While TransUnion spotted noticeable rises of consumer debt levels in many credit segments, experts also are seeing normalization of delinquencies. That’s the main theme of TransUnion’s Q2 2022 Quarterly Credit Industry Insights Report (CIIR) released on Thursday. “Consumers are facing … [Read More]

AutoCanada said Tuesday it has spread to western Manitoba, purchasing Kelleher Ford in Brandon. The store, which also includes a collision center, is western Manitoba’s largest Ford dealership. Current management will remain. “This high-quality operation is our second Ford dealership and initiates our presence in western Manitoba — an attractive truck market, while providing the opportunity […] [Read More]

Auto Financial Group Canada has named a new operations manager. Promoted to the role is Rachel Fern, who has been with the company for more than four years. Fern will work with all departments in AFG’s Canada operations and Houston head office. Her duties include identifying trends and opportunities, while monitoring business activity changes. “In […] [Read More]

AutoNation is buying a captive finance company for its AutoNation USA standalone, used-car operation, said chief executive officer Michael Manley during the company’s second quarter earnings call on July 21. Once the acquisition is complete, CIG Financial of Irvine, Calif., will aid with the expansion of AutoNation USA and improve the used-car operation’s financial performance, all with modest […] [Read More]

This week’s update involving mergers and acquisitions of dealerships covers two unique parts of retailing — luxury sedans and SUVs as well as big rigs to move goods. The Presidio Group said it advised Scott Biehl on the sale of the Jaguar Land Rover Los Angeles dealership franchises to US Auto Trust. And Performance Brokerage […] [Read More]

Compared to previous years, wholesale vehicle values remained unusually high in July. But it’s what’s happening with consumer confidence — which continues at “historic lows” — and the impact to used-car demand that … [Read More]

National Auto Auction Association chief executive officer Tricia Heon, 2021 NAAA president Charles Nichols and 2022 NAAA president Garrison Hudkins join the show to talk about the upcoming National Auto Auction Week and the annual NAAA Convention. They share a sneak peek at the convention's agenda, including a look at the show's country concert and […] [Read More]

The American Recovery Association’s new leadership tandem made time for this episode of the Auto Remarketing Podcast. Installed earlier this summer, president Vaughn Clemmons and executive director Joel Kennedy offered their perspective on taking these leadership roles for an industry segment that facing some notable challenges. To listen to the conversation, click on the link available […] [Read More]

More than 35 credit unions already use the platform fueled by Credit Union Leasing of America (CULA), and the service provider grew its client base this week by adding Affinity Federal Credit Union. Initially, Affinity plans to offer this leasing opportunity to New Jersey members and local dealerships, with plans to expand the indirect leasing […] [Read More]

According to a news release a pair of independent dealerships in the Southeast are among the stores already seeing the advantages of using Solera Auto Finance (SAF) after receiving rebate checks as part of the finance company’s rewards program. Drive a Dream, an independent dealership in Marietta, Ga., earned a rebate check that reduced its […] [Read More]