Time Auto Group and Daniel Crainic have purchased Gresham Chrysler Dodge Jeep Ram in Oregon from Dorian Boyland and Dan Kaiser, according to a news release from Performance Brokerage Services. Boyland is a former MLB player who founded Boyland Auto Group in 1985 after retiring from baseball two years earlier. Boyland purchased Gresham Dodge in […] [Read More]

Dealers often suggest that used-vehicle buyers purchase various kinds of insurance products when taking delivery. This week, Novum Underwriting Partners is giving dealerships an opportunity to get insurance, too. The company announced an exclusive franchised and independent dealer insurance program specializing in multi-line coverage tailored to meet the unique needs of automobile and RV dealers. […] [Read More]

Nordis Technologies recently unveiled a new white paper that asserted cloud-based customer communications management (CCM) technology enables billing and collections firms to keep up with proliferating rules and requirements for how they are allowed to communicate with consumers about delinquent debt According to white paper titled, “Gain Control of Your Omnichannel Collections Communications,” another key […] [Read More]

This week, Alfa announced its latest software update with release 5.7 Alfa Systems, a software platform for asset finance. Alfa highlighted the latest release follows two years of new enhancements in key areas of the product, with new offerings in the user experience, charges and billing, and configuration among the highlights. Meanwhile, changes to existing […] [Read More]

On Tuesday, Fitch Group announced an agreement to acquire a majority stake in dv01, a data and analytics provider to the structured finance market. According to a news release, dv01 will operate as a subsidiary of Fitch Solutions, one of the divisions of Fitch Group. While financial terms were not disclosed, the company said the […] [Read More]

Cox Automotive spotted a potential reason if your store is having more trouble getting deals bought through your network of finance companies. Access to auto credit declined for the fourth straight month in August, according to the Dealertrack Credit Availability Index. Analysts determined the index dipped … [Read More]

A Tennessee team is welcoming more Alabama to the family. Well, at least in auto retail. Nashville-based Carlock Automotive Group said it has purchased Mobile-based Gulf Coast Automotive Group, expanding Carlock’s presence in the Yellowhammer State. Gulf Coast Automotive Group includes Audi Mobile, Volkswagen Mobile, Porsche Mobile and Volvo Cars Mobile, which are located in […] [Read More]

Autonomy now is plugged in with J.D. Power. Last week, the electric vehicle subscription company said it is now offering access to its services through J.D. Power’s consumer website at JDPower.com. The move comes after Autonomy recently landed relationships with Liberty Mutual as well as DigiSure in connection with insurance along with AutoNation to gain […] [Read More]

As the lines between the retail and wholesale car markets merge, blur and otherwise crisscross, auto auction companies are paying attention and readying themselves. It’s certainly top of mind for the respective leaders of the three largest groups of auto auctions, who participated on a wide-ranging panel here at the National Auto Auction Association’s annual […] [Read More]

Upon reporting that wholesale values dropped another 0.93%, Black Book gave a succinct summary of the current auction scene through its latest installment of Market Insights released on Tuesday. Analysts said, “The market continued to … [Read More]