E Automotive Inc., which is the company behind the EBlock digital wholesale marketplace and the EDealer digital retail products, has filed and obtained a receipt for a preliminary base PREP prospectus for a proposed initial public offering in Canada. The preliminary prospectus for the proposed IPO of common shares was filed with the respective securities […] [Read More]

Now being led by an interim chief executive officer, Hertz is setting its sights on being in a better position for shareholders. Hertz announced on Monday that it has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission (SEC) relating to a proposed public offering of its common stock. Hertz’s […] [Read More]

AutoMiner and Covideo now are working together, so dealers can leverage the capability of video to boost activities in both sales and service. Last week, the automotive data mining platform released an integrated video messaging tool using Covideo’s proprietary technology, allowing its users to record, send and track videos through the platform. The companies indicated […] [Read More]

Alfa, provider of Alfa Systems, recently rolled out a new thought leadership series to discuss how asset finance organizations can work in an agile fashion to deliver quick and often on their software implementations. The series, titled “Innovation in Implementation,” draws on the talent and experience possessed by various individuals at Alfa to cover key concepts […] [Read More]

TruDecision landed another client that specializes in providing auto financing in the non-prime segment. The analytic platform-as-a-service provider announced last week that SameDay Auto Finance has integrated with the TruDecision Expert Auto Score in order increase service levels to dealers in Texas and offer additional approvals to underserved consumers. SameDay chief financial officer and chief […] [Read More]

Last week, EFG Companies announced a new addition to its executive team as part of the company’s focus on wealth creation and business expansion for its clients. Now part of EFG is Chad Chaffin, who will serve as vice president of risk and reinsurance. According to a news release, Chaffin brings more than 20 years […] [Read More]

J.D. Power Valuation Services — the presenting sponsor of Pre-Owned Con at Used Car Week — offered its latest assessments of wholesale prices and volume through its latest installment of Guidelines. For consignors with vehicles to send to auction, the trends continue to be favorable. For dealers needing inventory to keep their blacktops from looking […] [Read More]

When someone doesn’t pour beer correctly, a lot of “froth” could form, limiting how much of the cold beverage ends up in your glass. ALG used “froth” as part of their imagery to summarize its updated residual value forecast after going through the four ingredients analysts used to form it. [Read More]

KAR Global said Thursday it has completed its $450 million all-cash purchase of CARWAVE. The purchase of the online wholesale platform, initially announced in August, adds to the company’s “fast growth in the dealer-to-dealer segment, accelerates profitability, positions the company to achieve its long-term goals and enhances the company’s differentiated combination of digital marketplaces and […] [Read More]

To say AUL Corp. has built some momentum during its three decades in F&I industry might be a bit of an understatement. After taking 28 years to sell its 2 millionth F&I policy, AUL president and chief executive officer Jimmy Atkinson announced this week that it has taken only 32 months to reach its 3 […] [Read More]