Amid certified pre-owned vehicle sales that are humming at a record pace, vendors that support the sector in various ways are coming together and could keep momentum going. In what may help the segment — since most CPO sales require financing — Equifax and Black Book are joining forces to aid what happens in the […] [Read More]

One of the presenting sponsors of this year’s Re3 Conference — Primeritus Financial Services — also enjoyed a record turnout for its second annual agent partner event on Sept. 11 and Sept. 12 in the Music City. During its first agent event a year ago, Primeritus indicated more than 100 attendees came to the company’s […] [Read More]

Recovery Industry Services Co. recently looked to increase the value of a RISC Compliant Agent Network (CAN) membership by implementing a discount purchasing program through a partnership with CorpMatch. RISC explained how it works, starting by stating that CorpMatch partners with companies like RISC to form a large buying group.  Then CorpMatch can negotiate with […] [Read More]

It's been verified. In The Wall Street Journal last month, it was reported there are now more women drivers on the road than men. The last several years the auto industry has witnessed a big and not so surprising shift in the car buyer demographics, particularly in terms of gender. Men, who have been strongly […] [Read More]

In an analysis released earlier this month, CNW said that September could have brighter days in store for the used-vehicle market following a rather tough August.  Seems CNW was right on the money with its predictions, as used-car sales this month will likely beat year-ago figures by more than 2 percent. But that is not the only positive sign […] [Read More]

One of the presenting sponsors of the Re3 Conference, Digital Recognition Network, announced three major personnel moves on Tuesday, including the return of the company founder. After departing from Recovery Database Network about a week ago, Todd Hodnett is returning to DRN as executive chairman. In this role, Hodnett will focus on the overall strategy […] [Read More]

Organizers of the North American Repossessors Summit (NARS), an industry event hosted by the American Recovery Association, announced their keynote speaker. Chosen for the role at the seventh annual event is Commander Rorke Denver, a decorated SEAL commander, training officer, author and actor. Denver will share military strategy and leadership lessons that attendees can use […] [Read More]

With the Consumer Financial Protection Bureau intensifying its regulatory aim at the auto finance industry, Recovery Database Network (RDN) is launching a new technology product called VendorVision, which aims to help lenders efficiently and transparently manage third-party vendor compliance. RDN highlighted VendorVision is a secure, Web-based compliance management platform. Organizations can define their compliance standards, […] [Read More]

Lobbying efforts by organizations such as the National Automobile Dealers Association prevented dealerships from being directly regulated by the Consumer Financial Protection Bureau when it was formed four years ago. But Automotive Compliance Consultants general counsel David Missimer explained how the CFPB’s latest moves could greatly influence how stores operate — especially in the F&I […] [Read More]

For those of our readers who participated in the remarketing of off-lease vehicles in the late 1980s and early 1990s, you will remember the scenario. Vehicle manufacturers, through their captive finance companies, in a effort to keep the factories running at full capacity, and with a goal of maintaining and gaining market share, offered aggressive […] [Read More]