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]

British Columbia-based Kot Auto Group has added its first Chrysler-Jeep-Dodge-Ram store, purchasing Woodgrove Chrysler. The store is Kot’s second on Vancouver Island, having purchased Victoria Hyundai in June 2019. “We are excited to expand with a dedicated domestic brand to our portfolio and allow for more opportunity for our team and our customers,” group president […] [Read More]

Incentives might not be as robust now at dealerships to deliver used and new vehicles. But in at least one place, financial incentives are growing in the vehicle subscription market. On Tuesday, Getaround, a digital peer-to-peer carsharing marketplace, announced a new national partnership with GO, a vehicle subscription provider. Through this agreement, hosts who list […] [Read More]

A week after partnering with Manheim, Work Truck Solutions announced a partnership with a part of the Blue Oval. The operations, marketing and lead-gen platform for commercial vehicle sales said on Tuesday that it now has a strategic partnership with FordDirect to assist Ford and Lincoln dealers in capitalizing on the value and profits associated […] [Read More]

The leadership transformation of Primeritus Financial Services continued with an announcement the provider of recovery management, skip-tracing and remarketing shared on Monday. Already with a new chief executive officer and chief financial officer in place, Primeritus said it has promoted Justin Conners from senior vice president of operations to be chief operating officer. According to […] [Read More]