Auto Remarketing and SubPrime Auto Finance News on Tuesday highlighted the winner of this year’s Re3 Executive of the Year Award, which is being presented by Consolidated Asset Recovery Systems. This year’s winner is Scott Phillips, who is vice president of credit risk and business process at Lendmark Financial Services, which was founded in 1996 […] [Read More]

Millennium Capital and Recovery continued its series of strategic additions to its executive management team by recently tapping Jeffrey Marsh as chief business development officer. The company emphasized Marsh’s addition further demonstrated Millennium’s commitment to current and future clients through the continued strengthening of its leadership team with Steve Todd serving as senior vice president […] [Read More]

Results from eBay Motors’ Future of Automotive Shopping Survey show that nearly 70 percent of consumers have searched for dealership information via their mobile device. Company officials also pointed out the survey findings indicated consumers — especially younger drivers ages 18 to 29 — expect technology be used to enhance the vehicle-buying experience and are more […] [Read More]

Ally Financial announced this week it has donated $10,000 to the Granite State Children’s Alliance in honor of this year’s 2015 TIME Dealer of the Year winner. The winner, Andy Crews, is the president and chief executive officer of AutoFair Honda in Manchester, N.H. The selected charity, Granite State Children’s Alliance, operates four child advocacy […] [Read More]

In response to company growth, LeasePlan USA announced Tuesday it has hired a new vice president of client relations regional sales. Bringing over 18 years of professional fleet management experience to the role is George Hodge, who is now responsible for strategically guiding fleets to reduce costs and create efficiencies for a portfolio of accounts […] [Read More]

Both Allied Finance Adjusters and the American Recovery Association highlighted ways repo agencies can get involved in upcoming events. First on Wednesday and Thursday, ARA is hosting two sessions of its monthly webinar training series. This week’s sessions are set to feature Dave Kennedy, who is the chief executive officer of First Credit Resources based […] [Read More]

Sorry, fellow “Back to the Future” fans. No flying cars (yet). But take heart. Here’s a vehicle-related prediction for 2015 that has a more immediate impact: The year will finish with more than $1.2 trillion in combined revenues from used- and new-vehicle sales, according to TrueCar. In an entry to the company’s Insights blog (published, […] [Read More]

As Kelley Blue Book spotted softening activity both on the retail and wholesale sides associated with the German OEM, Wantalease.com highlighted that Volkswagen is among several automakers continue to offer aggressive vehicle lease deals for less than $150 per month. Current deals on the Jetta S stand at $139 monthly, and the Passat 1.8T Limited […] [Read More]

ADESA subsidiary Recovery Database Network (RDN) promoted one of its executives to be chief operating officer on Tuesday. Taking over the role is Holly Balogh, who joined RDN back in 2012. “RDN continues to strengthen its position as a leading vehicle recovery software solution. The company serves more customers than ever before, including many of […] [Read More]

There already have been multiple presidential candidate debates featuring Jeb Bush, Hillary Clinton and Donald Trump. If Americans’ vehicle choices are an indication of political preferences, then the majority of swing states will vote for a Republican candidate, according to a PureCars analysis of sales by color and body. CPO Forum participant PureCars, a provider […] [Read More]