Subaru Canada Inc. (SCI) has new leadership. The automaker on Monday introduced Yoichi Hori as chairman, president and CEO. Hori replaces Tomohiro Kubota, who served in this capacity for three years and four months. “SCI wishes to thank Kubota for his dedication and transformative leadership throughout his tenure,” the company said in a news release. […] [Read More]

Ken Garff Automotive Group has made its first acquisition of 2026. The Salt Lake City-based dealer group said Monday it has purchased Volkswagen SouthTowne from Susan Watkins, who bought the store in 1989 with her late husband Tom Watkins. The dealership, located in South Jordan, Utah, will be renamed Ken Garff Volkswagen Southtowne. The deal […] [Read More]

Optimism while watching four potential headwinds. That’s the summary of new snapshot survey about the state of automotive financing from Credit Union Leasing of America (CULA). The project reveals increased credit union optimism compared to last year about their auto-finance portfolio growth, while also exposing concerns about rising vehicle prices, financial uncertainty, delinquencies and inflation. […] [Read More]

Arra Finance announced via social media the addition of a new chief growth officer whose industry experience dates to 1994. Now holding the role for the company that came to be via the acquisition of Crescent State Bank’s auto-finance operation is Bill Nemecek, who is bringing more than 25 years of experience across automotive finance, […] [Read More]

EFG Companies last week delivered what the provider of F&I development, training, product development, compliance, and product administration is hoping to be a positive jolt for dealerships. The company introduced Lifetime Start Battery Protection, what EFG sees as a high-impact F&I solution designed to turn one of the most common ownership frustrations — dead batteries […] [Read More]

Strong but normalizing. That’s how analysts with Black Book and Cox Automotive characterized wholesale vehicle values in May, as the fast start to the year gives way to seasonal changes and high gas prices. “The spring market outperformed historical expectations this year, extending for roughly 15 weeks compared to the six-week average seen prior to […] [Read More]

TrueCar announced two hires Thursday to boost its automaker partnerships and help build out its insurance vertical, respectively. The company named former Fair.com, Esserman Automotive Group and Land Rover North America executive Syl Raymond as senior director of OEM and has appointed former Tesla and Marsh executive Nik Huyeng as vice president of insurance and […] [Read More]

Fusion Auto Finance shared monthly performance details that’s positive for not only vehicle leasing, but perhaps the used-car business, too. The company said its flagship CU Xpress Lease program generated the strongest month in its history in April, including a year-over-year increase in booked leases of 115%. And Fusion pointed out April wasn’t just an […] [Read More]

Dealerships have invested heavily in technology designed to improve customer engagement, marketing performance, service retention, and operational efficiency. Most stores are not short on tools. They have CRMs, DMS platforms, website providers, marketing automation systems, service schedulers, equity mining tools, and reporting dashboards. The issue is that too much customer information still lives in disconnected […] [Read More]

Along with adding two new member companies to the board of directors, the National Automotive Finance Association also held its annual membership meeting to pick its 2026–2027 executive committee leadership. Selected during the 30th annual Non-Prime Auto Financing Conference this week in Irving, Texas, were: —Chair: Suzi Straffon, director of finance company markets at Allied […] [Read More]