Online car retailer Vroom announced a $76 million round of funding on Thursday that brings its total equity funding up to $295 million. The company said in a news release that this Series F round was led by “certain funds and accounts advised by T. Rowe Price Associates, Inc.”, which was joined by prior investors […] [Read More]

instaVIN, a provider of vehicle history and title information, has launched a revamped website, parent company KAR Auction Services announced Wednesday. Chief executive Jim Irish explained some of the upgrades in a news release. “At instaVIN, we are focused on simplifying vehicle history research for our customers and providing them with the most detailed and […] [Read More]

An experienced technology expert whose previous career stops included stints with Exeter Finance and Capital One is now bringing his talents to defi SOLUTIONS. The loan origination software and lending technology platform provider announced Keven Sticher has joined the team as chief information officer. Sticher comes to defi SOLUTIONS with more than 25 years’ experience […] [Read More]

Financial Network Inc. (FNI) said it is launching a new loan origination system platform in August. Among the new features, FNI highlighted the solution boasts additional data services, workbench screens and overall functionality. The company also pointed out the platform contains a robust strategy engine that is capable of handling application peaks at 100,000 per […] [Read More]

The newest report from AlixPartners — whose client roster includes corporate boards and management, law firms, investment banks and other kinds of investors — cautioned the industry that a “used-car time bomb” is about to explode. AlixPartners explained that it arrived at that dire assertion through a project that began two years ago through what […] [Read More]

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]