Four days after announcing the purchase of the Tail Light automotive software company, J.D. Power shared another acquisition in the software space on Monday. This time, the company announced the purchase of We Predict, a UK-based provider of automobile service and warranty analytics software. Through We Predict’s software, automakers and suppliers are able to gauge […] [Read More]

Alexis Jacobs, a former National Auto Auction Association president and former owner and chief executive officer of Columbus Fair Auto Auction, passed away Friday, according to a message from NAAA. Jacobs, who was the NAAA’s president in 1995, led CFAA until 2019. The XLerate Group acquired the auction in 2019. Jacobs was named NAAA Industry […] [Read More]

Hudson Cook announced last week that four of its attorneys have been recognized in Chambers 2022. Partners Michael Benoit, Nikki Munro and Jean Noonan are being recognized by Chambers again this year with national rankings in the Chambers USA Guide in the Financial Services Regulation: Consumer Finance (Compliance) department. And partner Catherine Brennan is being […] [Read More]

Last July, J.D. Power acquired Superior Integrated Solutions/Darwin Automotive to strengthen its F&I software analytics offerings for dealers and third-party partners. On Thursday, J.D. Power further reinforced that business segment with another acquisition, adding Tail Light, a leading automotive software company. Executives highlighted Tail Light’s F&I menu and reporting software is used by dealerships and […] [Read More]

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Despite ongoing shortages of precious metals and microchips needed to replenish inventory levels, many automakers continue to invest in marketing. But, in contrast to previous years where incentives, sales events, and financing offers punctuated TV spots and digital banners, this year has seen stronger emphasis on future model launches, lifestyle campaigns and multicultural efforts as […] [Read More]

Jensen-Wood Chrysler Dodge Jeep Ram of Montpelier, Idaho, has been sold to Casey Wheeler, who recently launched his own dealership group and is expanding, according to a news release from Performance Brokerage Services, which advised sellers Kirk and Lorrie Jensen. The latter have been third-generation owners of the store since 2000 and are retiring. Kirk […] [Read More]

Dave Cantin Group, an automotive M&A firm, made a series of leadership moves on Wednesday. The company named Brian Brown as president of DCG Acquisitions, the company’s primary M&A arm; George Pero as national vice president of sales for DCG; and Brian Traugott as national vice president of operations for DCG. Brown joined DCG in […] [Read More]

The NYE Group has sold its six dealerships in upstate New York to Atlantic Coast Automotive Group, according to a news release from the Tim Lamb Group, which brokered the sale. Harold Nye founded NYE Group in 1968, and his son William Nye has helmed the group since 1998. The transaction closed May 24. “The […] [Read More]

PureCars announced a new chief executive office on Thursday: Stephane Ferri, who most recently was strategic advisor for the Presidio Group, following time as senior vice president at vehicle subscription company Flexdrive. Ferri’s background also includes time at Cox Automotive and Asbury Automotive Group. PureCars founder Jeremy Anspach transitions out of the CEO role but […] [Read More]