Cox Automotive has made another executive-level move, this time appointing Brian Geitner as president of financial services and NextGear Capital. Geitner, who was already president of NextGear, receives these expanded duties as Patrick Brennan, who had been group vice president of finance services, became Cox Automotive’s senior vice president of operations and chief integration officer […] [Read More]

Matthias Mueller, Volkswagen AG’s chief executive officer, rallied the OEM's workforce on Tuesday, announcing to a group of over 20,000 employees at VW’s Wolfsburg, Germany plant that a plan is in the works to remedy the company’s recent diesel emissions scandal. With a focus on regaining trust and transparency, a news release from the automaker said Mueller […] [Read More]

How much is the Volkswagen diesel engine emission controversy impacting its certified pre-owned program? It may be too early in the process to tell.  On an EPA investigation update section of the Volkswagen of America website, VW said: "Right now, we’ve put a stop sale on all 2.0L 4-cylinder TDI equipped vehicles (new and certified pre-owned), […] [Read More]

Re3 Conference sponsor Del Mar Recovery Solutions recently partnered with Vendor Transparency Solutions in another step to enhance its compliance management systems. Executive explained this move will increase Del Mar’s level of compliance and quality of services it provides to the lending and financial services community. This partnership is geared to provide a series of […] [Read More]

In light of the Consumer Financial Protection Bureau handing out a $44 million enforcement action against Westlake Financial Services for its debt collection practices, BellesLink founder Paul Kulas offered five reasons why these methods that regulators find to be non-compliant aren’t that successful anyway. In a blog post published three days ahead of the CFPB […] [Read More]

Skip-tracing and collections expert Alex Price recently resigned his position as executive vice president at MasterFiles to take on new industry challenges. Price didn’t specify exactly where his career was heading next, only divulging that, “Stay tuned. Change is coming.” Price has been a panelist several times a wide array of industry events, including North […] [Read More]

The Insurance Institute for Highway Safety has updated its recommendations for used vehicles for teens — and this insight may come in handy for dealers serving newly licensed young people and their often concerned parents. Interestingly, IIHS said the list of recommended vehicles has grown by more than 50 percent, perhaps a result of the ever-improving quality […] [Read More]

Perhaps owners of Volkswagen diesel vehicles swept up in the recent controversy aren’t unloading these units in droves. However, recent data from Kelley Blue Book and Autotrader indicated that these consumers are at least acquiring more information about what their vehicle still might be worth. According to Kelley Blue Book’s recent website metrics, Volkswagen TDI trade-in […] [Read More]

It seems consumers were looking forward toward the winter-weather months when August rolled around. Medium- and heavy-duty pickup trucks were in high demand last month, and supply is waning. That's according to the latest installment of Autotrader Scarcity Data Analysis provided to Auto Remarketing that covers supply and demand of certified pre-owned and late-model used vehicles. In […] [Read More]

Victory Recovery Services (VRS), a provider in the financial services space for skip tracing and collateral recovery since 1989, recently opened a new branch office in Irving, Texas.  With VRS’ increased presence in the financial services industry as an outsource partner, the company highlighted that it also hired new leadership and incorporated a new software […] [Read More]