Dealership management system

Upstart Expands AI-Powered Vehicle Financing Nationwide

Retrieved on: 
Wednesday, January 31, 2024

Upstart (NASDAQ: UPST), the leading AI lending marketplace, today announced it will expand its auto retail financing capability nationwide to reach 90% of consumers in the U.S. by the end of the first quarter 2024, up from 70% in the third quarter last year.1

Key Points: 
  • Upstart (NASDAQ: UPST), the leading AI lending marketplace, today announced it will expand its auto retail financing capability nationwide to reach 90% of consumers in the U.S. by the end of the first quarter 2024, up from 70% in the third quarter last year.1
    With interest rates at 20-year highs, consumers are struggling to find financing options that allow them to purchase a car affordably.
  • “Upstart’s easy application process and rapid borrower approvals have strengthened our ability to deliver the excellent experience we’re known for.”
    Integrated financing is just one part of Upstart’s auto retail platform.
  • More than 700 dealers across the U.S. are already harnessing these enhanced auto retail features to connect with customers, save time, and close sales.
  • To learn more about Upstart’s auto retail platform, watch this video .

STELLA AUTOMOTIVE AI COLLABORATES WITH MICROSOFT TO ADVANCE AUTOMOTIVE RETAIL WITH GENERATIVE AI-POWERED TECHNOLOGY

Retrieved on: 
Thursday, February 1, 2024

TAMPA, Fla., Feb. 1, 2024 /PRNewswire/ -- STELLATM Automotive AI today announced its collaboration with Microsoft to deliver a next-generation automotive retail customer experience that combines STELLA's extensive language-driven automotive technology portfolio with  Microsoft Azure AI Services.

Key Points: 
  • TAMPA, Fla., Feb. 1, 2024 /PRNewswire/ -- STELLATM Automotive AI today announced its collaboration with Microsoft to deliver a next-generation automotive retail customer experience that combines STELLA's extensive language-driven automotive technology portfolio with  Microsoft Azure AI Services.
  • "Today STELLA creates unmatched efficiency delivering front line conversational technology in the dealer environment," says Rich Sands, STELLA Automotive AI's CEO.
  • By re-platforming on Azure, STELLA will be able to integrate with Microsoft Azure advanced AI capabilities to improve its digital voice assistant.
  • The collaboration enables automotive OEMs and their customers to create a holistic user experience through seamless integrations using conversational AI.

Pinewood Asia Pacific takes next legal step against Pendragon subsidiary

Retrieved on: 
Thursday, February 1, 2024

LONDON, Feb. 1, 2024 /PRNewswire/ -- Pinewood Asia Pacific (PWAP), an Asian-based technology supplier, has taken legal action in the US, in relation to their ongoing dispute with Pinewood Technologies PLC (PWUK) being heard in the UK.

Key Points: 
  • LONDON, Feb. 1, 2024 /PRNewswire/ -- Pinewood Asia Pacific (PWAP), an Asian-based technology supplier, has taken legal action in the US, in relation to their ongoing dispute with Pinewood Technologies PLC (PWUK) being heard in the UK.
  • PWAP alleges contract breaches by Pendragon subsidiary PWUK  in their reseller agreement, resulting in PWAP being unable to fulfil contracts it had devoted time and resources into building.
  • All Documents relating to the sales, distribution, and/or actual or planned expansion of PWUK's Dealer Management System ("DMS") in the Asia Pacific region.
  • Pinewood Asia Pacific Director Josephine Lee said, "We believe crucial evidence and information will be obtained during this process that will assist in proving our case and the actions of Pinewood Technologies UK (and the extent to which Pendragon was aware of, or complicit in, those actions).

DealerOn Transforms Automotive Website Personalization with New Signals Product and Partners with fullthrottle.ai to release Signals Experience Cloud (SXC) at NADA 2024

Retrieved on: 
Thursday, February 1, 2024

ROCKVILLE, Md. and MALVERN, Pa., Feb. 1, 2024 /PRNewswire/ -- DealerOn Inc. has unveiled its new Signals platform, a game-changer in automotive website personalization. This cutting-edge, open ecosystem harnesses a diverse range of a dealer's own data sources, including browsing behavior from Google Analytics (GA4) data, third-party customer data platforms, digital advertising, and email marketing interactions, to deliver unparalleled personalization for every visitor.

Key Points: 
  • Signals and SXC transform Automotive Website Personalization by enhancing the user experience and increasing marketing efficiency and ROI for dealerships.
  • and MALVERN, Pa., Feb. 1, 2024 /PRNewswire/ -- DealerOn Inc. has unveiled its new Signals platform, a game-changer in automotive website personalization.
  • For dealerships looking to turbocharge the solution, DealerOn presents Signals Experience Cloud (SXC) powered by fullthrottle.ai.
  • DealerOn & fullthrottle.ai will be showcasing these offerings at booths 4313W (DealerOn) and 4921W (fullthrottle.ai) at the NADA 2024 show in Las Vegas.

TruVideo Partners with Karmak to Build Transparency and Ease Across Commercial Trucking

Retrieved on: 
Monday, January 29, 2024

When a repair order is opened in the service department, it will now automatically open a repair order in TruVideo, linking the repair order and minimizing double entries.

