Officials announced this week that Matrix Warranty Solutions is now a part of the F&I Express network of more than 130 aftermarket service providers. Matrix Warranty Solutions highlighted that its programs are backed by a contractual liability insurance policy issued by a property casualty insurers rated excellent by A.M. Best. “We are excited to partner […] [Read More]

Copart has announced the expansion of its location in Indianapolis. “We are excited to expand in Indianapolis and enhance the member experience by making more inventory even more accessible to Copart members in the area,” said chief executive officer Jay Adair. Copart also has Indiana facilities in Hammond and Fort Wayne. Copart’s patented VB3 technology links sellers to more than 750,000 members […] [Read More]

On Thursday, Group 1 Automotive announced the appointment of Charles Szews to its board of directors. Szews joins eight other directors on the company’s newly expanded board. "Charlie brings strong leadership, experience managing global businesses, and expertise in capital allocation and generating shareholder value," said Earl Hesterberg, Group 1 president and chief executive officer. For close […] [Read More]

In a development relevant to dealerships of all sizes, the Federal Trade Commission on Thursday announced final amendments to its Used Car Rule. The FTC sought public comments on a series of proposed changes to the rule  — formally known as the Used Motor Vehicle Trade Regulation Rule — that requires dealers to display a […] [Read More]

With subprime paper representing only about 16 percent of the total outstanding auto finance balance figure TransUnion reported for the third quarter, the bureau’s top industry analyst indicated that’s not too much lower-end paper currently in portfolios. “Overall, it’s probably a good thing,” Jason Laky, senior vice president and automotive and consumer lending business leader […] [Read More]

Service shop customers have an option to pay for repairs before picking up their car thanks to a newly launched service from VenueVision Media Systems. Mobile Cashier is an express e-payment solution for parts and service departments that sends dealer-branded notifications of repair completion along with a copy of the invoice to customers’ smartphone, tablet […] [Read More]

The Ford F-150 is continuing its reign as the most-appraised vehicle in Canada. According to the latest Dealertrack Tradetracker Used Vehicle Market Report, the top five vehicles appraised in Canada last month were the F-150, Toyota Corolla, Honda Civic sedan, Ford Escape and the GMC Sierra 1500. Year to date, the only difference is that the Civic […] [Read More]

Attention, auto auctions: Auto Remarketing Canada is putting together an “Auction Life” photo spread for our next print issue.  If your auction or auction group would like to participate, submit photos via email to senior editor Joe Overby at joverby@autoremarketing.com no later than close of business on Monday Nov. 21. If you are sending large or multiple pictures, a zip […] [Read More]

CU Xpress Lease announced it’s hosting a webinar on leasing entitled, “Why Lease? Why Now? It’s time for more credit unions to enter the auto lease market,” on Thursday. The webinar is open to all credit unions who want to learn more about the CU Xpress Lease process and how the program could capture more […] [Read More]

MyDealerLot announced on Wednesday the company’s name change to MDL autoMation in conjunction with the release of Service Drive Concierge, which is geared to use license plate recognition (LPR) technology as an alternate identity trigger to MDL's existing RFID solutions. Recently, MDL also rolled out availability of its new Bluetooth based vehicle location system called […] [Read More]