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April 26, 2018 - Industry News

ProMax Sold to Private Equity Firm

SNH Capital Partners revealed today it has acquired ProMax for an undisclosed amount, a transaction the automotive software provider's founder hinted at in a social media post two weeks ago.

Tags: auto finance, CRM, desking, F&I menu, inventory management, ProMax Unlimited, SNH Capital Partners, special finance

March 13, 2018 - Industry News

DealersLink to Unveil Vehicle Pricing Tool at NADA

The new tool lets users know who their new-car competitors are and features in-depth descriptions, rebate and incentive management, automated updates, and supply-and-demand insights.

Tags: digital marketing, inventory management, inventory merchandising, Pricing

October 17, 2017 - Industry News

vAuto Founder Dale Pollak Publishes Fourth Book For Retail Automotive

‘Like I See It’ has already achieved best-seller status based on preorder sales. The book devotes chapters to margin compression, increased OEM control and financial reliance of their dealer partners, technology disruption and consumer preferences for digital retailing.

Tags: Customer Experience, Dale Pollak, digital retailing, inventory management, online F&I

April 12, 2017 - Industry News

TradeRev Adds New Features to Online Auction

The startup added a title concierge service to help dealers secure titles on vehicles purchased through its automotive exchange. The firm also added an account lookup feature so users can track all money movement between sellers and buyers.

Tags: inventory management, online auction, TradeRev

February 16, 2017 - Industry News

Used-Vehicle Market Bracing for Off-Lease Tidal Wave

While low interest rates and consistent values are making it possible for the market to absorb the wave of newer, more expensive off-lease vehicles, demand for older, less expensive vehicles hasn't waned. But with fewer older vehicles available, sellers will be at a disadvantage, Edmunds said this week.

Tags: Edmunds, inventory management, Off-Lease Vehicles, used-vehicle values

April 26, 2016 - Industry News

RoadVantage Rolls Out GPS Anti-Theft System

RoadVantage's newest product bundles GPS tracking with vehicle theft protection. Dealers can use it to keep track of and protect their inventory, while consumers can take advantage of a host of family safety features.

Tags: Anti-Theft, GPS Tracking, inventory management, RoadVantage

September 30, 2015 - Industry News

Cox Must Divest Dealertrack's Inventory Management Solution, DOJ Says

The Department of Justice filed a civil antitrust lawsuit this week to block Cox Automotive’s acquisition of Dealertrack. The regulator said Cox must divest Dealertrack’s inventory management solution business in order to move forward with the transaction.

Tags: antitrust, Cox Automotive, DealerSocket, Dealertrack, Department of Justice, inventory management, monopoly

September 22, 2015 - Industry News

Manheim Names Senior VP of Inventory Services

Manheim has appointed Grace Huang as senior vice president of inventory services. In this newly-created role, Huang will focus on the operational, revenue-generating organizations within the business and for product management.

Tags: Cox Automotive, hiring, inventory management, Manheim

August 20, 2015 - Industry News

DealerSocket to Acquire Dealertrack’s Inventory Solution

DealerSocket and Dealertrack have entered into a definitive agreement under which DealerSocket will acquire Dealertrack’s Inventory+ business for approximately $55 million in an all-cash transaction.

Tags: Acquisition, Cox Automotive, DealerSocket, Dealertrack, inventory management

June 2, 2015 - Industry News

AutoAp Launches Recall Management Service

AutoAp’s new service, Dealer Recall Management, provides dealers with daily recall updates for new and used vehicle inventory.

Tags: inventory management, Recall, vehicle recall

February 26, 2015 - Industry News

Dealertrack Introduces New Inventory Management Mobile App

Dealertrack has introduced its new Inventory+ Mobile app, a comprehensive inventory management solution. The app replaces Dealertrack’s existing TrueTarget Mobile app.

Tags: Dealertrack, inventory management, Mobile Applications

October 29, 2014 - Industry News

Braman Motorcars Implements LoJack Inventory Management

The South Florida dealer group has deployed LoJack’s inventory management system, which officials said will help deliver an accurate location of vehicle inventory across multiple lots.

Tags: inventory management, LoJack

June 24, 2014 - Industry News

Dealertrack Expands Inventory Management Solution

Dealertrack Technologies’ all-new Inventory+ offers a vehicle trade-in quote module designed to help dealers win more trade-ins and convert more leads into sales. The tool also offers a fully integrated transportation tool.

Tags: Dealertrack, inventory management, trade-in value

December 10, 2013 - Industry News

GrooveCar Direct Partners With Credit Unions

GrooveCar Direct has partnered with MIDFLORIDA Credit Union and Tuscaloosa Teachers Credit Union. The two credit unions will take advantage of the buying resource's suite of products to grow auto originations.

Tags: Auto Loans, credit unions, inventory management, Partnership

August 28, 2012 - Industry News

HookLogic, PureCars Team Up on Online Trade-In Appraisal Tool

The new tool is designed to allow car shoppers to get an online appraisal of their trade-in, then offers incentives to to bring their vehicle to the dealership for a full appraisal.

Tags: HookLogic, inventory management, PureCars, Trade-In Appraisal, used-vehicle sales, used-vehicle values

August 2, 2012 - Industry News

DealerTrack Endorsed by Virginia Dealer Group

The software company’s sales, F&I, inventory management and electronic vehicle registration solutions are now being endorsed by the Virginia Automobile Dealers Association.

Tags: Dealertrack, Donald L. Hall, F&I, inventory management, Mark O'Neil, Virginia Automobile Dealers Association

March 29, 2012 - Industry News

CP Handheld Tests Self-Reporting Inventory Tool

Executives from CP Handheld have announced that VIN Query, a new tool designed to offer remote reconciliation for dealership inventories, has entered its testing phase and should be available by September.

Tags: CP Handheld, inventory management, NADA Convention and Expo, VIN

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