As the organization prepares to host the North American Repossessors Summit, the American Recovery Association recently formed what it dubbed the Young Professional Repossessors Commission (YPRC), a committee dedicated to educating, empowering and creating a platform for young industry professionals to speak and lead on behalf of ARA and the recovery industry. To become a member, […] [Read More]

Auto Remarketing has learned through published reports that CNW Research president Art Spinella has passed away at age 68. The Bandon Western World indicated that Spinella died Feb. 20 of congestive heart failure. Spinella was a longtime source of auto industry data, analytics and commentary, including his company’s Retail Automotive Summary, which was often quoted […] [Read More]

The National Automobile Dealers Association reminded members this week they must change their accounting method to comply with the tangible property regulations mandated by the Internal Revenue Service. NADA explained these regulations generally govern whether expenditures on tangible property may be expensed or must be depreciated. These rules are generally effective with the filing of […] [Read More]

Federal officials said Wednesday that Santander Consumer USA has agreed to pay at least $9.35 million to resolve a lawsuit by the Department of Justice alleging that the finance company violated the Servicemembers Civil Relief Act (SCRA) in connection with vehicle repossessions. The Justice Department indicated the complaint and the settlement, which is subject to […] [Read More]

Used-vehicle sales appear headed for a month well north of 3 million units, according to TrueCar, which released its February forecast Monday that called for the possibility of nearly 3.32 million used sales for the month. That projected figure includes sales from franchised and independent dealers as well as private-party transactions. It would be a […] [Read More]

Gas prices fell dramatically during the second half of 2014 and still remain very low as 2015 gets underway and oil continues to lose value. This has sparked a ripple effect throughout the automotive remarketing industry, turning many consumers toward truck and SUV purchases, as well as pushing prices up in the auction lanes for […] [Read More]

This week, ALS Resolvion announced the completion of its operational and financial integration resulting from the merger of American Lending Solutions and Resolvion.  The two companies formally merged last September, creating one of the largest repossession management and skip-tracing firms in the auto finance industry. Officials highlighted the combined business currently employs more than 160 […] [Read More]

Here is something you don’t hear every day: leasing is actually lower than it should be. AutoTrader.com president Jared Rowe said this during an event Wednesday at Google headquarters — and the two reasons behind his assertion both have used-car implications. First, he said, the industry’s remarketing structure is stronger than it has been in prior years, […] [Read More]

Kelley Blue Book announced on Thursday its brand and vehicle category winners for its fourth annual 5-Year Cost to Own Awards, highlighting the new vehicles and the overarching brands with the lowest-projected ownership costs. KBB’s cost-to-own data is based on information including depreciation, expected fuel costs, finance and insurance fees, maintenance and repair costs, and […] [Read More]

Digital Recognition Network is hosting three opportunities through free webinars to learn more about the four ways recovery efforts can be enhanced through DRN’s location reports that now contain phone numbers. During a 30-minute webinar, DRN director of collections and recovery Marc Ahlers plans to explain how the solution is capable of: — Improving first-contact […] [Read More]