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AutoVerify partners with iA Dealer Services

LONDON, Ontario – Source: AutoRemarketing Canada. AutoVerify announced earlier this month that it has integrated iA Dealer Services products into its AutoVerify Spotlight piece of its digital merchandising solution. This partnership is designed to help dealers boost F&I penetration. AutoVerify said it...

November 30, 2021

Andre-Martin Hobbs of DecisioningIT Named as a Top 100 Auto Finance Innovator in 2021 Auto Finance Innovators Award

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Andre-Martin Hobbs of DecisioningIT Named as a Top 100 Auto Finance Innovator in 2021 Auto Finance Innovators Award

November 17, 2021 – DesisioningIT announced today that Andre-Martin Hobbs has been named as a Top 100 Auto Finance Innovator in the 2021 Auto Finance Innovator Awards which recognizes auto finance professionals who have made significant technological contributions to their...

November 17, 2021

The Lucy F&I Platform is now connected to D2C Media and Serti DMS

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The Lucy F&I Platform is now connected to D2C Media and Serti DMS

Let’s all celebrate over two new Lucy F&I Platform connections! Lucy is now linked to D2C Media inc, so leads generated by D2C-powered websites are routed to Lucy. In addition, the D2C CRM can now transfer clients to Lucy! Lucy can...

November 1, 2021

Vroom to buy United Auto Credit for $300M

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Vroom to buy United Auto Credit for $300M

NEW YORK – Another blockbuster acquisition in the used-car space surfaced Tuesday, this time involving both the retail and auto finance segments. Vroom said it has reached a deal to purchase United Auto Credit Corp. for $300 million in cash, subject to...

October 12, 2021

Cox Automotive to transition Canadian reporting structure into US operations

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Cox Automotive to transition Canadian reporting structure into US operations

(AutoRemarketing) Cox Automotive confirmed in a statement Tuesday that it is moving its Canadian reporting structure into its U.S. operations as part of plans to “simplify its structure for local and global customers.” Maria Soklis, who is president for Cox Automotive...

September 28, 2021

CDK adds insurtech platform with latest acquisition

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CDK adds insurtech platform with latest acquisition

The latest acquisition by CDK Global will give dealers an avenue to digitize another piece of the car-buying process: lining up car insurance for the consumer. CDK said Thursday has signed a deal to purchase insurtech company Salty Dot, Inc.,...

September 25, 2021

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Reviving From the Pandemic

Key learnings from Equifax’s Q2 2021 Credit trends and economic insights. Equifax recently posted their Q2 credit trends and their introduction went as follows: “Mortgage volumes are the highest they’ve ever been in a single quarter. Non-mortgage credit demand is...

September 20, 2021

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EBlock buys TradeHelper & ESP Auctions

EBlock, a leader in the automotive auction industry and sub-brand of parent company, E INC, today announced the acquisition of TradeHelper, a dealer-to-dealer digital auction marketplace, along with its parent company, ESP Auctions, an independent auction located in Montreal. “This move...

September 8, 2021

Cox Automotive enters the EV battery business

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Cox Automotive enters the EV battery business

By Kimberly Hurley (CBT NEWS) -September 6, 2021 Cox Automotive Mobility announced on Wednesday that it had acquired Spiers New Technologies (SNT), which is a leader in electric vehicle battery lifecycle management. Cox Automotive has been quite clear that it wants to be a...

September 6, 2021

Retrospective: Top 25 finance companies findings from 2020

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Retrospective: Top 25 finance companies findings from 2020

SCHAUMBURG, Ill. (Subprime Auto Finance New) — The auto-finance industry’s appetite for the highest-risk paper declined in 2020. According to Experian’s Q4 2020 State of the Automotive Finance Market report, analysts discovered deep subprime originations of all contracts booked in...

August 31, 2021