Fellow Millennials, brace yourselves. There are now TWO younger generations who are driving. The eldest members of Generation Alpha have turned 16, and unlike many of their Gen Z predecessors, they’re ready to hit the open road, according to new research commissioned by CarMax. Among Gen Alpha teens ages 14-16, 80% already have their driver’s […] [Read More]

Coinciding with maintaining profitability since going private in January, TrueCar has landed newest credit union partners, including one that’s considered the second-largest credit union in the U.S. Linking with TrueCar as partners are State Employees’ Credit Union (SECU), which has more than $60 billion in assets, and Affinity Federal Credit Union, which has $4.35 billion […] [Read More]

The California New Car Dealers Association Foundation has partnered with ASE Connects to help dealerships in the Golden State cultivate relationships with schools and students that are building the foundation of the automotive technician workforce. ASE Connects, part of the National Institute for Automotive Service Excellence, is a network of shops, dealerships, instructors and students […] [Read More]

Lithia & Driveway has hired the former president and CEO of Toyota Financial Services, Scott Cooke, as an operations president. In a news release Tuesday, Lithia said Cooke will head up performance across the Southeastern and South Central store operations, Driveway Finance Corp. and F&I operations. “Scott is a perfect cultural fit and proven leader […] [Read More]

As the average U.S. FICO score has held steady, the auto-finance portion of the fall edition of the FICO Score Credit Insights report released on Tuesday revealed a slightly different situation. Analysts indicated the average FICO core for newly issued auto finance loans slipped to 716 in April from 723 in April of last year. […] [Read More]

As total Canadian consumer debt approached $2.7 trillion after the second quarter, Equifax Canada indicated on Monday consumers remain cautious about making vehicle purchases. However, Equifax Canada’s Q2 2026 Market Pulse Quarterly Consumer Credit Trends and Insights showed the automotive sector regained some seasonal momentum. Analysts determined outstanding auto loan balances — representing loans from […] [Read More]

“Vaughan” has added a “Vaughn” to the family. Boerne, Texas-based Vaughan Automotive, led by Shawn Vaughan, has acquired Tommie Vaughn Ford in the Houston area. (To recap: Same state, but slightly different spellings of similar last names.) The deal was announced by Kerrigan Advisors, who advised the Janke family, which was the seller in the […] [Read More]

Black Book said Monday it has hired a former Ally and Flagship Credit Acceptance executive as vice president and head of residual strategy. Appointed to this newly created executive leadership role is Scott Fontaine, who will lead the company’s residual value modeling and predictive valuation strategy in both the U.S. and Canada. Fontaine will report […] [Read More]

America’s Auto Auction has made its 23rd acquisition in the last three years. The company said it has purchased Victoria Auto Auction in South Texas, bulking up its presence in the Lone Star State. “Twenty-three acquisitions in three years is a reflection of our commitment to building one of the strongest auction networks in the […] [Read More]

When he spoke to Auto Remarketing in late summer, National Auto Auction Association executive director Paul Lips had just returned from a trip to the U.K. to visit NAAA’s sister organization, the National Organization of Motor Auctions (NAMA), and attend its board meeting. “And I think I would say they’re ahead of us (digitally) only […] [Read More]