Auctions and inspection companies are coupling traditional hands-on vehicle inspections with imaging technology to create condition reports that give customers better visibility and confidence about a vehicle’s condition.  Those companies are also using and/or testing artificial intelligence and monitoring advances in machine learning. Having more transparency in condition reports is important because buyers and sellers […] [Read More]

The international share of car sales commanded by electric vehicles doubled last year, according to a new report from ResearchAndMarkets.com, which said their penetration climbed from 4.4% to 8.8% globally. In the U.S., there were 608,000 sales of electric vehicles last year, up from 308,000 the year before, according to the U.S. Department of Energy. […] [Read More]

General Motors, though its venture capital arm, GM Ventures, has invested an undisclosed amount in UVeye, an advanced vehicle inspection systems developer. The companies also entered a commercial agreement to explore placing the inspection system in GM dealerships throughout various markets and a strategic collaboration agreement which calls for the two to work on several […] [Read More]

Despite how much your dealership might highlight the quality of vehicles in your used inventory, some potential buyers still might want to have a mechanic conduct an inspection. That’s a service Curbee, a mobile car-repair company, now is looking to provide. Created two years ago by the builders of Tesla and Lyft’s mobile car care […] [Read More]

Mergers and acquisitions are happening in automotive adjacent industries, too. On Monday, carsales.com, one of the largest online marketplaces in Australia focusing on the automotive, motorcycle, and marine spaces, announced the intention to purchase the remaining 51% of Trader Interactive from the current investors, Eurazeo and Goldman Sachs Asset Management to bring its holding up […] [Read More]

Evidently, ACV is a great place to work. The digital automotive marketplace and data services partner for dealers and commercial partners announced on Monday that it has been named one of the Best Workplaces in New York in 2022 by Great Place to Work and Fortune. The Fortune Best Workplaces in New York accolade is […] [Read More]

Dealer Inspire (DI) recently finalized a new OEM partnership with Subaru of America. The Cars.com company that provides advanced technology and digital advertising solutions to the automotive industry has been named a certified website provider in the Subaru Certified Retailer Program. According to a news release, DI will have the opportunity to partner with Subaru’s […] [Read More]

General Motors must like the potential of UVeye, a provider of advanced vehicle diagnostic systems. This week, UVeye announced it has received an investment from the automaker’s capital venture arm — GM Ventures — to help fund the development and commercialization of the company’s vehicle inspection technology. According to a news release, UVeye also has […] [Read More]

STELLA  Automotive AI, which provides conversational artificial intelligence technology, said Tuesday it has named a vice president of U.S. sales. Hired for the role is Sherri Eidenberg, whose 20-plus years of experience includes time with Live Person and Cox Automotive. “We aligned early with dealers to help them solve real problems,” STELLA chief executive officer […] [Read More]

The AutoManager and Selly Automotive software companies have merged. AutoManager Holdings Group, which provides DMS and website tools to independent dealers, said in a news release Monday it has completed the merger between its AutoManager Acquisition, Inc. subsidiary and A1 Software, Inc., which does business as Selly Automotive. Selly provides CRM software to independent auto […] [Read More]