Dealer-FX's service lane software platform is used by dealerships selling brands from at least nine major manufacturers, including Stellantis, General Motors, Toyota and Hyundai.

Dealership deals continue to thrive despite the pandemic and slumping sales. 

Winnipeg-based Rapid RTC — which manages live chat functions and sales lead management for 4,200 dealers and 27 automakers in North America and Europe — has been sold to U.K.-based software developer Keyloop.

The COVID-19 pandemic and global shortage of microchips are further affecting inventory across the board, analysts say.