Tag: car sales
Vroom reaches deal to purchase this financing company for $300M...
Welcome to another edition of The Friday 5 with Steve Greenfield, Founder and CEO of Automotive Ventures, an auto technology advisory firm that helps entrepreneurs raise money and maximize the value of their companies. RoboTire First up this week, RoboTire has raised a $7.5 million dollar Series A round led by The Reinalt-Thomas Corporation, the […]
Which automaker announced IPO plans? How much is Tekion actually...
Welcome to another edition of The Friday 5 with Steve Greenfield, Founder and CEO of Automotive Ventures, an auto technology advisory firm that helps entrepreneurs raise money and maximize the value of their companies. Tekion First up this week is a huge deal in the dealer software space, as Tekion, a cloud-based automotive software provider, […]
Toyota makes bold move toward ‘programmable cars’ and GM invests...
Welcome to another edition of The Friday 5 with Steve Greenfield, Founder and CEO of Automotive Ventures, an auto technology advisory firm that helps entrepreneurs raise money and maximize the value of their companies. Aucto First up this week is one of last month’s Companies to Watch, and one of our AutoTech’s Got Talent contestants […]
Cost of chip shortage expected to double, but Musk sees...
In May 2021, AlixPartners predicted that the chip shortage plaguing the auto industry since the middle of the pandemic would end up costing the auto industry $110 billion US in lost revenue through the year, a figure that inflated from an initial $60.6 billion predicted in January. The global consulting firm has updated their estimated […]
Salty Dot gets acquired by this auto dealership solutions company...
Welcome to another edition of The Friday 5 with Steve Greenfield, Founder and CEO of Automotive Ventures, an auto technology advisory firm that helps entrepreneurs raise money and maximize the value of their companies. CDK Global & Salty Dot First up this week, big news from CDK Global, as they have entered into a definitive […]
Sonic Automotive adds $3.2 billion in annualized revenues with acquisition of...
CHARLOTTE, N.C., Sept. 22, 2021 – Sonic Automotive, Inc. (“Sonic Automotive” or “Sonic” or the “Company”) (NYSE:SAH), a Fortune 500 Company and one of the nation’s largest automotive retailers,...
Any salesperson can climb the ranks of a car dealership—Here’s...
On the latest episode of Straight to the Point, host Frank J. Lopes sits down with the General Manager of CMA’s Colonial Chevrolet in Richmond, Virginia, Shawn Hays. Lopes gets straight to the point and asks Hays, can any salesperson advance and climb the ranks from the sales floor to become a part-owner of a dealership? […]
AutoNation Appoints Michael “Mike” Manley Chief Executive Officer and Director
FORT LAUDERDALE, Fla., Sept. 21, 2021 – AutoNation, Inc. (NYSE: AN), America's largest and most admired automotive retailer, today announced that it has appointed Mike Manley as Chief...
Which AV software startup scored an investment from GM? AutoVerify...
Welcome to another edition of The Friday 5 with Steve Greenfield, Founder and CEO of Automotive Ventures, an auto technology advisory firm that helps entrepreneurs raise money and maximize the value of their companies. AutoVerify First up, in the dealership software space this week, AutoVerify acquired AIM Experts, an advanced inventory merchandising solution provider, to […]
Digital marketing methods for today’s car dealership
What's working for you in digital marketing today and what needs to be revamped? As more consumers make purchases online, it is critical for...
