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Snap-on snaps up Canadian fixed ops software firm Dealer-FX in US$200 million deal

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.

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Why it remains a seller's market when it comes to dealership mergers and acquisitions

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

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Rapid RTC sold to Keyloop, a U.K.-based software developer

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.

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Retail
February sales down 10% due to lockdowns, supply chain disruptions

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

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HGreg dealer group now accepting cryptocurrencies
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Cox Automotive Canada adds 4 new execs, including a former Black Book VP
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Trade X secures US$50-million line of credit to expand in Canada and U.S.
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Twitter Canada sees uptick in online auto talk as companies stream vehicle launches
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Dealer Solutions M&A to offer training, financial resources to prospective dealers
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Live vehicle launches will survive, some automakers say
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Kia Canada holding virtual auto show for next two months
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Why Canadian dealers have the Lone Star State in their eyes
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As retail moves online, Genesis gets more physical
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Subaru aims 2022 BRZ at young buyers
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