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Auto Sales Surge Fuels Demand for Smarter Reconditioning Software Solutions
Cox Automotive’s latest forecast reveals U.S. auto sales are expected to grow by 2.2% in 2024, reaching 15.8 million units—a clear sign of sustained market momentum. With used-vehicle sales projected to rise another 1% in…
Advancing EV Affordability
The EV market is undergoing transformative changes that promise to make electric vehicles more accessible to a broader consumer base. GM Energy’s introduction of the PowerBank, a home energy storage solution, showcases how integrating EVs…
Landmark Merger in the Digital Twin Space: Siemens Acquires Altair Engineering
On October 30, Siemens announced its acquisition of Altair Engineering for $10 billion, the second-largest deal in the Digital Twin and industrial simulation market. With valuation multiples of 14x revenue and 31x Adjusted EBITDA, this…
AI and Tech Revolutionizing Automotive Dealerships: The Road to Smarter Operations
The automotive dealership industry is undergoing a significant transformation as technology and AI redefine operations. Supply chain disruptions and fluctuating consumer demand have pushed dealerships to adopt technology-driven tools for smarter inventory management. According to…
The Death of Third-Party Cookies: Implications for Direct Marketing and M&A Activity
Third-party cookies are tracking tools used by companies to monitor user behavior across websites for targeted advertising. Google, which controls about 65% of the global browser market, recently announced it would keep third-party cookies in…