Fourth of July gatherings might have created some hangovers for party goers who had a bit too much to drink. Experts at ZeroSum see dealerships enduring a “hangover,” as well. And while there is a wide array of remedies to overcome alcohol hangovers, ZeroSum explained the dealerships’ used-car and certified pre-owned departments are the proper […] [Read More]

The cost of auto theft has spiked dramatically in Alberta over the past three years, according to data from Insurance Bureau of Canada. The national trade association representing insurers said auto theft claims costs in the province have risen 65% in that span, from $67 million in 2021 to $110.3 million in 2024. Since 2014, […] [Read More]

While there’s some stability in used-vehicle financing, Edmunds recently highlighted multiple all-time highs registered during the second quarter for consumers to take delivery of a new vehicle, including the percentage of individuals paying more than $1,000 monthly. At Caribou, the trends could mean a fertile field ahead for the auto refinance platform. The Edmunds data […] [Read More]

Force Marketing has announced a strategic partnership to intergrate automotiveMastermind’s data into its platform. In a news release, the companies said the collaboration uses automotiveMastermind’s proprietary buyer propensity data and segmentation capabilities to provide new opportunities for Force customers on digital channels that were previously inaccessible, allowing dealers to expand audience reach, increase engagement and […] [Read More]

Group 1 Automotive is successful at more than just retailing cars nowadays. Its service department has made significant improvements, too. The publicly traded dealership organization ranked highest in Pied Piper’s 2025 PSI Service Telephone Effectiveness (STE) Auto Dealer Group Study, which measured efficiency and quality when attempting to schedule service appointments by telephone. According to […] [Read More]

The American public’s relationship with electric vehicles is… complicated. Among those who already own an EV, on the other hand, it’s as simple as it could be. They want more. The latest EV driver survey by Plug In America, a national nonprofit dedicated to accelerating the shift to EVs, showed their loyalty is rock solid, […] [Read More]

Just before Fourth of July, Lendbuzz announced that it has closed a $266 million securitization collateralized by a pool of auto loans made to obligors and secured by new and used automobiles, light duty trucks, and vans. In January, Lendbuzz closed a $262 million securitization. According to a news release, the most recent activity included […] [Read More]

On both sides of Fourth of July, Algebrik AI announced partnerships aimed at boosting digital advancements of auto financing. After the holiday weekend, the provider of a cloud-native, artificial intelligence-powered, digital-era loan origination suite finalized a strategic partnership with Kinective, a leading provider of digital connectivity, document workflow, and core integration solutions for the banking […] [Read More]

Fireworks exploding near the White House and Capitol Hill during Fourth of July were more than just recognizing Independence Day. President Trump and Republicans cheered passage and the signing of the One Big Beautiful Bill into law, which included a provision that slashed the Consumer Financial Protection Bureau’s available operating budget. The CFPB’s budget dropped […] [Read More]

America’s Auto Auction is expanding again — but not by acquiring another auction location. This time the rapidly growing national auction giant is widening its inventory offerings with a focus on the specialty segment. The company announced a plan to add its specialty sales platform, which currently consists of a monthly sale at its location […] [Read More]