Agora Data recently surveyed 114 independent auto dealers whose titles included owners, general managers, sales managers and finance managers. The company sought clarity about the biggest obstacles to closing more deals that need the participation of lenders for financing. The non-prime auto fintech platform discovered the challenges are not always external, saying, “Instead, they are […] [Read More]

Almost a week after Canada Day, Trust Science and TD celebrated in another way. The artificial intelligence-powered credit decisioning and risk management platform announced on Tuesday that it has entered into a bank-wide master services agreement with TD. According to a news release, TD will initially start by using Trust Science’s income verification and reporting […] [Read More]

Wholesale vehicle values in Canada fell 4% in the first half of the year, but the second half is likely to show slower declines that the same period of 2025, according to a report last week from Canadian Black Book. The CBB Used Vehicle Retention Index came in at 128.0 for June, down from 129.7 […] [Read More]

It makes sense that professional athletes sometimes find post-playing careers or other business opportunities in auto retail. The car business, like sports, relies on teamwork, having a game plan and clock management. But the potential synergy between the two is perhaps not fully realized or always intentionally planned. That’s what Dave Cantin Group, whose leadership […] [Read More]

The used-car market has never moved faster. Inventory is organized in real time, financing can be completed before a buyer sets foot in a dealership, and the overall purchase experience is more streamlined than it has ever been for many buyers. But one part of the process hasn’t kept up. Title, lien, and ownership verification […] [Read More]

Hendrick Automotive Group didn’t have to travel far to add a bit of Europe to its lineup. The North Carolina-based dealership group, said to be the largest privately owned auto retailer in the U.S., has acquired Foreign Cars Italia Charlotte and Foreign Cars Italia Greensboro. Hendrick, which is headquartered in Charlotte, purchased the stores from […] [Read More]

The auto world is expanding in the collector-car space, too. Barrett-Jackson recently hosted its inaugural Columbus Auction at the Ohio Expo Center & State Fairgrounds. The event featured 550 collectible vehicles that generated more than $37 million in auction sales with 100% sell-through. According to a news release, two vehicles sold for a combined $240,000 […] [Read More]

Mobility Global Inc. — which includes such brands as CARFAX, automotiveMastermind, Polk Automotive Solutions and Market Scan — has completed its spinoff from S&P Global Inc. Shares of Mobility Global, now an independent, public company, began trading Wednesday on the New York Stock Exchange under the “MBGL” symbol. “For over 100 years, we have had […] [Read More]

The latest analysis from Edmunds uncovered multiple new-vehicle financing trend lines reaching new peaks during the second quarter. They also spotted records in the used-car financing space, too. Edmunds explained all the activity stems from shoppers taking on larger and longer loans to combat affordability challenges in the car market. Here’s what Edmunds reported just […] [Read More]

America’s Auto Auction has made its seventh acquisition of the year, announcing that it has purchased Dealers Auto Auction of the Rockies. It represents America’s first location in Colorado and follows the group’s acquisition of the auction’s sister location, Dealers Auto Auction of Phoenix, earlier this year. “This acquisition represents a meaningful step forward in […] [Read More]