Consolidated Asset Recovery Systems is offering another free Webinar to highlight its new open-source, freeware version of its IBEAM Web portal for the agent and lender communities. CARS management will host an hour-long session beginning at 3 p.m. ET on Wednesday. The company explained this new version of IBEAM will be specific to repossession and […] [Read More]

Repo Remarketing aims to be a full-service operation, so about nine months ago it began to create a division geared to complete its offering portfolio for lenders. The resulting product is sister company Find Track Locate, a nationwide skip-tracing partner to credit unions and financial institutions. “We really noticed that there was a gap as […] [Read More]

A new report shows that older buyers are leading the way in auto industry recovery, with dealership experience the key factor in purchasing vehicles. Automotive research firm Foresight Research has released its 2012 Dealership Experience Strategy Report, noting a need for dealerships to refocus marketing to more seasoned buyers, who more often choose a dealership […] [Read More]

Finalists for the WheelsTV 2012 Pre-Owned Vehicles of the Year Award have been named, with vehicles from Toyota, Mazda and Chevrolet claiming spots on the six-category list. The POV of the Year Award recognizes pre-owned vehicles proven as dependable by providing trouble-free service and good consumer value in day-to-day use for at least two years. […] [Read More]

Announced this week, Innovative Funding Services has teamed up with fleet management company PHH Arval. Through this partnership, PHH will offer IFS as a potential funding source for its clients’ employees wishing to purchase their fleet vehicles, officials explained. [Read More]

As high gas prices lead consumers to search for fuel-efficient models that still fit their needs, NADAguides has compiled a list of what it contends are the most versatile 2012 models on the lots. The list of the top 10 most versatile vehicles from NADAguides also aims to be budget friendly, with all units coming […] [Read More]

AutoCanada Inc. announced earlier this week that its plan to buy a non-voting equity interest in an Edmonton, Alberta Chevrolet dealership has been given the OK from General Motors of Canada. This marks AutoCanada’s first investment with a GM Canada store. The purchase will be for a 31-percent non-voting equity stake in Nicholson Chevrolet, which […] [Read More]

Used-vehicle trade-in values have been relatively high as of late, according to analysis provided by the National Automobile Dealers Association, which said these strong values are among a slew of factors projected to drive stronger new-vehicle sales in coming months. After touching on the influence of gas prices, economic gains, an aging vehicle fleet and […] [Read More]

Thanks to the higher-than-projected residual values of its vehicles, Avis Budget Group’s adjusted EBITDA has hit “record levels,” the company said Tuesday as it reported preliminary first-quarter earnings results. More specifically, Avis Budget said — based on preliminary findings — that it pulled in about $119 million in adjusted EBITDA for the first quarter, a […] [Read More]

Automakers have significantly pulled back on incentive spending, which dropped to a six-and-a-half-year low in April, according to Edmunds.com. This trend bodes well for the industry, as it likely means consumers are hungry to buy and don’t need incentives to push them along, the firm emphasized. Specifically, Edmunds found that the True Cost of Incentives […] [Read More]