Subprime auto financing is getting much more complex, from underwriting to securitizations. Likely connected with fallout from last week’s Tricolor Holdings’ Chapter 7 bankruptcy, Credit Acceptance filed a Form 8-K with the Securities and Exchange Commission on Monday morning, addressing what it called, “select inquiries” it had received through Friday. First, Credit Acceptance responded to […] [Read More]

National Drive Electric Month is underway. The annual campaign to increase education and awareness about electric vehicles began Friday and runs through Oct. 12, with events planned in 41 states featuring EV test drives, vehicle showcases, informative workshops and other activities designed to illustrate the benefits of switching to an electric vehicle. “NDEM events are […] [Read More]

Even though used-car retail prices moved 6.5% higher in August versus the beginning of the year, CarGurus noticed demand for used vehicles remained strong last month. Those findings are two of the primary ones from the used market contained in CarGurus’ August 2025 Intelligence Report. CarGurus indicated time on the lot fell to a three-year […] [Read More]

Lendbuzz is going public. The financial technology company that utilizes artificial intelligence and machine learning algorithms to better assess consumer credit risk and expand access to credit when purchasing a vehicle, announced on Friday that it has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission relating to the proposed […] [Read More]

Auction Academy’s support from the auto remarketing industry continues to grow. TPC Management Company’s executive development program announced three additions to its network of 22 industry sponsors: AuctionNet, a provider of wholesale used vehicle remarketing data backed by the National Auto Auction Association’s 265 member auctions; transportation logistics company RunBuggy; and Pinnacle Remarketing Powered by […] [Read More]

Matt Leone has a vision for what DriveCentric will be — and it’s not just a CRM. The company’s new CEO announced a shift in its direction during a briefing with industry analysts, from a standalone CRM system to a “flexible platform designed to manage the entire dealership customer lifecycle,” DriveCentric said in a news […] [Read More]

The Clone Wars aren’t just in a galaxy far, far away. They’re right here on the roads in Canada. Cloned VINs are fact, not science fiction. According to data from Carfax Canada, VIN cloning — a type of auto fraud in which criminals copy legitimate vehicle identification numbers onto stolen vehicles — affects more than […] [Read More]

Hyundai Canada’s charitable foundation, Hyundai Hope on Wheels, took another big step toward its goal with $100,000 donation to the Alberta Children’s Hospital Foundation to support children and youth receiving cancer care at Alberta Children’s Hospital in Calgary. Hyundai Canada launched Hyundai Hope on Wheels in February, announcing plans to contribute $4 million to support […] [Read More]

On Thursday, KPA promoted one of its top executives to be CEO. The provider of environment, health, and safety and workplace compliance solutions announced the appointment of Michael Bruns as chief executive officer. KPA highlighted Bruns brings more than 30 years of executive leadership experience in the technology sector, with a proven track record of […] [Read More]

APCO Holdings got back into acquisition mode this week. The provider of F&I products and dealer solutions has acquired the assets of Lawley Automotive Dealer Solutions. The company said this acquisition demonstrates APCO’s commitment to protecting “what moves dealers” and further expands its market presence in the F&I industry. Lawley Automotive Dealership Solutions, based in […] [Read More]