J.D. Power is expanding into the automotive markets of Europe and Australia. The company announced a deal Tuesday to acquire Autovista Group, a European and Australian automotive data, analytics and insights provider. J.D. Power says the acquisition allows it to combine its own predictive analytics and valuation and customer experience data sets with Autovista’s market […] [Read More]

Trade show season is here. Actually, in automotive, it never goes away. Starting with NADA Show, our weeks are filled with conferences, expos, 20 groups, and training opportunities all year long. For leaders, it can be a bit overwhelming to find the right events for your business and organize the optimal participation plan. After years […] [Read More]

Electric vehicle subscription company Autonomy is now in the car-sharing business, as well. Autonomy, led by longtime auto entrepreneur Scott Painter, announced Friday it has agreed to acquire EV Mobility LLC, which is an all-electric car-sharing platform. Under the agreement, Autonomy will acquire EV Mobility’s technology, assets and customer accounts once certain conditions are met. […] [Read More]

Fox Motors announced it has acquired Kia of Grand Rapids North from Alabama-based Liechty Auto Group. The purchase gives Fox Motors 18 locations in West Michigan among its total of 45 rooftops in Michigan and Illinois, representing 47 automotive and powersports brands. It’s the fifth dealership added to the company’s portfolio this year, including a […] [Read More]

Access Capital, a privately owned asset-based lending firm based in New York, last week upgraded from its on-premise system to Solifi ABL on Open Finance Platform. In addition to upgrading to the newest version, a news release indicated Access Capital also consolidated its remaining clients from a separate factoring system to Solifi ABL’s ledgered AR […] [Read More]

Last week, 700Credit announced an affiliation with OTTOMOTO, a platform designed to streamline every part of the retail finance process — from credit applications through funding. With this new relationship, OTTOMOTO has integrated 700Credit’s compliance and prequalification soft pull solutions into its desking and lender aggregation platform providing a smooth workflow and seamless dealer experience. […] [Read More]

College football teams weren’t the only ones claiming victories in Texas on Saturday. The American Bankers Association (ABA), the Consumer Bankers Association (CBA), the Texas Bankers Association, the U.S. Chamber of Commerce and several other co-plaintiffs cheered the decision by the U.S. District Court for the Eastern District of Texas. The court granted the plaintiffs’ […] [Read More]

Alternative data isn’t just for evaluating consumers during the underwriting process. It’s now being used to evaluate entire companies, too. Last week, Bloomberg announced the introduction of a new alternative data function — ALTD <GO> — on the Bloomberg terminal. For the first time, customers can get an early read on company performance, side-by-side with […] [Read More]

Off Lease Only, a Florida- and Texas-based used-car retailer whose stores were previously was among the leading used-car dealers in the country, has voluntarily filed for Chapter 11 bankruptcy and is closing its stores amid an auto retail environment it says has been “deteriorated” by scarce supply, price inflation and lack of demand and affordability. […] [Read More]

The monthly index generated by Black Book showed August wholesale prices trending in a different direction than the monthly index posted by Manheim. Here’s what the experts from both operations said. The Black Book Used Vehicle Retention Index for August decreased 5.2% or 8.8 percentage points to 162.3 from the July reading of 171.1. Black Book […] [Read More]