FM Capital likes what’s developing with Impel, so last week the venture capital firm returned to increase its position in the company, which offers artificial-intelligence powered solutions for automotive retailing. According to a news release, FM Capital completed a follow-on, secondary share purchase six months after first investing in Impel. This follow-on investment makes Impel […] [Read More]

You can say Yotta Automated Software Solutions, Inc. (YASSI) passed the data-security test. The provider of real-time vehicle and title data infrastructure for the automotive, insurance, and lending industries on Tuesday announced the successful completion of its latest SOC 2 Type II certification with zero exceptions. The result came from an independent examination under standards […] [Read More]

Repairify and Opus IVS have completed the combination of their automotive diagnostics businesses. The merger, which was first announced in January, combines Repairify’s diagnostics brands asTech and BlueDriver with Opus IVS In a news release, the companies said, “the combined organization is positioned to further strengthen support for repair and collision shops, dealership collision shops […] [Read More]

Mobility Global Inc. — which includes such brands as CARFAX, automotiveMastermind, Polk Automotive Solutions and Market Scan — has completed its spinoff from S&P Global Inc. Shares of Mobility Global, now an independent, public company, began trading Wednesday on the New York Stock Exchange under the “MBGL” symbol. “For over 100 years, we have had […] [Read More]

If dealers have some free moments this Fourth of July weekend, perhaps they can spend some time with the new solutions the Standards for Technology in Automotive Retail (STAR) rolled out on Monday. The nonprofit organization whose members include dealers, OEMs, retail system providers, and automotive-related industry organizations announced the launch of the STAR Member […] [Read More]

Autonomy, the vehicle subscription company founded by Scott Painter, has a new CEO. Former Mercedes-Benz Fred Weick has been named chief executive, reporting to Painter, who will be lead director of the company’s board. Painter, who had been CEO of Autonomy, will continue as CEO of TrueCar. Weick’s background includes more than 30 years with […] [Read More]

TraXtion rolled out a tool on Thursday to help dealerships get more traction with their customers who might need new tires. The company highlighted TireSpec is an artificial intelligence-powered website and smartphone solution that works without the need for additional hardware. TireSpec can enable tire shoppers to transform a simple smartphone photo into an instant […] [Read More]

It’s always helpful to have another “eye” on a used vehicle during an appraisal. Or in CARFAX’s case, a “UVeye.” The two companies announced an integration this week that brings together UVeye’s automated drive-through vehicle inspection platform and CARFAX’s service history data, giving retailers trusted vehicle service history data in their service workflow. Dealers will […] [Read More]

There are some times when repetitions can be valuable, like refining your golf swing or learning another language. But Cox Automotive recognized that repetition at the dealership sometimes can be burdensome for managers and salespeople. So, on Thursday, the company launched Cox Automotive Navigator. It’s a browser extension designed to connect dealership workflows across Cox […] [Read More]

The phrase “just send me a text” is commonplace during conversations nowadays, but the latest industry survey orchestrated by Vehicle Management Systems (VMS) showed that’s perhaps not the best option for top efficiency in fleet management. Through that survey, the vehicle middleware platform serving both fleet and auto retail environments learned fleet operators continue to […] [Read More]