eBay has a new platform for buying and selling cars. The global e-commerce marketplace has closed on its acquisition of end-to-end online automotive transaction platform Caramel, a deal that was announced last month. Financial terms were not disclosed. eBay said Caramel’s technology, designed to securely handle the entire sale, including paperwork, ownership transfer, financing, transportation […] [Read More]

RockED is taking another leap into automotive high-tech education. The mobile auto industry sales enablement platform has partnered with Impel, a provider of automotive artificial intelligence technology, to launch the industry’s first standardized AI certification. The automotive AI certification program is designed to give dealership employees and other industry staff the practical knowledge designed to […] [Read More]

Former Cox Automotive executive Joshua Gonsenhauser has joined Lotlinx as vice president of product strategy, the company announced. Lotlinx said Gonsenhauser will lead the ongoing development of its VIN-specific inventory management systems, designed to optimize dealer operations and improve ROI through artificial intelligence and machine learning. “Josh brings a unique combination of industry expertise and […] [Read More]

For Reviver founder Neville Boston, Black History Month is an opportunity to reflect on his personal entrepreneurial journey and the company he’s built — and to look ahead. Reviver has grown since its beginnings in 2009, with its RPLATE digital license plate now legal for all vehicles in Arizona and California, and for commercial fleet […] [Read More]

CarGurus’ latest brand campaign is a Big Deal. The online car shopping platform’s new “Big Deal” ads, which launched Monday, emphasize the important role cars play in people’s lives and the significance of making the right decision during a purchase or sale. The new spots empathize with the big decisions drivers make along the buy/sell […] [Read More]

For auto transport businesses looking to simplify operations and gain a competitive edge, technology offers a winning path forward. Still, the adoption of new tools raises key questions like: Will my team adapt? Will this new tech deliver results? Will the ROI be worth it? The answer to all is a resounding “yes” — but […] [Read More]

We continue our episodes of the Auto Remarketing Podcast originating from Used Car Week 2024 in Scottsdale, Ariz., with a Speed Session featuring Alex Rawitz, who is co-founder and chief operating officer  of DIMO. Rawitz described the conundrum of balancing connected cars and consumer privacy in ways that can still help dealerships. Listen to the […] [Read More]

Private equity investment firm Sverica Capital Management announced it has closed on a continuation fund transaction for Stream Companies Holdings, a provider of marketing software and services for auto dealers and OEMs. In a news release, Sverica said the transaction marks a milestone in its partnership with Stream and underscores its continued commitment toward supporting […] [Read More]

Autosoft’s owner is stepping down from his role as CEO. The dealership management system technology provider announced Bryce Veon, the sole owner of the family-owned and operated company, will transition out of the top leadership position, effective in February. Anthony Belcher, who joined AutoSoft in April as chief revenue officer and moved to chief operating […] [Read More]

UVeye just picked up another big financial boost. The company announced Wednesday it has received $191 million of funding from investors led by Woven Capital. UVeye said the funding will be used to help it meet “surging global demand” for its AI-driven vehicle inspection technology, which it said is nearing 1 million vehicles scanned every […] [Read More]