Once the industry cleared the Fourth of July, buy-sell activity involving dealerships exploded like fireworks with Haig Partners and Performance Brokerage Services announcing transactions involving 13 stores in three states. Beginning with Haig Partners, the firm served as the exclusive sell-side advisor to Tom Dinsdale Automotive in the sale of its three dealerships to The […] [Read More]

The pool of consumers potentially falling into the subprime credit tier might grow by nearly 6 million individuals based on the trends connected with student loans recently highlighted by TransUnion. New research from TransUnion revealed that the number of consumers delinquent on student loans and at risk for entering default continues to climb less than […] [Read More]

Turo has reached a milestone. Or, rather, the car owners who use it have. The car-sharing marketplace, which bills itself as the world’s largest, said the total amount earned by Canadian car owners sharing their vehicles on the platform since its 2016 launch in Canada has surpassed $300 million. That represents “a significant injection” into […] [Read More]

In an often volatile market, Canadian wholesale used-car prices were remarkably stable — at least for a week. Values for the car segments tracked by Canadian Black Book’s weekly Market Insights report fell just 0.04% for the week ending July 5, but what’s more remarkable is how consistently flat they were. None of the nine […] [Read More]

Used electric vehicles are breaking sales records seemingly every week in both the retail and wholesale sectors. So it’s no surprise that two more fell in the second quarter of 2025. During its Q2 Manheim Used Vehicle Value Index call this week, Cox Automotive noted retail sales of used EVs for the quarter surpassed 100,000 […] [Read More]

ServiceUp, an all-in-one tech platform to help fleets and insurers manage vehicle repairs, has raised $55 million in Series B funding. According to a news release distributed on Wednesday, the round was led by PeakSpan Capital, with participation from existing investors Hearst Ventures, Trestle Partners, Capital Midwest Fund, and Litquidity Ventures. This brings the company’s […] [Read More]

For the second time in less than two months, Vehlo made an acquisition. The provider of integrated software and financial solutions for the automotive repair industry on Wednesday announced its acquisition of Total Customer Connect (TCC), a provider of customer retention and service lane technology for automotive dealerships. In late May, Vehlo acquired Dealer Pay, […] [Read More]

Perhaps some dealers didn’t rest much last week, which included the Fourth of July. With the holiday in mind, Black Book experts weren’t surprised when they assembled the newest wholesale data for their latest installment of Market Insights. Black Book reported overall wholesale values dipped by 0.25%, but last week’s auction conversion rate ticked up […] [Read More]

For agents, 50 states can mean as many as 50 different sets of regulations to follow when repossessing vehicles. To help them handle those potential complexities, the American Recovery Association launched what it called a “groundbreaking” resource on Wednesday. Called the 50-State Solution, it’s a comprehensive digital resource that provides updates about repossession laws and […] [Read More]

Santander Consumer USA wants to help more dealers reach potential buyers who need financing to complete delivery, so the company launched Drive Together, a digital retail tool and expansion of Santander’s Drive offering. According to a news release, the enhancement provides pre-qualification resources to support a broad range of customer and dealer needs. Santander said […] [Read More]