Perhaps 2022 is just the year of the acquisition — from auctions to artificial intelligence software providers to dealerships. The latest move arrived on Tuesday, as Impel, a provider of digital automotive engagement software and data, announced that it is acquiring CarLabs.ai, a U.S.-based provider of conversational AI products for the automotive industry. Impel highlighted […] [Read More]

Two dealership service providers now are working together to help managers get their inventory to stand tall on the front line faster. Dealer Image Pro, a leader in professional photo, video, and interactive 360-degree software for dealerships, announced it has integrated its Photo Assistant and Autoport software with Rapid Recon’s reconditioning workflow software to improve […] [Read More]

Vroom said Friday it has added Fernwood Holdings CEO and managing director Timothy Crow to its board of directors. In addition to his time with that venture capital investment firm, Crow has held executive roles with The Home Depot and Kmart. “We are thrilled to announce the addition to our board of directors of Tim […] [Read More]

This week, insurance marketplace Polly announced a collaboration with Cox Automotive’s VinSolutions to create what the companies called a “powerful” set of solutions that can help marketing, sales, service and operations workflows stay in sync. This new collaboration will provide benefits for dealer customers of both Polly and VinSolutions, according to a news release. The […] [Read More]

The Presidio Group recently mentioned another segment of M&A activity is on the rise. Firm experts turned out to be good prognosticators, as CentralBDC, one of the nation’s leading privately owned outsourced business development centers (BDCs) for automotive dealerships, announced on Tuesday that it has acquired PowerBDC out of Stamford, Conn. According to a news […] [Read More]

TrueCar announced last week that it has added an accessories menu to its TrueCar+ online car buying platform, which is currently available in Florida. The company said more than 12,000 hardware parts are now available on the platform. “Accessories are another way of customizing the online vehicle purchase to each individual buyer, while offering additional […] [Read More]

Indiana Auto Auction has a new general manager, ServNet announced in its latest newsletter. Promoted to the role is Andrew Schaefer, who is the chief financial officer of the auction, which is part of the Stanley-Autenrieth Auction Group. Schaefer has been with Indiana Auto Auction for more than 25 years. "We are delighted to officially name […] [Read More]

The phone not ringing at your dealership likely is not a good sign for either your retail department or service drive. But having the phone ringing so much that your staff can’t keep up can be a challenge, too, so a quartet of service providers formed a pair of partnerships to help. First, WeGotYourCalls, a […] [Read More]

Work Truck Solutions has named a new CEO: Aaron Johnson. With this move, which is effective immediately, Kathryn Schifferle will transition from the role of CEO to that of chief vision officer. “Just a few years ago, we were very fortunate to bring on board one of our earliest advisors, Aaron Johnson, and he met […] [Read More]

Electric vehicles. They’ve dominated discussions in the auto industry as of late, and they are likely posted for growth in coming years. EV and all the moving parts they entail (charging infrastructure, battery health, range calculation, etc.) have been brought to the forefront, as the energy industry turns away from fossil fuels toward cleaner energy […] [Read More]