The wave of mergers and acquisitions in multiple parts of automotive continued this week. AutoAlert, a provider of data analytics solutions, announced that it has been acquired by certain funds and accounts managed by BlackRock. Through a news release, Phil Tseng, managing director and co-head of US Private Capital, BlackRock Alternatives, explained why the firm […] [Read More]

J.D. Power has teamed up with connected vehicle analytics and infrastructure company Motorq to provide insights to the auto industry based on connected vehicle data. And this partnership kicks off with used electric vehicles — specifically, data to measure EV battery health. J.D. Power vice president and head of connected vehicles Dave Sargent joins the […] [Read More]

Dealers now have more ways to converse with potential vehicle buyers who prefer online interaction before potentially walking through the showroom doors. Cox Automotive recently announced that it has unlocked more ActivEngage messaging capabilities across several retailing brands and solutions including Autotrader, Accelerate My Deal, Dealer.com and Kelley Blue Book. According to a news release, […] [Read More]

Artificial intelligence is often bandied about in places such as auto financing. Last week, AutoRevo brought AI to the marketing part of auto retailing. The software provider launched AI Vehicle Description Builder, what AutoRevo sees as an innovative solution that can address the challenges dealerships face in creating engaging, accurate and consistent vehicle descriptions for […] [Read More]

Automotive Ventures said Thursday it is closing its new DealerFund to new investors at the end of the month. The automotive technology and mobility venture capital firm announced the launch of the DealerFund in March 2022 as a means to help dealers “navigate through the next decade of unprecedented change, invest into and participate financially […] [Read More]

Black Widow Imaging has new ownership and has restructured under new management. The company, which specializes in high-quality automotive imaging, was purchased late last year in an auction in Missouri bankruptcy court by an angel investor group led by Missouri dealer Matt Croak, a spokesperson for the company told Auto Remarketing via email. The angel […] [Read More]

J.D. Power said Wednesday it is collaborating with connected vehicle analytics and infrastructure company Motorq to provide insights to the auto industry based on connected vehicle data. And this partnership kicks off with used electric vehicles — specifically, data to measure EV battery health. The companies will utilize data from actual vehicles and work with […] [Read More]

Solera wants repair shops and technicians to have as much technology in their toolboxes as what’s contained within the vehicles they’re fixing nowadays. The vehicle lifecycle management tools provider recently introduced a new comprehensive repair shop management solution — Identifix Shop Manager — to help repair shops modernize and optimize operations. Solera highlighted Identifix Shop […] [Read More]

On Thursday, TruVideo introduced artificial intelligence into its suite of tools specifically designed to meet the unique needs of dealerships and OEMs. Building on the foundation of a successful sentiment analysis, TruVideo said it has leveraged the best elements of various AI models to deliver “cutting-edge solutions and unparalleled customer experiences.” The features in TruVideo’s […] [Read More]

A new platform designed to help take care of the many moving pieces involved in an online used-car sale is set to launch Wednesday. And in addition to announcing its debut, Caramel — a used-car checkout platform that aims to make online sales easier for private parties and independent dealers — said it has secured […] [Read More]