AutoIMS Appoints Operating Officer
AutoIMS (Auto Auction Services Corp.) announced the promotion of Venkat Krishnamoorthy to chief operating officer. Venkat most recently served as chief information officer, managing development, support and updates to AutoIMS. In his new role, Venkat will continue as a member of the strategy team, oversee all facets of the technology team, and add contract management and compliance to his responsibilities. Venkat joined AASC in 2002 as Java Team Lead after 5 years at Delta Airlines in its revenue optimization group. Venkat serves as co-chair of the technology committee for the International Automotive Remarketers Alliance.
Cars.com Brings in Tronc Affiliate Markets
Cars.com Inc. and media company Tronc, Inc. announced an agreement to convert Tronc’s eight affiliate markets into Cars.com’s direct retail channel, effective Feb. 1.The converting markets include Los Angeles and Chicago, the nation’s second and third largest markets for new vehicle sales in 2017, according to Cars.com’s data, which is aligned with Nielsen’s household DMA statistics. More than 2,000 dealer customers will convert from Tronc’s affiliate network into Cars.com’s direct sales channel.Upon conversion, Tronc’s sales and support teams will also join Cars.com, facilitating an accelerated and seamless transition of the markets and the opportunity for Cars.com to directly offer its full suite of digital solutions for the benefit of dealer customers.The agreement also includes a multi-year advertising and marketing agreement between Cars.com and Tronc. With the conversion of Tronc, the following key markets will be incorporated into Cars.com’s direct retail channel: Los Angeles; Chicago; Fort Lauderdale; Orlando; Baltimore; Newport, Va.; Hartford, Conn.; and Allentown, Penn.
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Cars.com Announces ‘Best of’ Awards
Cars.com has announced the winners of its annual ‘Best Of’ Awards. The awards by both automakers and car shoppers include six different categories: Eco-Friendly Car of the Year, Family Car of the Year, Luxury Car of the Year, Most Fun-to-Drive Car of the Year and the site’s highest honors, Best Pickup Truck of 2018 and Best of 2018. The 2018 Best of Awards mark the eighth year of the awards program. The highest honor, Best of 2018, went to the all-new 2018 Volkswagen Atlas. “Volkswagen found a winning formula with its 2018 Atlas,” said Jennifer Newman, Cars.com’s editor-in-chief. “The three-row SUV does what few can: comfortably haul seven adults and plenty of cargo. And despite its large size, this SUV’s driving dynamics are nimbler than expected. The 2018 Volkswagen Atlas delivers on its promise of utility without any compromises.”Winners in each category, as determined by Cars.com’s panel of vehicle and industry experts, are (all model-year 2018):Best of 2018: Volkswagen AtlasBest Pickup Truck of 2018: Chevrolet Colorado ZR2Eco-Friendly Car of the Year: Chevrolet Bolt EV Family Car of the Year: Chrysler PacificaLuxury Car of the Year: Audi A4Most Fun-to-Drive Car of the Year: Volkswagen Golf GTI“From an off-road pickup truck to a luxury sedan, and even a family hauler, this year’s crop of award winners truly represents the best of the best across an array of segments, shopper needs and lifestyle types,” Newman said.Winners were announced at Cars.com’s 2018 Best of Awards Show, an annual event during the North American International Auto Show in Detroit. Cars.com experts consider three key criteria for every car tested: quality, innovation and value; for pickup trucks, the criteria are power, capability and value. These are all assets that experts consider requirements for a well-rounded, award-worthy vehicle.
Firm Boosts DMS Product
Autosoft, Inc., a national dealer management system (DMS) provider, has introduced the second module in its next-generation DMS, Inventory Management, a web-based solution that provides dealerships with vehicle appraisal, inventory pricing, and digital marketing and merchandising functionality with mobile capabilities. Dealers can also access auction data from Manheim Market Reports and book values from Black Book, NADA, and Kelley Blue Book. The inventory bookout functionality gives dealers instant access to this data from the desking screen in Autosoft Sales and F&I.Other highlights include:Mobile capabilities that create powerful efficiencies, like VIN scan, appraisal functionality, and image capture, available directly from inventory records. An inventory pricing review section that lets dealers manage used inventory from both a book and market perspective. Dealers can set and update prices based on the most up-to-date book values, competitor listings, accounting costs, and days in stock. Inventory marketing and merchandising that’s built directly within Autosoft DMS and manageable from one screen. Dealers can update pricing, add and edit images with watermarks and overlays, add detailed descriptions, and export to third-party websites.With the release of Inventory Management, Autosoft is introducing an embedded software applications marketplace that allows dealerships to customize their solution to their specific business needs. Autosoft is also in the process of developing the accounting, service, parts, and CRM aspects of the platform.