It’s been an interesting week with new announcements coming out on partnerships and product launches for remarketers. Here’s the latest……..
- NewCarIQ and RedBumper solutions acquired: CDK Global, Inc., to offer dealers an integrated new and used car inventory management solution. NewCarIQ brings a tool for dealers to stock the best new vehicles and manage OEM incentives, and RedBumper provides a used vehicle inventory management solution. Both companies were acquired from Pearl Technology Holdings, LLC – an automotive technology incubator. Dealers can inventory vehicle appraisals, pricing and syndication to websites, incentive stacking, analytics, stocking recommendations, competitor market comparisons, reporting, enterprise management, group trade, formula pricing, stair-step pricing and much more from one platform. “CDK is focused on providing a seamless easy-to-use experience for all of our dealer clients,” said Malcolm Thorne, chief global strategy officer at CDK Global. ”
- WelcomePoint tool for service departments: for dealers, called WelcomePoint. The new product is aimed at enhancing the greeting and write-up process, and other facets for improving the vehicle service experience. WelcomePoint has been designed by AutoPoint to personalize the service process through customer engagement. It also helps dealers to use the service drive space to jumpstart the inspection process and proactively suggest service recommendations.
- ReverseRisk acquired: ReverseRisk, a web-based analytics reporting platform for dealers. ReverseRisk delivers critical business information and analytics to dealers, providing detailed insights into dealership performance and operating results. ReverseRisk delivers “smarter, faster, better – that can lead to improved operating results and dealership performance,” said Robert Burnett, senior vice president for Business Development and Acquisitions at Reynolds.
- Stockwave: As reported earlier this month, , what it calls a “game-changing innovation that seeks to transform the way dealers source and purchase auction vehicles.” Dale Pollak, vAuto founder, describes it as a tool for dealers that gives dealers ease, efficiency, and insight as they source auction vehicles. Stockwave gathers data to show vehicle segments where dealers should acquire more inventory or reduce current units in stock. The next step in the process provides direct integrations with leading auctions across the country. Stockwave automatically shows the wholesale vehicles that fit a dealer’s used vehicle portfolio strategy, and meet the dealer’s purchase preferences.