CarGurus is now publicly traded company

Joe Overby, Senior Editor

CarGurus is now officially a publicly traded company. The online automotive marketplace announced pricing on an initial public offering of 9.4 million shares of its Class A common stock on Wednesday ($16.00 per share before underwriting discounts), and then on Thursday, the shares began trading on the Nasdaq Global Select... Read More

AuSM Staff

Fastlane announced it has chosen Market Scan to be the company’s financial data supplier. Market Scan will provide the company with both real-time payment and rebate information tracked from car manufacturers, banks and credit unions. Fastlane offers dealers both an Amazon-like checkout process and a customized... Read More

AuSM Staff

Car Keys Express announced Wednesday that the company is extending its service by offering consumers on-site, instant automotive key replacement via an Uber-inspired webpage where users can choose from one of three service levels. The levels of service include the following three options: Priority— receive... Read More

Carvana expands into Albuquerque

AuSM Staff

Albuquerque is Carvana’s latest new market, the company announced Wednesday. Residents within 100 miles of the Albuquerque metro area can now shop the company’s around 7,000 vehicles online and get their car delivered, free as soon as the next day. “As the largest metro area in the state,... Read More

AutoWeb finalizes license agreement with DealerX

AuSM Staff

A day after officially changing its name, dealership lead provider AutoWeb — formerly Autobytel —  on Tuesday entered into a license agreement with DealerX Partners,a provider of data-driven marketing products for car dealerships and OEMs. Under the terms of the agreement, AutoWeb will receive a... Read More

Will consumers buy a used Tesla Model 3?

Joe Overby, Senior Editor

Tesla has ramped up its used-car sales this year, and based on discussion in its latest quarterly earning filing with the Securities and Exchange Commission, it is expected to continue emphasizing this area of its business. But are consumers ready to go used with these electric vehicles? That’s a tough... Read More

AuSM Staff

RMS Automotive announced Tuesday it has redesigned the dealer web portal of its partner and client PSA Groupe to optimize the platform's customer experience and help dealers conveniently access stock. The French car manufacturer's dealer portal MOVE was launched in 2012 and has since sold more than 600,000... Read More

AuSM Staff

Selly Automotive announced Wednesday it has integrated its CRM platform with the Wayne Reaves Software DMS to enable sales and inventory data to sync for the company's dealers. “For dealerships looking for a CRM solution, we are happy to announce this partnership to assist dealerships and their teams in... Read More

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