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Brookfield to Acquire CDK Global in $8.3B deal

BROOKFIELD NEWS, April 07, 2022 – Brookfield Business Partners (NYSE: BBUC, BBU; TSX: BBUC, BBU.UN), together with institutional partners (collectively “Brookfield”) today announced an agreement to acquire CDK Global Inc. (NASDAQ: CDK) (“CDK Global” or the “Company”) for $54.87 per...

April 7, 2022

This March, the Lucy Credit Decisioning Platform staff was in Whistler with the Quebec Dealer Association

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This March, the Lucy Credit Decisioning Platform staff was in Whistler with the Quebec Dealer Association

André-Martin Hobbs and Annabelle Barrette, our DecisioningIT ambassadors, returned home yesterday after spending a few days in Whistler with the Quebec Dealer Association (CCAQ – Corporation des concessionnaires automobiles du Québec) and members from the Canadian Automobile Dealers Association (CADA) such as Tim Reuss, Huw Williams, Tim Ryan...

March 27, 2022

As auto prices soar, more buyers take out 6½- and 7-year loans

Automotive Finance Latest News

As auto prices soar, more buyers take out 6½- and 7-year loans

Source: CNBC – Phil LeBeau. The surge in auto prices in the second half of 2021 has pushed more consumers to take out auto loans that stretch beyond six years, according to a new report analyzing how millions of consumers...

February 25, 2022

Cox Automotive reaches finance-company milestone with titling tool

Automotive Finance Latest News

Cox Automotive reaches finance-company milestone with titling tool

ATLANTA, Feb. 23, 2022 /PRNewswire/ — Cox Automotive announced today it reached a new milestone with the addition of its 100th lender to Dealertrack Accelerated Title®. In a typical year, these 100 lenders originate nearly 60% of the auto loans in market.1 This combination...

February 23, 2022

The Lucy F&I Platform is now a Quebec Dealer Association Partner!

Car Dealerships F&I Latest News

The Lucy F&I Platform is now a Quebec Dealer Association Partner!

Montreal, February 2, 2022 – We are pleased to announce a new collaboration between the Quebec Dealer Association – CCAQ and Lucy, the artificial intelligence-powered F&I assistant! “I am extremely pleased with this collaboration because it demonstrates the legitimacy and...

February 2, 2022

Keyloop acquires leading DMS provider SERTI to offer full service automotive digital solutions across Canada

Car Dealerships Latest News

Keyloop acquires leading DMS provider SERTI to offer full service automotive digital solutions across Canada

1st February 2022. Keyloop, a global automotive retail technology provider, has today announced the acquisition of SERTI, a leading provider of Dealer Management Systems (DMS) in Canada. As its sixth acquisition since launching in March 2021, this marks another step forward in...

February 1, 2022

Why car dealers are investing in AI technology for business growth – Peter Kahn | CDK Global

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Why car dealers are investing in AI technology for business growth – Peter Kahn | CDK Global

Source: CBT News – Artificial Intelligence, or AI, is changing the way many in the industry navigate retail automotive, and dealers are seeing the benefits. According to a recently released study from CDK Global, approximately 68% of dealerships believe the adoption of artificial...

January 13, 2022

Dealertrack’s Auto financing availability ticks slightly higher to finish 2021

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Dealertrack’s Auto financing availability ticks slightly higher to finish 2021

ATLANTA – Autoremarketing.com Well, perhaps auto financing is starting to look more like it did before the pandemic wreaked havoc on so much of our daily lives. Cox Automotive said that access to auto credit expanded slightly in December, based on the Dealertrack...

January 12, 2022

Bloomberg’s Kevin Tynan shares his auto industry predictions for 2022

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Bloomberg’s Kevin Tynan shares his auto industry predictions for 2022

Much has taken place throughout the past year in retail automotive; from record acquisitions to the continued ‘chip-demic’. Throughout it all, dealers have remained profitable. On today’s show, we’re pleased to welcome Kevin Tynan, Bloomberg Intelligence’s Senior Automotive Analyst, who stays up...

December 31, 2021

Cox Automotive Canada has new leadership with Ola Ajayi-Salako

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Cox Automotive Canada has new leadership with Ola Ajayi-Salako

By Auto Remarketing Canada Staff – MISSISSAUGA, Ontario – Cox Automotive Canada has new leadership. On Monday, Cox Automotive announced that Ola Ajayi-Salako has been promoted to senior director, agile delivery, and will act as the site leader for Cox Automotive Canada,...

December 14, 2021