider DealerBuilt announced the acquisition of Oplogic, a comprehensive CRM solution provider for dealerships. Executives said the acquisition enhances DealerBuilt’s suite of solutions to include Oplogic’s intuitive tools for desking and digital retailing, lead […] [Read More]

One of this year’s Emerging 8 honorees now has a new chief revenue officer. Dealer Alchemist, a digital ad agency with a technology-first approach in automotive, announced on Friday the appointment of Jeff Clark as its new CRO. With an impressive track record of success in the automotive industry and a distinguished military career, Dealer […] [Read More]

This week, Dominion DMS announced integration with ProMax to give dealers various options to increase efficiency and profitability. The service providers said ProMax has features that will complement VUE DMS and give dealers the tools “they need to be a step ahead of the competition.” Mazda Direct general sales manager Tim Honaker said through a […] [Read More]

With so much M&A activity happening involving dealerships, auctions and other shops connected to automotive, Epiq is rolling out two new dashboards for its Metrics That Matter legal business intelligence solution that can deliver robust contracts intelligence. Metrics That Matter now includes two new commercial contracts dashboards — M&A due diligence/integration planning and data privacy […] [Read More]

And now for some M&A activity in the carsharing space. Getaround announced Thursday evening it would acquire substantially all of HyreCar’s assets for $9.45 million. In March, HyreCar had filed a motion with the U.S. Bankruptcy Court in Delaware to sell its assets under Section 363 of the Bankruptcy Code. The purchase is expected to […] [Read More]

This week has been a busy one for investments flowing into artificial intelligence-fueled technology providers for the auto industry. On Wednesday, Ravin AI, a leader in deep learning vehicle inspection technology, secured its first Australian investment from Firemark Ventures, the corporate venture capital arm of IAG, one of the largest general insurers in Australia and […] [Read More]

TradePending’s newest tool to help dealerships retail more used vehicles quickly impressed Rebecca Balonier, who is internet director at Volkswagen of Elgin in Illinois. Marrying TradePending’s products with data from CARFAX, service history records, window stickers and local market statistics, AutoBio is new a communication platform tied to TradePending’s entire data ecosystem and numerous value-add […] [Read More]

UVeye, which develops automated vehicle-inspection systems, said Tuesday it has landed a $100 million Series D funding round led by Hanaco VC. The round also included participation from existing investors GM Ventures, CarMax, W.R. Berkley Corporation, F.I.T. Ventures L.P. and Israeli institutional investors. UVeye plans to use the Series D funding to build inspection systems […] [Read More]