Key Points: 
  • When a repair order is opened in the service department, it will now automatically open a repair order in TruVideo, linking the repair order and minimizing double entries.
  • "In the service lane, trust and transparency are key markers to building customer retention.
  • Working with the team at TruVideo on the pilot to integrate into our Karmak accounting system was effortless.
  • For more information on TruVideo and its powerful AI-based solutions, please visit https://truvideo.com/ai/

Getac Partners with Authenticom to Accelerate Automotive Aftersales Integration of Getac's Aftersales Platform and Authenticom's DealerVault

Retrieved on: 
Thursday, November 16, 2023

Getac's artificial intelligence (AI) algorithms enable dealers to take data from a multitude of sources to make informed decisions.

Key Points: 
  • Getac's artificial intelligence (AI) algorithms enable dealers to take data from a multitude of sources to make informed decisions.
  • "We are pleased to welcome Getac into our network of partners on our DealerVault platform," said Michelle Phelps, Director of Sales at Authenticom.
  • We are very pleased to be the 'business behind the business' to help our partners in automotive provide world-class solutions to thousands of dealers in North America and Canada."
  • This provides complete transparency and control of field-level detail of vendor feeds and ultimately increases data security, visibility and reduces data integration costs.

Whillet Collaborates with Visa to Introduce Carment: A Next-Level Instant Payment Platform for the U.S. Used Car Market

Retrieved on: 
Tuesday, November 7, 2023

Whillet, an embedded finance startup, is excited to announce its collaboration with Visa, a world leader in digital payments, to roll out the Carment Instant Payment Platform in the U.S., enabled by Visa Direct.

Key Points: 
  • Whillet, an embedded finance startup, is excited to announce its collaboration with Visa, a world leader in digital payments, to roll out the Carment Instant Payment Platform in the U.S., enabled by Visa Direct.
  • Whillet’s Carment Instant Payment Platform uses Visa Direct’s real-time[1] payment capabilities and is designed to help make used car sales secure and flexible, ensuring sellers receive funds swiftly after a transaction through an eligible card.
  • Through this collaboration, Whillet will offer solutions to improve payment processes procedures in the used car market.
  • “Carment Instant Payment Platform, enabled by Visa Direct, aims to provide a seamless and efficient payment experience in the annual used car market with 35.7 million sales.

Fidus Investment Corporation Announces Third Quarter 2023 Financial Results

Retrieved on: 
Thursday, November 2, 2023

EVANSTON, Ill., Nov. 02, 2023 (GLOBE NEWSWIRE) -- Fidus Investment Corporation (NASDAQ:FDUS) (“Fidus” or the “Company”), a provider of customized debt and equity financing solutions, primarily to lower middle-market companies based in the United States, today announced its financial results for the third quarter ended September 30, 2023.

Key Points: 
  • Our total portfolio investments at fair value were approximately 103.5% of the related cost basis as of September 30, 2023.
  • Third quarter 2023 investment activity included the following new portfolio company investments:
    Dealerbuilt Acquisition, LLC, a leading provider of Dealer Management System (DMS) software for auto dealerships.
  • Management will host a conference call to discuss the operating and financial results at 9:00am ET on Friday, November 3, 2023.
  • Please ask to be joined into the Fidus Investment Corporation call.

Kudelski IoT Solves Misplaced Car Key Woes for Consumers and Dealerships with Launch of 'RecovR for Keys'

Retrieved on: 
Thursday, October 26, 2023

This innovative key tag promises to revolutionize vehicle key management for dealerships and consumers alike.

Key Points: 
  • This innovative key tag promises to revolutionize vehicle key management for dealerships and consumers alike.
  • RecovR for vehicles will be deployed at nearly 900 dealership locations across the U.S. and Canada by year end.
  • For consumers, RecovR for Keys ensures they get to take a test drives at dealerships faster because it reduces the wait times associated with misplaced and lost keys.
  • If keys can’t be found, RecovR eliminates replacement costs by providing a free key replacement and roadside assistance program.

Motive Integrator Exchange (MIX) Joins Tekion's Automotive Partner Cloud

Retrieved on: 
Monday, September 25, 2023

Motive Retail, a leading provider of integration solutions for the automotive retail industry, is pleased to announce that Motive Integrator Exchange (MIX) has joined Tekion's Automotive Partner Cloud.

Key Points: 
  • Motive Retail, a leading provider of integration solutions for the automotive retail industry, is pleased to announce that Motive Integrator Exchange (MIX) has joined Tekion's Automotive Partner Cloud.
  • Tekion's cutting-edge Automotive Partner Cloud and their promise to an open integration program serves as an excellent platform for Motive Retail to pursue its mission of making the automotive retail technology sector more interoperable.
  • Motive Retail is delighted to be a part of the Tekion Automotive Cloud Partner Program and looks forward to revolutionizing the automotive retail technology landscape in collaboration with an industry-leading partner like Tekion.
  • Positively disrupting an industry that has not seen disruption in over 50 years, Tekion has challenged the paradigm with the first and fastest cloud-native automotive platform that includes the revolutionary Automotive Retail Cloud (ARC) for retailers, Automotive Enterprise Cloud (AEC) for manufacturers and other large automotive enterprises and Automotive Partner Cloud (APC) for technology and industry partners.