Evidently, finance companies are instructing their collections departments to work even harder with customers who are having trouble maintaining their monthly payments. According to S&P Global Ratings’ latest U.S. auto loan asset-backed securities data shared with Cherokee Media Group on Tuesday, extensions as of September exceeded the pre-pandemic level from September 2019 for both subprime […] [Read More]

For Canadian car dealerships, VIN cloning is no longer an isolated criminal tactic — it’s a serious threat that can compromise inventory integrity, expose dealers to significant financial losses and damage reputation and customer trust. As sophisticated fraudsters replicate legitimate vehicle identification numbers to conceal stolen vehicles, dealerships face increased risk, particularly during the acquisition […] [Read More]

Arrowhead Luxury Cars is celebrating the season of giving by partnering with the Homeless Engagement Lift Partnership to support homeless and displaced families in the Glendale, Ariz., community. The dealership group, which operates BMW, Jaguar-Land Rover, Volvo and INEOS Grenadier stores in Glendale, has been collecting toys for children of all ages and connecting community members […] [Read More]

Sandy Schwartz has a new role. Agero said Tuesday that the former Cox Automotive president and CEO has joined its board of advisors. Schwartz spent four decades at Cox Enterprises, where his roles included leading the Cox Media Group and Cox Automotive subsidiaries. He spent the last four as CEO of Cox Family Office. “Sandy […] [Read More]

The most prolific buyer in the auto retail sector has made yet another acquisition — this time, north of the border. Lithia & Driveway announced it has completed the acquisition of Fines Ford in Bolton, Ontario. In a news release, the dealership group said the investment in the Toronto area demonstrates its “continued ability to […] [Read More]

To borrow from the opening lines of a certain TV franchise, in New York City, sports fans are represented by two separate and often not equally important teams: The Yankees or the Mets. The Rangers or the Islanders. The Giants or the Jets. “But most New Yorkers gravitate to the Knicks, despite the Nets being […] [Read More]

HGreg has branched out from its Québec roots to establish a strong presence in the U.S., but its latest expansion is right back at home. The dealership group has acquired Toyota Park Avenue and Honda Park Avenue on Montreal’s South Shore from Groupe Park Avenue, a strategic move president and CEO John Hairabedian said aligns […] [Read More]

Four years ago, Car IQ raised $15 million in Series B funding to further develop a payment solution specifically for fleet vehicles to make tracking easier for fleet managers and spending simpler for drivers when they’re behind the wheel. On Tuesday, Car IQ moved toward gaining new ownership, as Element Fleet Management Corp. announced a […] [Read More]

Accidents happen. This year, they happened a lot. CARFAX Canada’s 2025 Year in Rear View report, a compilation of trends found in analyzing millions of vehicle history reports from Sept. 30, 2024 to Oct. 1, 2025, showed a 21% year-over-year rise in accident damage claims, totaling $9.2 billion during that span. Overall, CARFAX Canada said, […] [Read More]

StoneEagle on Tuesday highlighted how it was a steady quarter in dealership F&I departments amid some gross-profit turbulence seen in July, August and September. Third-quarter information included in the StoneEagleDATA F&I Benchmark Report showed stable F&I performance across key metrics. Analysts found that deal counts rose nearly 3% year-over-year, and total F&I income per dealer […] [Read More]