There have been two announcements today, PureCars announced its acquisition of truPayments, LLC and XLerate Group has purchased Liquid Motors, Inc.
Roadster was purchased by CDK Global less than a month ago. I believe we will see a slew of similar announcements in the next 18 to 24 months. By then, the Digital Retailing landscape will have shifted dramatically, with only a few major players controlling more than 80% of the DR market. (Steve Greenfield)
These recent acquisitions and consolidations on new business models with high valuations from new sexy young companies remind me of the “Far Web” era from 1998 to 2001. But this is a different situation; the market is much more stable, and most of these businesses are profitable. (🚘 Ian Nethercott MBA, BSc, Jeff Polo – Perfect topic for your next show!)
For the time being, many amazing Fintech teams, such as our own DecisioningIT and its Lucy Platform, are working on their technology to continue disrupting our industry.
The future looks very promising, and the way cars are sold today will continue to evolve dramatically in the coming years.
Love it!
