This week, Wolters Kluwer Governance, Risk & Compliance completed divestment of its indirect loan origination solutions, including the AppOne platform, to Reynolds and Reynolds. The development finalizes an agreement officials said included €32 million in cash through a deal initially announced on Sept. 8. At that time, Wolters Kluwer explained its divestment is in line […] [Read More]

Before arriving at Equifax, both Lou Loquasto and Craig Sims spent time in the industry trenches with auto finance companies, competing against other providers for applications and contracts generated at dealerships. When Loquasto and Sims offered the industry media a glimpse of Equifax’s newest tool — TradeSight — the availability of this marketplace intelligence platform […] [Read More]

AutoCanada Inc. announced on Tuesday it has entered into an agreement to purchase all of the issued and outstanding shares of Wellington Motors Limited, which operates a Chrysler Dodge Jeep Ram Fiat dealership in Guelph, Ontario. The transaction is expected to close within 21 days. As part of the deal, AutoCanada will purchase the dealership’s […] [Read More]

Mercedes-Benz Canada announced that the recently vacated role of vice president, sales has been filled by Gavin Allen, who most recently served as vice president, marketing. Virginie Aubert was promoted to vice president, marketing from her role as national marketing manager. Both assignments are effective immediately. Allen came to Canada from Mercedes-Benz Australia/Pacific in 2013. […] [Read More]

eBay Motors and its Business and Industrial division have announced a move aimed at increasing buyer confidence. As such, the company is doubling its coverage protection up to $100,000 on its Vehicle Purchase Protection (VPP) and Business Equipment Purchase Protection (BEEP) programs, applicable to purchases after Sept. 1. “At eBay, nothing is more important than trust. Without […] [Read More]

Along with looking at last week’s movements, the Black Book Market Insights report also examined what happened this past quarter. Editors noticed overall depreciation in trucks performed better than cars. Black Book reported that full-size pickups represented the best-performing segment in the third quarter with 3 percent quarterly depreciation. Conversely, editors pointed out the sub-compact […] [Read More]

When the calendar rolled past the close of the third quarter this past Friday, certified pre-owned sales reached the second-highest quarterly figure ever. Autodata Corp. reported on Tuesday that Q3 CPO sales came in at 675,725 units, representing a 3.4-percent lift year-over-year. Looking at the quarterly data from a sequential viewpoint, Q3 marked just a […] [Read More]

The mid-2000s: George W. Bush was early in his second term as U.S. president. The iPhone had yet to be released. The Boston Red Sox had just reversed an 86-year curse. And the way folks shopped for and bought cars was vastly different. The retail market has since been flipped on its axis and the […] [Read More]

In their most recent Perspective report, NADA Used Car Guide analysts detailed the value performance of used 2013 model-year passenger cars and light-duty trucks. Turns out, the top-performing vehicle isn’t even manufactured by that automaker any longer, but the unit still rose to the top of NADA Used Car Guide’s rankings for the second year […] [Read More]

The psyche of each generation can be impacted by technological innovations or limitations, geo-political events and the social and cultural climate of the day. The post-World War II growth impacted the baby boomer generation, just as the digital revolution impacts millennials. “We are somewhat a product of our society,” DealerSocket sales director Todd White said […] [Read More]