My Recovery System (MRS), a software solutions company specializing in the repossession industry, recently hired Bill Sheehan as vice president of client services, bringing more than 20 years of experience working in the financial services and collateral recovery industries to the company. Prior to joining MRS, Sheehan worked at PRA Location Services and The M. […] [Read More]

While it may seem we’re swimming through a painfully large number of automotive recalls on a daily basis, that doesn’t change the fact that cars simply last longer, on average, than ever before. This is reflected by the most recent U.S. vehicle registration data from IHS, which shows that the average length of vehicle ownership […] [Read More]

Still on the fence about whether to attend the SubPrime Forum and other parts of Used Car Week? Well straight ahead is a free preview of how the financing dialogues and presentations will unfold with one of leading experts who will be getting the SubPrime Forum started. The next Used Car Week sneak peek webinar […] [Read More]

Dodge, in partnership with the well-known actor Danny Trejo, have organized a campaign that not only aims to boost test drives at several of its southern California locations, but will also give back to a worthy cause fitting to the locale. Via its “It’ll Test You” Hispanic marketing campaign, Dodge and Trejo have partnered with […] [Read More]

American Recovery Association officials landed their keynote speaker for the next North American Repossessors Summit coming up in April. Scheduled to appear at the event with the headline sponsor Harding Brooks Insurance is Rocky Bleier, who intends to recap his courageous tale that takes place on the football fields of America and the battle fields […] [Read More]

Fitch Ratings doesn’t expect Volkswagen to pay the highest possible fine — $18 billion — stemming from the U.S. Environmental Protection Agency and the California Air Resources Board revealing findings that allege five of the OEM’s diesel-powered vehicles include “defeat device” software that circumvents emissions standards for certain air pollutants. However, the automaker is already […] [Read More]

Veteran salespeople might remember how the process unfolded 25 years ago when a friend of a friend suggested the buyer go to a certain dealership. Then, shoppers looked over printed vehicle brochures, walked the lot with store personnel and spent the better part of the day finalizing the delivery. Well for today’s dealership customers who might have […] [Read More]

Thanks to a partnership between AuctionACCESS and wholesale floor planning software provider Sword Apak, the lending partners in Sword Apak’s network are now included in the AuctionACCESS floor plan system. This means that current floor plan availability of lenders in the Sword Apak network can be transmitted to all AuctionACCESS auctions. Additionally, floor plan transactions […] [Read More]

DealerSocket found that more than half of surveyed dealers for its inaugural Independent Dealership Action Report cited inventory acquisition and access to capital as the top problems facing their business this year. On Wednesday, DealerSocket director of product marketing Marylou Hastert explained a primary reason why those two problems surfaced through a preview of this report, […] [Read More]

As a millennial (albeit an older one), I’ve always assumed most of my peers were averse toward driving minivans. Turns out, that stigma might not be as strong as I thought, at least not on the pre-owned side. Edmunds.com recently dissected Polk’s used-vehicle registration data from the first half of the year, and guess what […] [Read More]