E Automotive Inc. is searching for a new chief financial officer. The parent company of EBlock and EDealer announced last week that it has engaged an external firm to initiate a search for a new CFO. The move is a result of an agreement between the company and Andrew Bohlin, who intends to pursue new […] [Read More]

Remarketing+, powered by Advent Resources, helps consignors, fleets, and car rental companies to move their de-fleeting upstream in an effort to save sellers in reconditioning, transportation, holding and transaction fees. Now the company wants to assist private consumers, too. On Monday, Remarketing+ rolled out its newest offering, Driver Sales, which is a white label solution […] [Read More]

America’s Group acquired Liquid Motors nearly two years ago. On Monday, the company announced an executive succession plan, as Liquid Motors founder and president Michael Daseke will depart from the position effective June 30. Selected to succeed Daseke as president on July 1 is America’s Group vice president of digital strategy Kelly McAllister, who has […] [Read More]

Reynolds and Reynolds made its third acquisition of the year last week, announcing the purchase of technology startup AutoVision. Through a news release, the company said AutoVision will enhance the Reynolds Retail Management System with a suite of tools to retail used vehicles more efficiently and profitably. “The Reynolds Retail Management System is built on […] [Read More]

There was dry humor but few dry eyes when the National Automotive Finance Association gave the first Jack Tracey Pinnacle Award to Tom Hudson last Thursday at the Non-Prime Auto Financing Conference in Plano, Texas. After playing a 10-minute tribute video the NAF Association compiled, Hudson cracked a one-liner when immediate past chair Jim Bass […] [Read More]

Last week, Informed.IQ announced general availability of its platform in AWS Marketplace, a digital catalog with thousands of software listings from independent software vendors that can make it easy to find, test, buy, and deploy software that runs on Amazon Web Services (AWS). By launching in AWS Marketplace, Informed.IQ said its customers and prospects can […] [Read More]

Mercedes-Benz Financial Services USA wants to be involved in more than just vehicle leases and retail installment sales contracts. The captive now offers Mercedes Pay, which is designed to turn the vehicle into a payment device. The newly released in-car feature, available on any Mercedes-Benz vehicle in the U.S. with the MBUX infotainment system and […] [Read More]

Lightico reinforced its capabilities on Monday by bringing a European company into its portfolio. The provider of technology to facilitate digital customer interactions announced the acquisition of Vizolution in a move meant to position the joint company to be a global leader in B2B2C digital completion for the financial services and telecom industries. The joint […] [Read More]

Over the course of the pandemic, leasing fell way off,  and the auto finance market saw loan-term lengths soar amid a difficult economic environment for consumers. And it’s likely in Canada, the market may never return to the norm dealers have historically been used to. The leasing fall out is tied to an evolving lender […] [Read More]

The American Recovery Association is seeking a new executive director. According to an industry message the organization sent last week, ARA highlighted eight characteristics it is looking for among potential candidates, including: —A self-starter with the ability to work independently —Proven ability to demonstrate good customer service skills —Creative and strategic approach to revenue generation […] [Read More]