Trending Auto Retail News
Dave Cantin Group Launches Board of Advisors with Tekion Exec George Kang
The Dave Cantin Group (DCG), a leading mergers and acquisitions advisory company to retail automotive groups and their owners, has named Tekion executive George Kang as the first member of its newly launched advisory board of automotive experts. DCG is assembling an...
CallRevu Becomes the Automotive Industry’s Exclusive Pam Partner to Bring Next-Gen, Voice AI BDC Support Solutions, Transforming Customer Service for Dealerships
CallRevu, the industry leader in automotive communication solutions, is proud to announce an exciting partnership with Pam, an innovative human-level, voice AI-powered receptionist and Business Development Center (BDC) support tool. This collaboration is set to...
Tier-One Supplier KONEC to Distribute Foresight’s Technology and Products with Revenues up to $7 Million in South Korea
Foresight Autonomous Holdings Ltd., an innovator in 3D perception systems, announced the signing of a commercial cooperation agreement with KONEC Co. Ltd. (“KONEC”), a leading South Korean Tier-One automotive supplier, to bring to market advanced 3D perception...
Team Velocity Announces Latest Breakthrough Technology with Automated Deal Alerts and Customer Scoring
In a new major enhancement to the Apollo Customer Experience Platform (CXP), dealers partnering with Team Velocity can now unlock the power of automated customer scoring and real-time alerts with Deal Alerts. As customers engage throughout their journey, Apollo's...
AI Steering Through Change: How Dealerships Can Keep Up with Car Buyers
The car buying landscape is continually evolving, driven by changing consumer behaviors and technological advancements. Understanding these shifts allows dealerships to improve their ability to meet and anticipate customer preferences, enhancing their service and...
TruVideo Secures $40 Million Growth Investment from TZP Growth Equity
TruVideo, the leader in AI (“Artificial Intelligence”) and AR (“Augmented Reality”) driven communication technology for the transportation industry announced that it has secured a $40 million minority growth investment from TZP Growth Equity. This strategic investment...
NADA Vows to Fight Honda Sony “Misguided” EV Direct-Sales Attempt
As another auto manufacture plans to sell their electric vehicles in a direct to consumer model, the National Automobile Dealers Association (NADA) plan to challenge any attempts to bypass franchised dealers. At the CES 2025 Expo earlier this month, the joint venture...
Lotlinx Highlights Challenges in AI, Predictive Data Adoption Among Auto Dealers
Auto retailers are facing substantial challenges in adopting artificial intelligence (AI) and predictive data technologies, underscoring a critical gap in the industry’s ability to effectively utilize advanced technologies that could enhance operational efficiency and...
RTI Announces DDS Adoption into All AUTOSAR Packages and Platforms
Real-Time Innovations (RTI), the infrastructure software company for smart-world systems, announces that the Data Distribution Service (DDS) standard is now included in the AUTOSAR Foundation Package—a set of shared standards supporting both Classic and Adaptive...
NXP Offers New BMS Solution for EVs
NXP Semiconductors new wireless battery management system (BMS) solution with Ultra-Wideband (UWB) capabilities helps solve complex manufacturing processes The product is projected to accelerate the adoption of electric vehicles NXP Semiconductors N.V. has unveiled an...
KBB Reports Average New-Vehicle Prices Continues to Climb Higher
For the fourth consecutive month, new-vehicle prices climbed higher in December 2024, just falling short of all-time high mark in December 2022. Kelley Blue Book reported on Jan. 15 that the average transaction prices (ATPs) for new-vehicles were $49,740, an increase...
Valvoline Inc. to Refranchise 38 Company Stores; Welcomes New Franchise Partner Velocity Auto Care
Valvoline Inc., the quick, easy, trusted leader in preventive automotive maintenance, announces it intends to refranchise 38 existing Valvoline Instant Oil Change service centers to a new franchisee, Velocity Auto Care. The service centers are located in Austin, San...
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