Black Book announced Thursday it has partnered with AutoAlert to populate the data-mining and communication solution’s algorithms with its vehicle valuation data. “With the addition of Black Book, our dealer customers will have access to the industry’s most accurate vehicle valuation data, which can make a significant difference in elevating profit potential,"  AutoAlert general manager […] [Read More]

DIMONT is coming to Used Car Week armed with three additional experienced executives within its workforce. This week, DIMONT, one of the largest providers of insurance claims adjusting and collateral loss mitigation services, announced the addition of three industry experts to its growing staff including: —Lynette Richter as director of investor claims —Taylor Thurman as […] [Read More]

Two Used Car Week exhibitors — FactorTrust and Intellaegis — announced an integration partnership on Thursday. Executives explained the servicing platform, masterQueue, which combines artificial intelligence with predictive data is set to leverage FactorTrust’s proprietary alternative credit data to locate lost customers and assets. Intellaegis will use FactorTrust’s real-time data with its finance company customers […] [Read More]

AutoCanada recently announced that it has entered into an agreement to acquire 90 percent of the issued and outstanding shares of the Planete Mazda dealership, which has operated for nearly 30 years in the greater Montreal region on the north shore in Mirabel. The new purchase will be the first Mazda dealership for AutoCanada, and […] [Read More]

Jason McClenahan, chief operating officer at eBlock, has been in the auction industry his entire career. In fact, it’s the only job he’s ever had, the new COO of this growing digital auto auction company told Auto Remarketing Canada. McClenahan began his career with ADESA Vancouver when he was just 17. After spending 12 years […] [Read More]

Hyundai Auto Canada’s new certified pre-owned program, known as H Promise, was launched last year and is designed to be a product that adapts to its market environment. Joel Gregory, national sales manager for CPO and remarketing at Hyundai Auto Canada Corp., told Auto Remarketing Canada that Hyundai’s previous CPO program was “appropriate for its […] [Read More]

Hurricanes Harvey and Irma took a chunk out of auction volumes for late-model vehicles. According to the latest Guidelines report from J.D. Power Valuation Services, late-model auction volume was down 18.1 percent month-over-month in September. It dropped 9.3 percent year-over-year. More specifically, auction volume for this age group (vehicles 3 years old or less) was […] [Read More]

Following the company purchasing the remaining interest in TradeRev, KAR Auction Services ironed out a few leadership updates on Wednesday. Becca Polak, who had been KAR’s executive vice president, general counsel and corporate secretary the past decade, is now the president of TradeRev. She also earned a promotion to the role of chief legal officer […] [Read More]

Triggered in part by online vehicle retail sales activity gaining steady momentum, Assurant made a $2.5 billion acquisition of The Warranty Group, which works with more than 5,600 dealerships selling F&I products such as vehicle service contracts and GAP insurance. Assurant highlighted in a news release announcing the move on Wednesday that The Warranty Group’s […] [Read More]

With a stronger than normal performance pushing September price readings, the analyst team at J.D. Power Valuation Services is projecting that October’s wholesale movements will be less than half of what was recorded during the same month a year ago. According to their latest issue of Guidelines, analysts expect that wholesale prices of vehicles up […] [Read More]