On Friday, the McConkey Auction Group announced that it has formed an executive team to oversee the strategy, operations, national sales, finance and marketing of its auctions in the Spokane, Wash., Kansas City, Mo., and Seattle markets. The new seven-member team includes: —David Pendergraft, DAA Northwest general manager —Doug Doll, KCI Kansas City general manager […] [Read More]

Car Keys Express has expanded the company’s international footprint further with the opening of its first European office, which will be in London.  “This year, we pushed well beyond our core markets in the U.S. and, with the successful move into Canada, London is a natural first step to introducing our service to the overseas market,” […] [Read More]

Autosoft recently expanded its Connect program with 9 new third-party partners that will provide dealers with increased options for integration with their DMS. Each of them offers services and products designed to help automotive dealers increase profits and create better customer experiences, according to Autosoft. The company’s new partners include Dashboard Dealership Enterprises, Dealer Spike, […] [Read More]

LeasePlan USA has appointed a new senior vice president of operations to oversee the company’s teams that manage the lifecycle of its vehicles. Chosen for the position is Juan Perez, whose leadership and management experience in logistics spans more than 25 years, according to LeasePlan. “Juan is a true leader dedicated to our client’s successes,” […] [Read More]

F&I Express wants to celebrate more than the Fourth of July this month. The company declared July to be Love Our Agents Month, an endeavor created to honor what the agents and agencies have done for F&I Express. Management insisted the F&I Express business structure is built on agent relationships and they are the primary […] [Read More]

S&P Global Ratings noticed a stark difference between the prime and subprime segments when examining collateral performance in May within U.S. auto loan asset-backed securities (ABS). Analysts reviewed the May data and found that in prime segment, relative to April, losses decreased slightly while delinquencies held stable. On a year-over-year basis, however, prime losses and […] [Read More]

Dealertrack Canada has rolled out new monthly reporting features, including a look at the specific used-car models that have the highest vehicle volumes being funded through the company’s network. Leading the Top 10 Funded Used Vehicles for June was the 2014 Ram 1500, according to a news release from parent company Cox Automotive Canada. The […] [Read More]

Your credit is good and the lease contract on your 2015 vehicle is about to expire: what are your options? You could choose to pay the residual and keep your current ride. You could trade the vehicle for a new one or for an alternative used car. Finally, you could hand in the keys and […] [Read More]

A broad collection of industry representatives already is gearing up to generate a significant pushback against the Consumer Financial Protection Bureau, which earlier this week spelled out a new rule prohibiting the use of class action waivers in arbitration clauses. And a pair of legal practitioners reached by SubPrime Auto Finance News gauged how successful […] [Read More]

PERQ has expanded its footprint to now offer its web engagement platform services in Canada, the company announced on Wednesday. "Why shouldn't auto dealerships in the U.S., and now Canada, have the opportunity to offer consumers a personalized, Amazon-like experience on their dealership websites?" PERQ president and co-founder Andy Medley said in a news release. "We […] [Read More]