Perhaps now small credit unions can tap the same technology leveraged by their much larger competitors. On Wednesday, Commonwealth Credit Union (CCU) and Zest AI launched what the organizations see as a first-of-its-kind credit union service organization (CUSO) created specifically to help small credit unions adopt and deploy advanced artificial intelligence-powered lending technology. Designed with […] [Read More]

Experian’s latest survey showed nearly 9 in 10 dealers are concerned about fraud. Another dealer survey by eLEND Solutions revealed how justified that concern is: nearly 80% of dealers have seen growth in fraud-related activities during past 24 months. Plus, eLEND reported nearly half of dealers in its survey have lost four or more cars to […] [Read More]

Experts continue to see mixed signals about employment and the job market; perhaps exacerbating the ongoing conundrum finance companies have about keeping their auto portfolios healthy and adding new paper. The U.S. Bureau of Labor Statistics reported on Wednesday that total nonfarm payroll employment rose by 130,000 in January, and the unemployment rate “changed little” […] [Read More]

Wholesale auction sales started the year on a high note, with particularly good signs showing up in segments that lean heavily toward off-rental and off-lease. According to AuctionNet data from the National Auto Auction Association, there was a 2.2% year-over-year spike in January for auction sales, adjusting for selling days. Compared to December numbers, they […] [Read More]

Here’s some good news: Used-vehicle gross profit for AutoNation was up 5% for the year of 2025, and that reflected increases in used retail and used wholesale, said AutoNation chief financial officer Tom Szlosek. Retail profitability per unit for the year was in line with 2024, but the not-so-good news is that it was modestly […] [Read More]

General Motors Canada finished what it started. After the automaker’s rise in electric vehicle sales took it to the top spot among EV sellers for the first half of 2025, GM Canada announced it was No. 1 for the full year, according to S&P Global Mobility’s data on Canadian new vehicle total registrations. S&P’s numbers […] [Read More]

A month after a market correction led to its largest drop in a year and a half, Canadian Black Book’s Used Vehicle Retention Index went the other way in January. The index inched upward 0.4 points to 133.5 points to open 2026, a rise that followed a 2.8-point fall in December that offset the early […] [Read More]

This episode of the Auto Remarketing Podcast takes listeners back to the 2025 Used Car Week Hall of Fame induction ceremony. Hear Jerry Kroshus, Becky Igo and Kathy Ruble share their reaction to being the next three executives who were honored, having played an important role in the development, growth and success of Used Car […] [Read More]

Cherokee Media Group has announced the addition of the Florida Independent Automobile Dealers Association as a partner in its inaugural Used Car Industry Summit, set for April 13-15 in Miami. As part of this partnership, FIADA member dealers will be able to attend UCS for free. “Dealers are the backbone of the used-car ecosystem, especially […] [Read More]

Northwood University and the National Automobile Dealers Association announced a new education partnership aimed at expanding access to undergraduate and graduate degree programs for franchised car and truck dealers, their employees and their families. The partnership provides tuition discounts and scholarships designed to support leadership development in the auto retail industry, the organizations said. “This […] [Read More]