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AutoNation sells remaining ..Friday 5

Toyota makes bold move toward ‘programmable cars’ and GM invests...

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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 […]
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chip shortage

Cost of chip shortage expected to double, but Musk sees...

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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 […]
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AutoNation sells remaining ..Friday 5

Salty Dot gets acquired by this auto dealership solutions company...

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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 […]
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Sonic Automotive

Sonic Automotive adds $3.2 billion in annualized revenues with acquisition of...

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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,...
Roger Love

Any salesperson can climb the ranks of a car dealership—Here’s...

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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? […]
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AutoNation Appoints Michael “Mike” Manley Chief Executive Officer and Director

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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...
AutoNation sells remaining ..Friday 5

Which AV software startup scored an investment from GM? AutoVerify...

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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 […]
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digital marketing

Digital marketing methods for today’s car dealership

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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...
AutoNation sells remaining ..Friday 5

JP Morgan enters alliance with this automaker and which digital...

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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. Big news this week in the digital retailing space. CarNow CarNow has raised $30 million dollars from Battery Ventures. That follows […]
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AutoNation sells remaining ..Friday 5

Rivian files for IPO and Goldman Sachs expands automotive portfolio...

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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. I had a chance to moderate a panel on electric vehicles at the International Automotive Remarketers Alliance conference last week in […]
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