Canadian tech startup TradeRev introduced two new plans for dealers this month, including a subscription-based service crafted just for high-volume users and works to streamline the resale process. The mobile car auction app provider said it wanted to two different plan options for its dealer clients because its user base has expanded to 3,000 plus […] [Read More]

Shift Technologies said Thursday it has named Toby Russell president of the San Francisco-based online used-car marketplace. Russell joined the company in November 2015 after working for Capital One as managing vice president of digital, and has been one of its key leaders.  Russell also co-founded Taxi Magic alongside Shift chief executive officer George Arison.  “Toby […] [Read More]

Southeastern Auto Auction of Savannah announced that it raised more than $4,000 to give Shriners Hospital for Children and hosted its annual “Cars, Cash & Caring Sale” earlier this month. “It was a great day for Shriners Hospital for Children thanks to our generous dealers,” Southeastern Auto Auction vice president Bill McCready said in a […] [Read More]

This week, Interstate Title Solutions (ITS) joined with the National Independent Automobile Dealers Association as its newest National Member Benefit partner, offering NIADA members discounted access to its out-of-state tax, title and registration tool. DMV Nationwide, a web-based tool paired with managed service, was designed specifically in response to the challenges dealers experience while making […] [Read More]

Two legal experts told SubPrime Auto Finance News that they were not surprised when the U.S. Court of Appeals for the District of Columbia Circuit last week granted a rehearing request for a case involving the Consumer Financial Protection Bureau. Still, both Hudson Cook chairman Michael Benoit and Terry O’Loughlin, who is the director of […] [Read More]

Subaru of America recently announced the winner of its 2016 Auction of the Year award, which honors auctions for sales effectiveness and service quality. This year’s title went to Manheim Southern California. “A numerical score is calculated at the conclusion of every sale at every location on a monthly basis and the auctions are ranked […] [Read More]

Ford of Canada has revealed its 2016 Auction Quality Award winners, recognizing ADESA Montreal for the second straight year in the Group A category and honoring Manheim Montreal in the Group B category. This marks Manheim’s first time winning the award since joining the Ford of Canada auction program in 2013. The Auction Quality Award […] [Read More]

The auction market hasn’t wasted any time carrying over the auction sales volume momentum from 2016, and late-model vehicles are driving that charge. According to the latest Guidelines report from J.D. Power Valuation Services, there was a 17-percent gain in auction sales volume of cars up to 8 years old during the first four weeks of the […] [Read More]

KAR Auction Services will put between $20 million and $25 million into upgrading its online sales platforms over the next three years as part of a project known as New Wave, which chief executive Jim Hallett called “our next-generation online solution.” During opening comments of KAR’s earnings conference call on Wednesday, Hallett said KAR plans to […] [Read More]

Though luxury brands Lexus and Porsche yield high vehicle dependability, plenty of mainstream vehicle owners are also satisfied with excellent long-term quality, according to the J.D. Power 2017 Vehicle Dependability Study, released Wednesday. Now in its 28th year, the study examines problems experienced within the past 12 months by original owners of 2014 model-year vehicles. […] [Read More]