AutoCanada's recently formed Used Digital Retail Division has purchased Ontario independent used-car dealership Haldimand Motors, the retailer said Tuesday.   The purchase is part of the company's previoulsy announced Used Digital Retail Initiative and will become part of AutoCanada's new Used Digital Retail Division.  The company aims for its Used Digital Retail Division to lift […] [Read More]

Stating it will help its members gain trust in any transaction completed through its platform, online vehicle maintenance and repair marketplace CarAdvise has launched a 12-month/12,000-mile warranty. The warranty is an addition to the company’s “Happiness Guarantee.” Called “12month/12k,” the program will guarantee complete satisfaction with all materials and workmanship on all CarAdvise transactions across […] [Read More]

A new Enterprise Holdings initiative will address three social and racial equity gaps that the company says need urgent attention: early childhood development, youth health and wellness, and career and college preparation. Through the Enterprise Holdings Foundation, Enterprise Holdings says it is boosting its focus on diversity, equity and inclusion. The company will do that […] [Read More]

The chair of the Federal Communications Commission plans to leave the regulator when the next president is inaugurated. On Monday, FCC chairman Ajit Pai announced that he intends to leave the agency on Jan. 20 after holding the chair position for the past four years following an appointment by President Trump. Pai first became an […] [Read More]

CDK Global was part of the parade of merger and acquisition announcements to surface following Thanksgiving weekend. On Monday, the provider of dealer management systems and integrated information technology solutions to the automotive retailing and adjacent industries announced the execution of a definitive agreement to sell its CDK International business segment (CDKI) to Francisco Partners […] [Read More]

Through a new partnership, digital vehicle logistics marketplace Autosled will provide exclusive transport support for 20 Group Dealer Trades, a dealer-direct platform that enables dealers to turn reconditioned inventory. Autosled will provide that service for the new and used cars traded among 20 Group Dealer Trades members. Autosled provides dealers, transporters, auctioneers, brokers and individuals that […] [Read More]

A day before Thanksgiving, Hertz Global Holdings announced that it has entered into a stock and asset purchase agreement to sell substantially all of the assets of its wholly owned subsidiary, Donlen Corp. However, a bankruptcy court has to approve the deal that could be valued as much as $875 million. Should the deal go […] [Read More]

Earlier this month, Capital One and Oxx were among the investors to inject $13 million in funding into Lightico. Now the provider of the platform built so customers can interact digitally with auto-finance companies and other financial services firms is looking to use those financial resources to continue to cultivate its client base. Lightico recently […] [Read More]

S&P Global and IHS Markit highlighted nine reasons why the definitive merger agreement they announced on Monday is going to be beneficial for stockholders and the clients that use their automotive and finance data. According to a news release, S&P Global and IHS Markit will combine in an all-stock transaction that values IHS Markit at […] [Read More]

J.D. Power has closed its purchase of ALG, a deal first announced in August. The company said in a news release Monday that acquisition of the TrueCar subsidary "will dramatically broaden its vision of automotive residual value forecasting, especially important as the industry prepares to launch a wave of new electric vehicle (EV) models and […] [Read More]