Change is a constant in the car business. Just not when it comes to J.D. Power’s Canada ALG Residual Value Awards. For the seventh consecutive year, Toyota claimed the top prize among mass-market brands, while its sister brand Lexus was No. 1 among premium brands for their 2026 model vehicles’ residual value. The awards recognize […] [Read More]

Things are looking up at Canadian auto auctions. Especially the sale rates. According to Canadian Black Book’s latest Market Insights report, the average auction conversion rate for the week ending Jan. 10 was 50.8%, varying between 23.7% and 95%. It marked the first time the average peeked its head over 50% since Sept. 20, when […] [Read More]

It’s a question any business must answer, but it’s especially important in auto finance. How do you balance growth and risk? A trio of industry executives — Mike Goins of TD Bank, Jeff Marsh of Millennium Capital and Recovery and Kenn Wardle of Arra Finance — answered that question and more during an engaging conversation […] [Read More]

The Jeff Wyler Automotive Family has taken a giant leap into the luxury car sector. The Cincinnati-based dealership group has acquired Midwestern Auto Group from Mark Brentlinger, adding 14 dealerships — most representing premier brands — in six locations grouped together in the Columbus suburb of Dublin, Ohio to the Wyler portfolio. The deal, worth […] [Read More]

automotiveMastermind announced it has launched Command Center, the first of several new products it plans to unveil at the upcoming NADA Show. The data and technology provider said Command Center is a homepage-style dashboard powered by real-time data and predictive analytics and designed to help sales and BDC teams streamline daily workflows and close more […] [Read More]

If you’re looking for some calm in the car business nowadays, perhaps the wholesale market is the place to go. Black Book experts used “stable” multiple times in their newest Market Insights released on Tuesday that showed wholesale depreciation “remained mild” last week.  Black Book reported values decreased 0.37% versus a pre-pandemic average of 0.54%. […] [Read More]

Purr founder and CEO Chris Schellenberger opened Used Car Week 2025 on the Live Stage presented by SYCN Auto Logistics. Schellenberger, whose unique business model offers a retail consignment platform for repossessed vehicles, discussed what the repo industry could be like this year in both the United States and Canada. His conference conversation with Cherokee […] [Read More]

Tracy Noonan Fred, a veteran of more than 30 years in the auto industry, has joined FordDirect as chief operating officer. Fred will work with Chris Thornton, who took over as CEO in November, in leading the joint venture between Ford Motor Company and its dealers in its mission to integrate digital strategy, data and […] [Read More]

Randy Kobat is the newest executive at Lotlinx, as the company on Wednesday appointed him as its chief commercial officer. Kobat comes to Lotlinx after most recently serving as president of Repair OnDemand, a division of Repairify backed by Kinderhook Industries. Lotlinx highlighted that Kobat brings decades of executive leadership experience across automotive software and […] [Read More]

Lease End, a platform designed for simplifying the vehicle lease buyout process, on Tuesday announced record-breaking results for 2025, which included revenue growing by 60% year-over-year and 1,559% since 2021. The company said it helped more than 19,000 lessees unlock $108 million in equity and $73 million in savings during the lease-return process. Lease End […] [Read More]