Consolidated Asset Recovery Systems (CARS) — again the sponsor of this year’s Re3 Executive of the Year Award to be handed out at Used Car Week — is hosting a free one-hour webinar to dive deeper into the topic of legal options when repossession fails. In conjunction with Pamela Dotson, corporate counsel for LCS Financial […] [Read More]

Facebook originally built buy and sell Facebook groups to help people connect and hock what they had to sell. Now, Facebook built a standalone marketplace for those 450 million people who visit those groups every month. Facebook calls it a “convenient destination to discover, buy and sell items with people in your community." Facebook Marketplace […] [Read More]

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]