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]

Experian chief innovation officer Kathleen Peters explained it this way. Our digital world is “a clear convergence between consumer expectations and business priorities.” Experian recently released its 11th annual Identity and Fraud Report, highlighting how artificial intelligence is transforming the digital economy while simultaneously creating new opportunities for fraud. The findings point to a growing […] [Read More]

The positive bump from federal tax refunds on auto securitizations evidently faded notably as this year has moved along. Fitch Ratings reported last week that performance in U.S. auto loan ABS softened during the first half of this year following a temporary tax-refund boost. Analysts spotted delinquencies and losses moving higher year-over-year. According to its […] [Read More]

They may have faced similarly challenging environments in the second quarter, but the six publicly traded dealership groups had earnings results that “varied widely,” according to the Q2 2026 Public Auto Retailer Results analysis from The Presidio Group. And while the report delves into the wide spectrum of operational results, “one of the clearest examples of divergence” […] [Read More]

The latest move in this summer’s notable development push by Yotta Automated Software Solutions (YASSI) is a physical location in the Windy City. This week, the enterprise vehicle intelligence platform opened its technology innovation center in Chicago, extending the company’s investment in the infrastructure and people behind its growing national platform. Located at Two Prudential […] [Read More]

Cox Automotive recently hosted its 2026 Top Tech Finals, bringing the top technicians from the company’s Cox Fleet and Manheim business units for an annual skills competition for technical excellence. Nearly 900 technicians participated in the initial qualifier exam, then competitors went through five regional competitions throughout the U.S., competing in light/medium-duty, heavy-duty and trailer […] [Read More]