What a mess. That’s the summation this scribe arrived at on Thursday morning after combing through the outstanding reporting by outlets such as Bloomberg, The Financial Times and Reuters about the major development in the subprime auto finance industry you might already know. It’s the bankruptcy filing and potential investigation by the Department of Justice […] [Read More]

UVeye is making friends all over the auto industry. The company’s latest new pal is Dealer Tire, a tire distributor and service provider for franchise dealerships, which has joined in a partnership to integrate UVeye’s artificial intelligence-powered tire inspection technology with Dealer Tire’s inspections dashboard. In a news release, UVeye said the collaboration is designed […] [Read More]

ServiceUp has joined with fleet management company Merchants Fleet in a partnership that integrates ServiceUp’s all-in-one repair management platform with Merchants Fleet’s fleet services to deliver faster, more efficient repairs for fleet customers. The collaboration is designed to allow Merchants Fleet clients to manage all repairs in one centralized platform to minimize downtime, simplify operations […] [Read More]

A proposal on Capitol Hill strongly supported by the National Automobile Dealers Association is gaining steam again. Late on Wednesday, NADA said the Preventing Auto Recycling Thefts (PART) Act (H.R. 5221/S. 2238) was reintroduced in the U.S. House of Representatives. The U.S. Senate previously reintroduced the legislation in late July. NADA recapped this bipartisan bill […] [Read More]

Melinda Zabritski, Experian’s head of automotive financial insights, said consumers are looking for ways to secure more favorable vehicle financing terms, especially with interest rates leveling out and perhaps a cut coming next week from the Federal Reserve. The base for Zabritski’s assertion came via Experian’s State of the Automotive Finance Market Report: Q2 2025, […] [Read More]

Canadian wholesale used-vehicle values continued their downward trend last week. The market dropped 0.29% for the week ending Sept. 6, picking up speed from a 0.16% decline the previous week, according to Canadian Black Book’s weekly Market Insights report. Just one vehicle segment got above break even for the week — full-size crossovers/SUVs, which were […] [Read More]

In this panel discussion from Canada’s Used Car Week in June, Cherokee Media Group president Bill Zadeits talks with leaders from auto finance institutions about the most important metrics, trends and macroeconomic factors in the Canadian used-car landscape. They discuss topics like vehicle affordability, tariff impacts, leasing data, fintech and more. Listen to the episode […] [Read More]

Perhaps you, too, had a little trouble getting back in the swing of things after Labor Day weekend. Black Book spotted a similar scenario unfolding at the auction since wholesale values dipped by 0.21% and last week’s auction conversion rate ticked down to 61%. Meanwhile, dealers might not have had much of a holiday break […] [Read More]

Vaughan Automotive’s reputation isn’t perfect. But it’s darn close. The dealership group, which operates three locations in Texas and one in California, claimed the No. 1 spot in Widewail’s Q2 2025 Voice of the Customer Top 150 Automotive Group Rankings, a quarterly report that evaluates groups for excellence in customer reputation. Vaughan’s strong review volume […] [Read More]

OPENLANE has reached definitive agreements to repurchase 53% of the company’s Series A Convertible Preferred Stock, originally issued in June 2020, for cash consideration of about $559 million. In a news release, the digital wholesale used-vehicle marketplace said the transaction will reduce the preferred shares held by funds advised by Apax Partners by approximately 50% […] [Read More]