Spyne is already thinking about 2027 when it comes to artificial intelligence used at dealerships. According to Spyne’s latest Auto Retail Intelligence Quarterly report, experts projected a “pivotal shift” in AI use next year, saying “those that embed AI within connected systems linking customers, vehicles, and deals will outpace dealerships relying on isolated AI tools. […] [Read More]

Nine months after launching in October, Lokam.ai said it is growing 45% month-over-month with zero customer churn. And charged with sustaining that momentum is industry veteran Jason Kozak, who was hired on Thursday as sales director for the voice-first artificial intelligence platform designed help car dealerships with sales and service follow-up. The momentum also follows […] [Read More]

Morgan Stanley Expansion Capital has acquired a majority stake in Conversica after leading a major recapitalization of the company, which is an artificial intelligence platform for auto retail. Conversica’s management team has retained a “significant ownership position” and will continue to lead the business. In addition to the recapitalization, Conversica announced Monday that it has […] [Read More]

Add DAS Technology to the list of service providers that have revamped their offerings in part because of a crackdown on vehicle pricing orchestrated by the Federal Trade Commission. The company on Thursday highlighted a segment of the newly launched Dealer Digital Intelligence (DDI) — the next evolution of its Dealer Digital Evaluation (DDE) platform […] [Read More]

Soon after successful completion of its latest SOC 2 Type II certification with zero exceptions, Yotta Automated Software Solutions, Inc. (YASSI) announced on Thursday the availability of its Easy-Connect API platform. The move gives enterprise organizations across lending, insurance, automotive retail, fleet operations, and government a single integration for trusted, real-time vehicle intelligence. Purpose-built for […] [Read More]

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]