December 15, 2017 - Industry News
TrueCar has agreed to switch California auto dealers from a pay-per-sale to a flat-fee subscription model and double their indemnity to $50,000 to settle a lawsuit brought by the California New Car Dealers Association.
Tags: California New Car Dealers Association, compliance, digital retailing, third-party sites, TrueCar
December 13, 2017 - Industry News
ActivEngage announced the addition of a 700Credit-powered financial qualification feature to its dealer-focused omnichannel communications solution.
December 12, 2017 - Industry News
After a steady October, used-vehicle values fell slightly in November. Black Book officials said the decline was typical of the holiday season.
December 8, 2017 - Industry News
Connectiv1 is a new end-to-end marketing platform that includes a predictive analytics engine designed to allow dealers to leverage their data and conduct multichannel campaigns that increase customer retention.
December 5, 2017 - Industry News
AutoGravity’s Sheng Wang has been appointed to chief technology officer after serving as the fintech provider’s first product director.
Fastlane has announced plans to offer its online car-buying platform to independent and pre-owned dealers starting in January.
November 29, 2017 - Industry News
Jumpstart Automotive Media’s most recent Path to Purchase Report shows growing interest in large pickups at the expense of subcompact SUVs and CUVs in October.
November 28, 2017 - Industry News
Vast’s AI platform, CarStory, announced new patents for its Predictive Conversions Systems and Methods and Market Relative Position Engine solutions.
November 20, 2017 - Industry News
New data from Dealer.com reveals a post-summer surge in dealer website traffic and shows Black Friday purchase intent far outpaced Cyber Monday in 2016.
Darwin Automotive has launched Darwin Online, described by the company as the auto industry’s first fully functional 24-hour F&I department.
Auto retail expert Max Zanan’s highly anticipated ‘Perfect Dealership: Surviving the Digital Disruption’ is now available for purchase.
November 16, 2017 - Industry News
The social network announced the launch of two new ad features intended to help dealers and other automotive companies target users and capture their contact information.
The Manheim Marketplace is poised to deliver what the provider claims to be the industry’s first omnichannel experience, combining all channels to create a single, integrated destination for buyers and sellers.
November 15, 2017 - Industry News
The latest edition of J.D. Power’s U.S. Sales Satisfaction Study finds car buyers still rely on interaction with sales professionals to drive their shopping experience.
November 14, 2017 - Industry News
New research from PERQ shows dealership website visitors are more likely to purchase if offered a guided online experience and increasingly wary of features designed to capture their contact information.
Former R.L. Polk executive Bob Sherman and former CallRevu executive Kim De Palma have joined LotLinx as the company prepares to expand.
November 9, 2017 - Industry News
Manheim’s growing collection of digital and offsite offerings promises dealers more ways to buy and sell vehicles.
November 1, 2017 - Industry News
The funding will be used to grow market share, invest in product development, and expand client services, officials with the digital marketing firm said. fusionZONE was founded in 2009 and provides web design services and conversion strategies to dealers.
Tags: dealer website, digital marketing, fusionZONE, lead conversion, Primus Capital
October 31, 2017 - Industry News
The new platform gives users of Pearl’s VehicleXchange incentive-based marketing solution the ability to know which consumers are new or pre-owned buyers, and can target by propensity, APR, payment amount, term and credit score, and more.
Tags: data mining, digital retailing, Experian Automotive, online F&I, Pearl Technology
Flynn guided the company’s multi-year transformation effort. The executive is now set to replace Robert. N. Karp, who is leaving the company in December.
Tags: CDK Global, Daniel Flynn, showroom, technology
A study conducted by Jumpstart Automotive Media and Ipsos Connect sought to identify luxury car buyers and determine what motivates them, and the results were surprising.
October 25, 2017 - Industry News
The latest edition of eLEND Solutions’ Digital Retailing Survey finds most dealers describe themselves as willing to adopt digital retailing but actual adoption rates — and levels of understanding — are wanting.
October 24, 2017 - Industry News
Flick Fusion’s new VidCom mobile app was designed to offer auto dealers a multiplatform video communications tool.
October 23, 2017 - Industry News
Fair’s latest funding round was led by BMW iVentures and includes investments from Penske Automotive Group and other investors. The startup also raised nearly $1 billion in debt funding from a group of investment banks and a Sherpa Capital-led entity.
Tags: digital retailing, Fair, George Bauer, online F&I, Scott Painter, TrueCar
October 19, 2017 - Industry News
Honcker announced the closing of a seed financing round led by Evolution Corporate Advisors and the expansion of its car leasing marketplace into a total of eight states.
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