F&I Express now will operate as a wholly owned subsidiary of Cox Automotive after this announcement became public. Brian Reed, chief executive officer and co-founder of F&I Express, joined Nick for this episode of the Auto Remarketing Podcast to discuss how the acquisition came together and what it means for dealers and service providers. The […] [Read More]

Perhaps the first autumn leaves are starting to fall on your lot. And according to Black Book, so are car prices. The latest Black Book Market Insights Report highlighted that car segment depreciation has accelerated during the past two weeks, with sporty cars, midsize cars and full-size cars seeing some of the largest weekly depreciation […] [Read More]

Keeping track of loaners and their usage might be more manageable now that Dealerware and CDK Global are working together. Fleet management platform Dealerware announced on Tuesday that it has become a participant in the CDK Global Partner Program, a partnership designed to allow service departments to gain critical efficiencies that increase fleet utilization, customer […] [Read More]

Two of the largest repossession organizations are set to become one group. According to an announcement sent to SubPrime Auto Finance News on Tuesday morning, the American Recovery Association (ARA) and Time Finance Adjusters (TFA) are joining together. The statement indicated the new association is expected to launch in January. TFA president Nicki Merthe believes […] [Read More]

Prime Minister Justin Trudeau and at least part of Canada’s automotive industry are happy. On Monday, Trudeau welcomed an agreement-in-principle between Canada, the United States, and Mexico on a modernized trade agreement — the United States-Mexico-Canada Agreement (USMCA) — that the prime minister believes will create good, well‑paying, middle class jobs, strengthen economic ties, and […] [Read More]

American International Automobile Dealers Association president and chief executive officer Cody Lusk likely summarized reaction to questions perhaps being answered with Monday’s trade announcement originating at the White House. “Uncertainty is the enemy of business, large and small,” said Lusk, who welcomed the news that the United States, Canada and Mexico have all agreed to […] [Read More]

LotLinx recently hired former Cox Automotive strategist and noted marketing analytics expert and author Thomas Gage as its new chief strategy officer. In this role, LotLinx explained that Gage will apply quantitative data gathered by LotLinx’s artificial intelligence technology to dealerships’ sales objectives to identify the best approach to their advertising campaigns and marketing spend. […] [Read More]

Cruises are not my favorite form of vacation, but when it involves a partial family reunion (with some of the aged members finding this the most comfortable mode of travel), I’m all in. So out to sea we went for a week.    Being cheap (and wanting to run an experiment of a sort), I […] [Read More]

Joe talks with PureCars chief executive officer Sam Mylrea about the company's rollout in Canada, its inclusion on the Inc. 5000 list, his thoughts on mobility trends and more. The full discussion can be found below. Download and subscribe to the Auto Remarketing Podcast on iTunes or on Google Play.  You can also listen to the latest episode in the window […] [Read More]

Cox Automotive grew again on Monday. The company announced the acquisition of Intersection Technologies; better known in the aftermarket industry as F&I Express. Management said the deal furthers Cox Automotive’s mission to transform the way the world buys, sells, owns and uses cars. While specific financial terms of the deal were undisclosed, Cox Automotive mentioned […] [Read More]