Record new-car prices, says Catalyst IQ, have led to greater consumer emphasis on “affordability, fuel-efficiency and value.” And that includes stronger demand for used cars, which hit their quickest turn times in nearly three years, the automotive analytics and marketing company said in its Q2 2026 State of the Industry Report. Offering some overall commentary […] [Read More]

The Association of Finance & Insurance Professionals (AFIP) and the Association of Dealership Compliance Officers (ADCO) found another unique way to help dealership compliance officers, F&I professionals, and other store leadership. AFIP and ADCO announced a new promotional partnership with Privacy4Cars this week, so members of the organizations can have access to Privacy4Cars’ Vehicle Privacy […] [Read More]

This likely won’t be the last case study completed in connection with the Chapter 7 bankruptcy of Tricolor Holdings, which triggered federal charges against the company’s CEO and a rippling throughout subprime auto finance. This week, Vervent released its own case study that documented how the company mobilized within 48 hours of Tricolor’s September bankruptcy filing, […] [Read More]

ZT Automotive has added ultra-luxury to its collection. The Badar Family Office, which owns the dealer group, said Tuesday it has acquired McLaren Charlotte and Rolls-Royce Cars Charlotte in North Carolina. These stores will become part of the new ZT Automotive Collection and operated by ZT Automotive. Both entities are owned by the Badar Family […] [Read More]

Penske Automotive Group confirmed in a statement on its website Wednesday that its board of directors has “received an unsolicited, preliminary and non-binding proposal” from Penske Corp. and Mitsui & Co., Ltd. to acquire the remaining shares of PAG’s common stock that PC and Mitsui and their affiliates don’t currently own. Penske Corp. and Mitsui […] [Read More]

Used-car retail sales in Canada have been “more resilient than expected” this year, with the softness largely attributable to lack of affordability, not weak demand. That’s according to the latest AutoTrader Price Index report, which said used-car sales are down 1% through six months and fell 2.5% in the second quarter. “Affordability continues to be […] [Read More]

When the industry might have thought it made notable progress curbing fraud, new TransUnion analysis released on Thursday showed auto-loan fraud losses have more than tripled in key categories. TransUnion explained its latest findings capture a fraud environment impacting dealerships and auto lenders where fewer events drive greater financial losses. Experts said fraudsters have evolved […] [Read More]

In October, Credit Acceptance announced a leadership transition of CEO Kenneth Booth into retirement while he remained on the board of the subprime auto finance company. On Wednesday, Credit Acceptance revealed in a filing with the Securities and Exchange Commission that Booth has resigned from the board. Credit Acceptance said in the filing that, “Mr. […] [Read More]

There’s an offer on the table to take one of the country’s six publicly traded dealer groups private. Mitsui & Co., Ltd. and its wholly owned subsidiary Mitsui & Co. (USA) and Penske Corporation — which own a combined 72.3% of Penske Automotive Group — submitted a non-binding proposal on Wednesday to acquire the free-float […] [Read More]

Black Book again used the words “healthy’ and “increasingly selective” to describe what’s going on in the wholesale market, which posted a 0.48% dip in overall prices last week. According to its latest installment of Market Insights released on Tuesday, Black Book reported that car prices declined 0.39% while values for trucks and SUVs decreased […] [Read More]