The acquisition train just keeps gaining steam throughout the automotive industry. The latest momentum builder arrived on Tuesday when TransUnion said it has signed a definitive agreement to acquire Verisk Financial Services, the financial services business unit of Verisk, in a $515 million deal. TransUnion highlighted that Verisk Financial is relied upon by leading financial […] [Read More]

The latest update from the Internal Revenue Service shows the volume of individual tax filings and refunds is off to a roaring start this season. As of Feb. 11, the IRS said it has received 26,421,000 individual tax returns since the 2022 filing season began on Jan. 24. That’s up 28% from the same juncture […] [Read More]

It’s another M&A move in automotive, this time in the repair and reconditioning space. Repairify said Tuesday it has acquired AutoMobile Technologies, which provides enterprise-grade used-car reconditioning software. Repairify is a portfolio company of Kinderhook Industries, and it includes such brands as asTech, adasThink, BlueDriver, FleetGenix, MobileTechRX, One Guard Inspections, and RED (EU). Having both […] [Read More]

E Automotive Inc. and its EBlock brand have purchased the FastLane Auto Exchange independent auto auction. The acquisition of FastLane, located in Mount Morris, Mich., expands EBlock’s footprint to the Midwest, and better positions the company for facilitating cross-border dealer-to-dealer transactions. “The acquisition of FastLane Auto Exchange uniquely strengthens our wholesale marketplace, EBlock, in both […] [Read More]

The International Automotive Remarketers Alliance has named a new systems and communications manager. Hired for the position is Nikki Jones, who will manage IARA’s website and membership system and head up management for IARA’s integrated learning and event systems. In a news release, IARA executive director Tony Long said: “Nikki took a brief hiatus from the […] [Read More]

We begin this auction news roundup in Ohio, where Value Auto Auction has named a new general manager. Appointed to the GM role at this Crooksville auction is Carrie Thomas, who was most recently director of sales. Thomas became director of sales last year after five years as an outside sales representative for the auction. […] [Read More]

A former Cox Automotive executive now is part of the leadership team at Automotive Innovations (Ai), which offers an all-in-one solution that can allow dealers to replace multiple tools, increase profits and get real-time visibility into their business On Monday, Ai announced the appointment of veteran automotive executive Darrel Ferguson as vice president of sales. […] [Read More]

Let’s begin a new week with some upbeat projections based on the thinking from more than 300 chief financial officers and other senior finance executives. BillingPlatform recently released its 2022 Trends in Finance Survey: Market Outlook & Strategies for Revenue Growth report. The revenue management solution provider said its findings offer an in-depth look at how […] [Read More]

The Consumer Financial Protection Bureau (CFPB) wants to make it easier for individuals to have a say in how credit bureaus, auto finance companies and other providers of financial services are regulated by the agency. Last week, in an effort for what the CFPB described as an easier path for the public to engage meaningfully […] [Read More]

Some good news-bad news for dealerships’ used-car operations. Sales are somewhat soft, but supply is improving — in fact, days' supply of unsold retail used vehicles is at its highest level in more than a year, according to Cox Automotive. [Read More]