Canadian online auto auction EBlock has now officially set up shop in the U.S., as well. EBlock’s U.S. operations are headed up in Burlington, Vt., and led by former Dealer.com executive Mike DeCecco. (Dealer.com is also headquartered in Burlington). EBlock will begin its U.S. expansion in the Northeast, and leading the company’s North American growth […] [Read More]

Matt Arias has been named assistant vice president of operations at America’s Auto Auction. The company describes Arias as “one of the industry’s leading experts in vehicle arbitration procedures, inspections, reconditioning, operations management and resource optimization.” Arias begins his new role with more than 20 years of auction experience. “Matt will establish stronger consistency in […] [Read More]

Digital Air Strike said Thursday it has purchased ad tech lead generation company Target Media Partners Interactive (TMPi) as well as Libra Systems. The latter provides software designed to make leasing and financing easier for auto retailers. Digital Air Strike said this is the most significant expansion in its history. Thursday’s move was also the […] [Read More]

Lithia Motors now has a chief legal officer — its first-ever. And AutoWeb has its first chief operating officer. Starting with the Lithia news, joining the dealer group in the role of chief legal officer will be David Stork, who comes to the company from JELD-WEN. His most recent post there was as general counsel. “David’s unique […] [Read More]

You may have attended the Auto Remarketing Canada Conference in years past. And you might think you know what’s in store this year. But, with all due respect, you would be wrong.  Early registration opened for AR Canada 2019 earlier last week, and we have one big, new reason (among others) to convince you to attend […] [Read More]

KAR Auction Services selected one of its executives who has been with the company for a decade for a role with its business unit — PAR North America — a provider of vehicle transition services with coast-to-coast solutions for recovery management, skip-tracing, remarketing and title services. The company announced on Thursday that Stacey White — […] [Read More]

Experts who compile the S&P/Experian Consumer Credit Default Indices described the readings to close 2018 as a "caution signal." This week, the teams from S&P Dow Jones Indices and Experian released their default data through December, and they spotted a sizeable jump for auto financing. The December auto default rate increased 10 basis points to […] [Read More]

Before the calendar turned to 2019, Axis Auto Finance expanded its footprint to serve dealers who have potential buyers with soft credit profiles. The publicly traded, non-prime finance company announced that it has entered the Quebec market by opening an office in Montreal. Axis pointed out that Quebec is the second largest province in Canada […] [Read More]

If car-sharing, ride-hailing and car-subscription services were as widely available as traditional car ownership through purchases and leases, consumers would rely “significantly less” on traditional car ownership and new-vehicle retail sales could tumble much as 29 percent. Conversely, fleet sales would increase. So predicts Phase 3 of Cox Automotive’s Evolution of Mobility Study, outlined Sunday […] [Read More]

Kelley Blue Book Trade-In Values are now integrated into the Contact At Once! Automotive messaging platform, CAO! Connect. The integration helps create what CAO says are satisfying connections, and it builds relationships between auto shoppers and dealers by making it easier for consumers to ask questions and get information in the “micro-moments” when they shop […] [Read More]