HiveAuto has appointed Victor Young to its board of directors. The parent company of Slydyn, a consumer-centric technology designed to enable drivers to compare availability and book dealership service digitally, said Young will serve as a strategic advisor in that capacity, working with Slydyn’s leadership team on product evolution, dealer engagement and long-term growth strategy. […] [Read More]

The American Recovery Association (ARA), the Alliance of Illinois Repossessors (AIR) and DRN|MVTRAC|SCM president Jeremiah Wheeler are all involved in what they see as “a serious threat to the entire repossession industry” that started as a local issue in Illinois and now spreading to Michigan and Indiana. According to a message distributed this week by […] [Read More]

There’s an interesting dynamic happening now in the electric vehicle market. Sales are down. But customer satisfaction has never been higher. According to JD Power’s 2026 U.S. Electric Vehicle Experience Ownership Study, overall satisfaction among current battery electric vehicle owners is at the highest level in the study’s six-year history, reaching an average ownership index […] [Read More]

This week, Heritage Auto Leasing announced expanded capabilities and broader availability of LoanSwift, its proprietary deal funding automation platform, now fully configured to support both auto lease and retail loan transactions and available as a standalone solution to all auto lenders. Originally developed to power Heritage’s credit union leasing programs, executives said LoanSwift has been […] [Read More]

While bankers are concerned about competitive pressures intensifying — particularly from credit unions — raising fears about market balance, the latest survey from IntraFi showed executives seeing multiple positive trends across the banking sector. Survey findings from the fintech firm released on Wednesday indicated nearly half of banks said loan demand improved in 2025, and […] [Read More]

It’s the puzzle that dealerships and finance companies have had to solve since the start of awarding credit to deliver a vehicle. You likely must have a car to get a job, and you likely have to have a job to get a car. With that situation and more in mind, experts at Cox Automotive […] [Read More]

AutoCanada’s interim CEO is interim no more. Sam Cochrane, the chief financial officer who has been serving in the top executive position since former executive chairman Paul Antony’s departure in October, has been named CEO of the Edmonton-based dealership group. AutoCanada made the move official with an announcement Wednesday. Cochrane will continue as CFO — […] [Read More]

Much about the auto industry these days is volatile. The franchise dealership network, on the other hand, has remained remarkably stable. In its 2025 Year-End Automotive Franchise Activity Report, Urban Science reported the number of franchise stores was up last year, but by just 24 rooftops, rising to 18,398 from 18,374 in 2024. The report […] [Read More]

If the December numbers for Costco Auto’s certified pre-owned and select pre-owned programs were very good, the January numbers were eye-popping. After demand for CPO and SPO vehicles held steady through much of 2025, Costco reported a strong 10% year-over-year jump in December. That jump transformed into a giant leap in January, when Costco member […] [Read More]

The son of Kunes Auto & RV Group’s owner is stepping away from the company. Scott Kunes is leaving his role as chief operating officer of the Wisconsin-based business “to pursue new entrepreneurial opportunities and personal aspirations,” the company said in a news release. The company said Kunes helped guide it through “a transformative period”, […] [Read More]