Amazon Growing as Automotive Retailer
In a report by One Click Retail, who collects sales data for the world’s top ecommerce marketplaces, Amazon recorded $2.4 billion in automotive related sales based on just their first-party sellers
Snap Finance Secures Revolving Credit Facility
Snap Finance has secured a significant bank revolving credit facility from BMO Harris Bank, the largest bank revolving credit facility ever for a private consumer lease-to-own company.
OEC Completes Acquisition of Clifford Thames Group
OEConnection (OEC) has completed the purchase of Clifford Thames Group (CT) officially on June 30.
Bridgestone Americas Jumps Into Online Sales Pool
Looking to help its tire dealers more effectively compete in the online tire sales world, Bridgestone Americas plans to acquire TireConnect Systems, a Canadian software developer that offers a turnkey online tire sales tool. The acquisition is expected to close within 30 days, and the resulting Bridgestone TireConnect online sales and ecommerce solution will be
New Online Parts Catalog
ACDelco introduced a new online parts catalog and stand-alone parts ordering system – the ACDelco Connection – for parts sales meant to replace WIP. “Staying a step ahead in today’s rapidly changing eCommerce world saves our customers time and money – the two big enablers of any successful independent service center,” said Stephen C. Sigg,
ARI Purchases TCS Technologies
ARI Network Services has acquired TCS Technologies. The acquisition of TCS aligns with ARI’s growth strategies, the company said. The purchase consolidates its position as a leading provider of eCommerce and provides solutions for the entire automotive tire and wheel supply chain, including wholesales, retreaders and manufacturers, said Roy Olivier, president and CEO of ARI.
MotoSkill Adds Spanish-Language Courses, All Access Pass
MotoShop Technology Tools, a product set from Advance Auto Parts Inc., has added seven Spanish-language courses and an All Access Pass to its shop tech training program, MotoSkill. “By continuously diversifying and expanding our course offerings, we ensure every technician has the personalized tools they need to succeed in certification and excel in the shop,”
Aftermarket Auto Parts Alliance Offers VIN Scan App
Auto Value and Bumper to Bumper Parts Stores have released a vehicle identification number barcode scanning app to assist professional technicians find and acquire repair parts faster from their mobile device. The free app connects technicians to MyPlaceForParts, the eCommerce site available through Auto Value and Bumper to Bumper affiliates, and provides easy access to
Advance Auto Parts, AVI Partner for Online Training Solutions
Advance Auto Parts has formed a partnership with AVI to provide shops with an expanded offering of online automotive training courses. Advance Shop eLearning powered by AVI features online video content covering topics from basic automotive concepts to advanced technical diagnostic training. All content is available to shops 24/7 through the purchase of training bundles
ARI Sets $4.8 Million Private Stock Placement
Milwaukee, Wis.-based ARI Network Services has entered into agreements with various investors in a private placement of $4.8 million of common stock at a price of $1.50 per share. In addition, the company will issue to the investors warrants to purchase 1,066,667 shares of common stock. The warrants have an exercise price of $2 per