Washing your car, your dishes, even yourself, seems like a positive and prudent experience. However, credit washing — especially in auto finance — is making quite a mess for lenders, according to new analysis from TransUnion on Thursday. TransUnion said fraud-related charge-off losses in auto lending are not only significant, but they are also dramatically […] [Read More]

Northern Roads Auto Group is now the proud owner of Canada’s oldest Toyota dealership. The Niagara Falls-based dealership group has acquired Bill’s Toyota in Fort Erie, Ontario, from the Pasincky family, which founded the business in 60 years ago, according to Performance Brokerage Services Canada, which brokered the deal. The store opened in 1965 as […] [Read More]

For big companies in big cities, cybersecurity is a big concern. Just ask Jaguar Land Rover, whose factories are still shut down following an incident last month, or Google and Salesforce, victims of a recent data breach. And, of course, there was last year’s ransomware attack on dealership software provider CDK Global, which sent shockwaves […] [Read More]

Authenticom Group of Companies has added Jeremy Potvin as director of digital strategy, a hire the company said reinforces its commitment to strategic execution and leadership in its digital ecosystem. Authenticom cited Potvin’s two decades of experience “at the intersection of brand development, technology and storytelling,” noting he built and scaled consumer brands in the […] [Read More]

A top dealership in the San Francisco Bay Area now has a new owner. Bakhtiari Auto Group has acquired Acura of Fremont in Fremont, Calif., from Bruce Kavich, according to Haig Partners, which advised the seller in the transaction. In a news release, Haig said Acura of Fremont is one of the top-performing Acura dealerships […] [Read More]

Evidently the investment world isn’t completely sour on subprime auto financing despite what’s transpired in the industry segment recently. On Wednesday afternoon, Global Lending Services (GLS) announced it has entered into a definitive agreement to be acquired by Sixth Street, a global investment firm. According to a news release, chief executive officer Steve Thibodeau and […] [Read More]

After sharing top-line metrics from last week — wholesale values falling another 0.49%, auction conversion rates ticking up to 56%, and the estimated used retail days to turn staying at roughly 36 days — Black Book got into a discussion about 2023, 2024 and 2025 models. Black Book began this portion of Market Insights by […] [Read More]

DRN, MVTRAC and Secure Collateral Management (SCM) made multiple moves recently to enhance their services to auto-finance companies and their relationships with repossession agents. First, DRN and Loanbridge formed a partnership, as Loanbridge data is now integrated into DRN’s monitoring, verification, and recovery (MVR) program. It’s meant to deliver earlier visibility into at-risk vehicles for […] [Read More]

The National Automobile Dealers Association announced its leadership for 2026, with vice chairman Rob Cochran set to become chairman and Sandy Fitzgerald Angello as the new vice chairman. The new officers were elected by the NADA board of directors during the board’s meeting this week. The new terms will begin at the NADA Show, set […] [Read More]

Cities are partnering with the auto industry and autonomous/remote-controlled car technology providers to help solve transportation problems for residents, said panelists representing some of those municipalities and companies at the MOVE America conference here Sept. 23-24. MOVE America is a mobility and tech event that offers a platform for auto and technology companies, tech-savvy individuals, […] [Read More]