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Monday, May. 20, 2024, 03:27 PM

Vroom reports net loss of $44.7M in Q1, completes wind-down of ecommerce & used-car retail business
Monday, May. 13, 2024, 02:52 PM

FloodFlash launches sensor-enabled flood insurance for ‘underserved’ dealers
Monday, May. 13, 2024, 01:52 PM
Financial
National Creditors Connection Adds Two Account Managers
Thursday, Mar. 25, 2010, 01:55 AM
Auto Remarketing
LAKE FOREST, Calif. — National Creditors Connection, a field contact, loss mitigation, on-site inspection and debt recovery services company, recently hired two new account managers. Coming on board are Dan Lozier of Arizona and Shawn Bondy of North Carolina. NCCI officials explained that both Lozier and Bondy will be tasked with developing new business from mortgage […] [Read More]
CAG Analytics Releases Third Round of Results
Tuesday, Mar. 23, 2010, 01:55 AM
Auto Remarketing
CARY, N.C. — Cherokee Automotive Group Analytics released the last results of its initial three-part study today. Of the participants surveyed, 57 percent are in the remarketing industry, while 33 percent are in both the remarketing and repossession industries. About 10 percent are just in the repo industry. When asked what is the most critical part […] [Read More]
Is Repossession the Only Option?
Monday, Mar. 22, 2010, 02:00 PM
Steve Norwood
RALEIGH, N.C. — Given a choice, every lender would prefer to keep the debtor in the vehicle. Once an asset goes out for repossession, the outcome is usually a loss that must be charged off. Even in today's booming used-car market and with the higher asset valuations lenders are experiencing at auction, the likelihood that a lender will […] [Read More]
Westlake Launches New Division to Acquire Portfolios from BHPH Dealers, Lenders
Monday, Mar. 22, 2010, 01:59 PM
Auto Remarketing
LOS ANGELES — Westlake Financial Services announced late last week that it has created a new division to will specialize in portfolio acquisition services. The new division, called Westlake Advanced Lending & Portfolio Services, was created to expand the company's product offerings and provide a new source of liquidity for the automotive financial market, according to […] [Read More]
Is There a Need for More Legislative Representation in the Recovery Industry?
Monday, Mar. 15, 2010, 01:00 PM
Art Christensen
UNION, N.J. — One of the most important questions facing the recovery industry today is whether there is a need for more government intervention. Most recovery agents believe state regulation is a double-edged sword. Many dislike and disagree with government intervention, but no one can deny the fact the recovery industry is at a crossroads that […] [Read More]
National Consumer Law Center Calls for Tougher Repo Requirements
Monday, Mar. 15, 2010, 11:59 AM
Auto Remarketing
BOSTON — A new report from the National Consumer Law Center calls for each state to enact laws that would require secured lenders to get court orders before vehicles can be repossessed. Also, the report apparently calls for requirements that repo agents be better regulated. The NCLC is also asking for enhanced notice requirements, in addition […] [Read More]
Registration Now Open for Auto Forecast Forum
Thursday, Mar. 4, 2010, 01:59 AM
Auto Remarketing
CARY, N.C. — Registration is now open for the Automotive Economic Forecast & Financial Forum, the newest automotive industry event from S&A Cherokee, publishers of the Auto Remarketing and SubPrime Auto Finance News media brands and owners of the Pre-Owned Auto Dealers Alliance. The forum will be held May 10-11 at the Chicago Marriott Downtown Magnificent […] [Read More]
North American Repossessors Summit Upcoming
Monday, Mar. 1, 2010, 12:59 PM
Nick Zulovich
IRVING, Texas — Further piecing together of what's been a fractured repossession industry is what the leadership of the American Recovery Association hopes to accomplish during the second annual North American Repossessors Summit. This year's version titled "The Future of the Recovery Industry: 2010 and Beyond," is open to any recovery agency whether they're members of […] [Read More]
Donlen Introduces New Branding, Web Site
Wednesday, Jan. 20, 2010, 01:57 AM
Auto Remarketing
NORTHBROOK, Ill. — Donlen Corp. has rolled out a new brand identity that features a new logo, tagline, Web site and blog, as well as an updated Donlen GreenKey Web site. Looking at some of the specifics to the rebranding, the new tagline for the company is "Ideas. Focus. Solutions." Officials said it is designed to […] [Read More]
Auto Industry Responds with Sizable Donations for Haiti Relief
Monday, Jan. 18, 2010, 03:55 AM
Nick Zulovich
DETROIT — General Motors as well as other automakers and a large financial institution dipped into their charitable checkbooks and gave substantial funds toward relief efforts in earthquake-rocked Haiti. The GM Foundation approved an immediate contribution of $100,000. The money was directed to the American Red Cross. The automaker also provided direct online access so its […] [Read More]