Technology
EvenFlow AI lands $1.5M seed funding to help put fixed ops inefficiency in rear-view mirror
Monday, Dec. 2, 2024, 12:58 PM
Auto Remarketing Staff
With a round of seed funding announced Monday, EvenFlow AI might be given to fly. The company, which provides artificial intelligence-powered tools to help dealership service departments increase capacity and optimize revenue, said in a release the $1.5 million round was led by Automotive Ventures and FM Capital. EvenFlow AI anticipates the funding will yield […] [Read More]
Fullpath-Oplogic integration aims to boost dealers’ customer targeting
Wednesday, Nov. 27, 2024, 09:09 AM
Auto Remarketing Staff
Automotive customer data platform and marketing automation engine Fullpath announced an integration with DealerBuilt’s Oplogic variable operations platform of CRM, desking, F&I menus, equity, telephony, fraud protection, and artificial intelligence tools. It is a partnership the companies say is designed to provide dealerships with seamless data connections and enhanced data consolidation to support more precise […] [Read More]
Reynolds joins with Skaivision, aiming for greater service department efficiency
Friday, Nov. 15, 2024, 12:05 PM
Auto Remarketing Staff
Reynolds and Reynolds has a vision. A Skaivision, to be precise. The dealership software provider announced a collaboration with Skaivision, creator of “smart space” computer vision artificial intelligence software for auto dealerships, that includes an investment in the company. In a news release, Reynolds said it sees the partnership as “a significant opportunity to help […] [Read More]
Navigating the inventory landscape: Why dealers are taking a new look at technology-driven acquisition strategies
Friday, Nov. 15, 2024, 09:54 AM
Brad Parker, DealNow.com
The automotive retail landscape has undergone significant change in recent years, with dealerships facing new challenges with their inventory acquisition strategies. The traditional methods of sourcing vehicles through trade-ins and wholesale auctions are no longer sufficient to meet the demands of today’s competitive market. Today’s inventory challenges require innovative solutions that leverage sophisticated, real-time technology. […] [Read More]
Black Book unveils Brand Value Index to gain better understanding of nameplate pricing dynamics
Thursday, Nov. 14, 2024, 01:00 AM
Auto Remarketing Staff
On Thursday, Black Book rolled out its newest solution for automotive clients to gain information and insight, introducing the Black Book Brand Value Index (BVI). Black Book highlighted BVI measures various aspects of a brand, including brand equity, market position and perception. The company said BVI can be used by automakers and portfolio risk managers […] [Read More]
Survey shows dealers buying in to AI
Wednesday, Nov. 13, 2024, 04:43 PM
Auto Remarketing Staff
Artificial intelligence is the hottest technology in business right now, and car dealers are ready to buy in. Literally. According to a survey commissioned by customer data platform Fullpath, 81% of dealerships expect to increase their budget for AI in 2025. The survey of 200 dealership senior decision-makers, conducted in August and September by Global […] [Read More]
EV charger availability, vehicle AI among hot topics at Automotive USA 2024
Monday, Nov. 11, 2024, 03:06 PM
Arlena Sawyers, Correspondent
Many electric vehicle skeptics are reluctant to consider the purchase of an EV until the availability of chargers is equivalent to that of gasoline stations.
But that 1-to-1 ratio of charger availability to gas stations mindset tends to disappear among actual EV owners who live in single-family homes because many EV owners typically use EV home chargers to charge their vehicles overnight.
That’s noteworthy because 53% of Americans ... [Read More]
Survey shows auto technicians depend on high-tech tools
Monday, Nov. 11, 2024, 02:24 PM
Auto Remarketing Staff
The tools of an automotive technician have evolved way beyond wrenches. A survey conducted by Anyline, a provider of artificial intelligence-powered data-capture software, found 70% of technicians said at least half of their daily tasks depend on some level of technology, and 68% feel comfortable using advanced digital diagnostic tools. In a news release, the […] [Read More]
Car Wars, Fullpath integrate to connect dealers with high-value customers
Wednesday, Nov. 6, 2024, 04:21 PM
Auto Remarketing Staff
Car Wars, a provider of artificial intelligence-powered phone call management and call analytics, has integrated with customer data platform Fullpath in a partnership designed to give dealerships the ability to identify and connect with high-value customers — specifically those with positive equity who have not yet received a phone call. The integration incorporates Fullpath’s CDP […] [Read More]
Lyft joins with 3 new partners to ‘build the autonomous future’
Wednesday, Nov. 6, 2024, 03:46 PM
Auto Remarketing Staff
Lyft has taken steps toward its plan to incorporate autonomous vehicles into its operations. Three of them, to be exact. The rideshare provider announced three partnerships designed to connect consumers with AV rides through the Lyft app in the near future. A partnership with Mobileye, a producer of self-driving technology and advanced driver assistance systems, […] [Read More]