Alex Watterson (right) makes a point during the "Inside the Auto Retail M&A and Buy-Sell Landscape” panel at Used Car Week 2025 in Las Vegas as fellow panelists (from left) Gabe Robleto, Brian Gordon and Jesse Stopnitzky look on. Photo by Jonathan Fredin.
CarGurus reported third quarter revenues climbed 12% year-over-year to $258 million, as it continues to ramp up its artificial intelligence capabilities and integrate products into more steps of dealership workflows. During its Q3 conference call, the company highlighted strategic initiatives such as the launch of StockVantage and the expansion of its data-driven tools, including VINMax, […]
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The Independent Auto Auction Services Corporation, which is a consortium of independent auto auctions, is in negotiations to acquire Auction Academy, which is affiliated with TPC Management Company. TPC founded Auction Academy in 2011. The transaction is expected to close by year’s end. Under IAASC, the program would “continue its mission of developing industry talent […]
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When companies talk about artificial intelligence, the conversation often starts with the tools: which model, which agent, which task can be automated. Our experience has been that the first question is more basic: What are we trying to accomplish together? At Block Bridge, we are building Trust Bridge Network to help make automotive commerce more […]
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