J.P. Morgan recognizes that modern vehicles do more than travel highways, taking their owners from place to place. These vehicles also can be the conduit to a variety of financial transactions, too. On Wednesday, J.P. Morgan’s corporate and investment bank announced that it has entered into a strategic deal with Volkswagen Financial Services, with plans […] [Read More]

Acquisitions in the F&I space are starting to intensify just like what’s been happening in the dealership sector for some time now. On Tuesday, APCO Holdings — home to the EasyCare, GWC Warranty and MemberCare brands — announced that it recently acquired Strategic Diversified.  Through a news release, APCO highlighted this acquisition demonstrates its commitment […] [Read More]

EBlock continues to grow, and this time, it has made a move in Canada. The company announced Wednesday it has acquired digital dealer-to-dealer auction marketplace TradeHelper and parent company ESP Auctions. The latter is a Montreal-based independent auction. ESP owner Alain Boisvert partnered with former ADESA chief executive Stephane St-Hilaire to purchase TradeHelper in December […] [Read More]

CallRevu announced Tuesday it has purchased the automotive division of CallSource. Terms of the deal were not disclosed. “CallRevu has always admired CallSource — we share a common focus on service. This investment was an easy decision as it provides an opportunity for us to deliver greater innovation, insights, and value to our collective customers — reinforcing […] [Read More]

More evidence arrived on Tuesday reinforcing why franchised dealerships are integral cogs in their community economic engines. According to the annual economic impact report compiled by Autos Drive America and the American International Automobile Dealers Association, the 9,400 international nameplate automobile dealer franchises across the country utilize 542,000 direct employees. Furthermore, the report also highlighted […] [Read More]

So much for an extended reprieve from soaring wholesale prices. Black Book reported on Tuesday that its Used Vehicle Retention Index for August nearly hit a new record for the second time in the past three months. [Read More]

A well-known name in Hollywood is rallying to help New Jersey auto dealers and their work on positively impacting the lives of ill children all over the country.  Rosario Dawson, well known for her roles in projects such as "The Mandalorian", "Top Five", "Rent", and "Sin City" — and to be seen in the upcoming Hulu […] [Read More]

Stellantis is making an executive move for its Chrysler brand. Christine Feuell, who was previously chief commercial officer at Honeywell Safety and Productivity Solutions, will become the new Chrysler brand CEO on Monday. . The new Stellantis hire will report directly to Stellantis CEO Carlos Tavares. "Christine heading Chrysler is great news for Stellantis, and I'm convinced that she […] [Read More]

Cross-border vehicle trading platform TRADE X said Tuesday it has reached a deal to buy Techlantic Ltd., a vehicle trading, redistribution and financing company based out of Ontario. Terms of the deal, which closed on Aug. 31, were not disclosed. Last week, TRADE X announced it had closed a financing round in late July. “The TRADE […] [Read More]

Joseph Cioffi, partner at Davis+Gilbert and orchestrator of the Credit Chronometer, returned for another episode of the Auto Remarketing Podcast; this time recorded in person during the Non-Prime Auto Financing Conference hosted by the National Automotive Finance Association. Cioffi and senior editor Nick Zulovich didn’t focus as much on credit or securitizations. Instead, they discussed […] [Read More]