This week, defi SOLUTIONS rolled out its newest product offering defi SERVICING, a loan management and servicing system (LMS) along with an opportunity for auto finance companies to shape their roadmap for 2017. The company highlighted the defi SERVICING LMS can give finance companies the same configurability and control that the defi LOS (loan origination […] [Read More]

That rectangular block of social media apps, text messages and podcasts you carry in your front pocket? It may fit in the palm of your hand, but it’s one of the most powerful tools in car-buying today. Forty-six percent of online auto shopping activity is done through the smartphone, according to results of a December […] [Read More]

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]