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]

Montway Auto Transport’s VIP Relocation service is giving its clients a little extra security boost. The third-party logistics brokerage is adding two-factor authentication to all vehicle pickups managed through its VIP Relocation service, designed to ensure vehicles are handed off only to authorized recipients. The feature aims to strengthen consumer protection, reduce fraud and increase […] [Read More]

2Autogroup’s rapid expansion continues with its acquisition of Brookshire Hyundai from Bolton Automotive, a transaction announced by Pinnacle Mergers & Acquisitions, which represented the seller. The dealership in the Houston area is the first in Texas for 2Autogroup, which has emerged from its home base in Colorado with the addition of four stores in three […] [Read More]

Kia North Danvers is going green for its one-year anniversary. The dealership in Danvers, Mass., celebrated its first year in operation by installing solar panels to reduce its carbon footprint and promote clean energy. “This amazing community has welcomed us with open arms, and we’re excited to give back,” general manager Bryan Laskin said, “not […] [Read More]

A global examination of fraud by Sumsub showed how much of a worldwide problem it really is. Sumsub recently released its Identity Fraud Report 2025-2026, analyzing millions of verification checks and more than 4 million fraud attempts between 2024-2025. The study blends global and regional dynamics from internal data with findings from Sumsub’s Fraud Exposure […] [Read More]

As technology evolves, the cash component of credit underwriting continues to be a key part of development by service providers. Not long after Experian rolled out its latest tool with a cash connection, FICO recently announced a strategic partnership with Plaid, a leading financial data network, to deliver the next generation of the cash flow […] [Read More]

Perhaps compliance departments at auto lenders and other companies involved in financial services had something extra to be thankful for last week. Just ahead of Thanksgiving, the Consumer Financial Protection Bureau made significant changes to how its supervision division conducts exams, sharing what the regulator called a “humility pledge.” Using strong words to introduce the […] [Read More]