Along with updating its most likely and severe recession scenarios for how wholesale prices might perform, Canadian Black Book began its latest COVID-19 update with what analysts declared to be “good news.” Canadian Black Book highlighted on Monday that those positive developments stemmed from what’s now happening in provinces like Ontario and Quebec. “While there […] [Read More]

Fair officially has a new chief executive officer. Bradley Stewart, former CEO of on-demand private aviation services platform XOJet, takes over for interim CEO Adam Hieber. Hieber, who will remain on Fair’s board of directors, will resume duties as a SoftBank Investment Advisers operating partner. He had taken on the interim CEO post in fall […] [Read More]

Tom Freiert, vice president and co-founder of automated imaging company Black Widow,  joins the Auto Remarketing Podcast and explains how the company’s “drive-through” vehicle imaging services are much like an augmented car wash and how the pandemic has driven demand for such services in the auto-auction business. “This digital revolution has been kind of knocking at […] [Read More]

JM&A Group’s in-house educational and training facility, the Performance Development Center, has expanded its offerings for dealers throughout the industry. JM&A Group said it was doing that after the successful launch of its initial free virtual training courses. Describing the response to its online, live training courses as “overwhelmingly positive,” JM&A created four new sessions, which […] [Read More]

Digital retailing platform Prodigy is offering a one-to-one concierge shopping service for online car buyers that it says provides online car shoppers the same hands-on experience they get on the showroom floor. Prodigy says the service, called Virtual Showroom, brings that experience to shoppers with the convenience of an Amazon-like checkout process from their homes. […] [Read More]

Autotech Ventures recently landed the second-largest funding amount in the five-year history of the venture capital firm that’s on tap to appear during this summer’s Automotive Intelligence Summit. Autotech Ventures announced the closing of its $150 million Fund II that will invest in early-stage startups with a focus on connectivity, autonomy, shared-use mobility, electrification and digital […] [Read More]

With some business segments slowly emerging from coronavirus pandemic shutdowns, Darwin Automotive announced major enhancements to its free COVID-19 support package to help auto dealers succeed in current market conditions. According to a news release distributed on Monday, the free tools include a secure fully integrated video conferencing platform. Darwin said it has also partnered […] [Read More]

The newest vehicle service contract product from AUL Corp., is designed to address the increasingly complex technology systems found in today’s vehicles, components that can cost thousands of dollars to repair or replace. AUL’s senior vice president of product development Jason Garner highlighted this new VSC aptly named AUL-Tech provides comprehensive coverage for vehicle features […] [Read More]

Auto/Mate says its addition of a remote signing feature to its eDEAL Signature Capture digital contracting tool can help its current eDEAL customers overcome adverse sales conditions and close more deals during state-by-state enforcement of COVID-19 shelter-in-place mandates. Auto/Mate, a business unit of DealerSocket, is offering the feature to its current eDEAL customers as a […] [Read More]

On Friday, the National Independent Automobile Dealers Association announced with “great sadness” the passing of senior vice president of member services Scott Lilja, an executive that NIADA described as a “giant in the used-vehicle industry." NIADA said Lilja, 58, passed away May 3 after a long battle with multiple myeloma. Lilja’s lengthy career in the […] [Read More]