Axis Auto Finance has taken its latest step toward going away. The Mississauga-based direct-to-consumer subprime lender, which sold its auto finance business to Fionic Canada in December, announced it has completed the process of going private by consolidating the company’s common shares so all shareholders other than president Ilja Troitschanski held a fractional Axis common share. […] [Read More]

North American dealer-owned finance and insurance provider Tricor Automotive Group has joined with Signal Technologies in a strategic partnership designed to streamline and optimize Canadian dealers’ used-vehicle sales in the U.S. Tricor, based in Ontario, serves more than 220 Canadian dealerships, as well as U.S. dealers. In a news release, Tricor said partnering with Signal, […] [Read More]

Whether the dealership has only about 10 units or more than 1,000, managers now have an opportunity to make their used-car inventory more appealing through certification. Last week, Gold Standard Automotive Network and Trusted Sale announced a strategic alliance to introduce the Gold Standard Certified Used Car Program, a turnkey solution designed to enhance dealership performance by […] [Read More]

Agora Data’s Steve Burke is one of the most upbeat executives you can find in auto finance. When asked about his outlook for the car business during a conversation at the National Independent Automobile Dealers Association’s annual convention last week in Las Vegas, Burke didn’t hesitate to say 2026 could be one of the best […] [Read More]

In a business environment that seems uncertain and chaotic, auto dealer optimism is rising, according to the latest research from The Presidio Group. Despite concerns about tariffs and their effect on prices and the economy in general, The Presidio Midyear 2025 Dealer Direction Survey found 72% of the dealers surveyed said they expect profitability to […] [Read More]

A former college quarterback has scored his first victory as an NFL player before ever playing a pro game. Dillon Gabriel, the ex-Oregon star and Cleveland Browns third-round draft choice, has signed a major endorsement deal with the Chrysler brand and its Pacifica minivan. Gabriel, who finished third in the 2024 Heisman Trophy voting, famously […] [Read More]

The retail used-car market is proving to be a stable and solid force this year, especially the certified pre-owned segment, Cox Automotive said in its Mid-Year Review last week. On a week-to-week basis, used retail sales have consistently ... [Read More]

Fresh off landing $4 million in funding, AutoAcquire AI hired two key executives in the past week, bringing in experienced professionals who have been with organizations like CarMax and CarOffer. Announced in separate news releases before and after the weekend, tapped to be chief operating officer of the start-up vehicle acquisition software company was Frank […] [Read More]

Asbury Automotive Group’s selling spree continues. The Atlanta-based dealership group completed its third divestiture of the month with the sale of its Larry H. Miller Ford, Chevrolet and Stellantis dealerships in Provo, Utah to Salt Lake Valley Auto Group, a deal announced by sell-side advisor Kerrigan Advisors. Asbury sold Larry H. Miller stores in Lemon […] [Read More]

The global private equity upturn — which was taking shape last year and extended into a relatively upbeat first quarter of 2025 — is weakening as dealmaking and exits are hit by market and economic headwinds triggered by recent turmoil over tariffs. That’s the primary finding from Bain & Company through its 2025 Private Equity […] [Read More]