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]

Like just about everyone else, we love July 4th celebrations and honoring the birth of our great nation. Hotdogs, fireworks, apple pie, what’s there not to love? Over the years, we’ve seen lots of car dealers pull out all the stops for July 4th. Whether it’s cookouts at the lot, a sales promotion, or offering […] [Read More]

The National Auto Auction Association has something cookin’ in a city known for delicious barbecue. NAAA announced on Wednesday that the host auction for the 2026 World Automobile Auctioneers Championship (WAAC) will be DAA Memphis. DAA Memphis is in Eads, Tenn., about 25 miles east of downtown Memphis. DAA Memphis was established in November 2001 […] [Read More]

Used-car financing might be even more appealing for lenders and consumers, especially since Edmunds reported this week that the number of individuals committing to monthly payments of $1,000 or more hit an all-time high during the second quarter. Edmunds noticed consistency in used-car financing in Q2, with average monthly payments ticking up just $7 quarter-over-quarter […] [Read More]

If there’s one thing that can be said about the trend in the Canadian wholesale used-car market for the week ending June 28, it’s that it was consistent. According to Canadian Black Book’s weekly Market Insights report, car values were down 0.32%. Truck/SUV segments were down 0.32%. And overall? You guessed it: 0.32%. The decline […] [Read More]

A dealership known for serving and supporting the military has changed hands. Patriot Buick-GMC in Killeen, Texas, has been acquired by Ancira Automotive Group from previous owner John Kliewer, according to Haig Partners, which represented the seller in the transaction. The dealership, located near the U.S. Army’s Fort Cavazos (formerly Fort Hood), has been in […] [Read More]

CARFAX has again earned recognition as one of the nation’s best places to work. The vehicle history report provider was selected as one of the Top Workplaces 2025 by USA Today, as well as receiving regional honors from the Washington Post and the St. Louis Post-Dispatch. CARFAX earned USA Today’s national award and St. Louis’ […] [Read More]