Auto Repair news and trends

PartsTech Raises $35 Million to Expand B2B Automotive Parts Marketplace
eCommerce // May 18, 2023

PartsTech has raised $35 million to expand its B2B marketplace for the auto repair industry. With the money raised from this Series C funding round, led by venture capital (VC) firm OpenView, the company plans to enable auto repair shops to source all the parts and...

Auto Repair Shops Look to Software Platforms for Service, Scheduling and Payments
Back-office // December 15, 2022

Auto repair is about grease and gears, and digital is taking it in new directions. Speaking with PYMNTS’ Karen Webster for the J.P. Morgan Global Innovators in Payments series, Jeff Haynie, chief technology officer at auto repair shop management platform Shopmonkey, described a sector transitioning...

AutoNation Moves Into Mobile Car Servicing With $190M RepairSmith Acquisition
Retail // December 12, 2022

AutoNation says it will expand its post-sale vehicle service offerings by acquiring mobile car repair platform RepairSmith. The $190 million deal, announced Monday (Dec. 12), is happening when many consumers are choosing to repair old cars instead of buying new ones, and car dealers are feeling pessimistic about their prospects....

Auto Repair Tech Startup ServiceUp Nets $14.5M to Expand
Connected Economy // September 27, 2022

Autotech startup ServiceUp, which provides end-to-end car repairs, has secured $14.5 million in Series A funding, a press release said. The startup, founded in South Bay in 2021, connects customers to advocates who manage the entire car repair process including payments. It works with “pick...

Interviews & Exclusives
Auto Repair Shops Look to Software Platforms for Service, Scheduling and Payments

December 15, 2022
Auto repair is about grease and gears, and digital is taking it in new directions. Speaking with PYMNTS’ Karen Webster for the J.P. Morgan Global Innovators in Payments series, Jeff Haynie, chief technology officer at auto repair shop management platform Shopmonkey, described a sector transitioning to the cutting edge of experience, data and payments. Founded […]

Safelite, Ingo Money Team To Pay Auto Claims In A Day

August 07, 2018
The first thing that probably pops into one’s head at the mention of Safelite, the auto glass and claims management company, is its familiar jingle: “Safelite repair, Safelite replace.” One...

Quick Reads
CCC Debuts Website-Building Tool for Collision Repair Shops

October 30, 2023
CCC Intelligent Solutions has unveiled a tool it says lets collision repair shops launch websites. CCC Amplify, announced Monday (Oct. 30) by the property and casualty insurance and repair cloud platform, allows repair shops to build and debut websites in minutes, while also making those sites easier to find. “Many repair shops find it challenging to build and […]

PartsTech Raises $35 Million to Expand B2B Automotive Parts Marketplace

May 18, 2023
PartsTech has raised $35 million to expand its B2B marketplace for the auto repair industry. With the money raised from this Series C funding round, led by venture capital (VC) firm...

AutoNation Moves Into Mobile Car Servicing With $190M RepairSmith Acquisition

December 12, 2022
AutoNation says it will expand its post-sale vehicle service offerings by acquiring mobile car repair platform RepairSmith. The $190 million deal, announced Monday (Dec. 12), is happening when many consumers are choosing to repair...

Auto Repair Tech Startup ServiceUp Nets $14.5M to Expand

September 27, 2022
Autotech startup ServiceUp, which provides end-to-end car repairs, has secured $14.5 million in Series A funding, a press release said. The startup, founded in South Bay in 2021, connects customers...