Renovo Services, a single-source solution provider of recovery and skip-tracing services, recently named a president and chief operating officer as well as chief information officer. Kevin Flynn, Renovo Services’ chairman and chief executive officer, tapped Andrew Mahoney as president and COO. An industry veteran with stints at Alamo Rent-a-Car, JM Family Enterprises and most recently FLD, Mahoney […] [Read More]

Because of what industry veterans are calling an unusual amount of violence in conjunction with the recovery process during the past 12 months, Ron Brown recently advised members of Time Finance Adjusters about the dangers of picking up vehicles nowadays. “Shootings, stabbings and hit-and-runs are becoming commonplace,” Brown declared. “The risk to asset recovery specialists, […] [Read More]

For dealers who have large Hispanic population in their market, TrueCar.com’s latest study sheds some light on what specific brands and models that most appeal to these potential buyers. The site’s study showed import brands and models dominated the Top 10 list. TrueCar.com pointed out Hispanic buyers made up 7 percent of all new-vehicle retail […] [Read More]

While it’s no secret that fuel costs often affect consumers’ vehicle choices, more than half of shoppers are apparently now saying that they won’t change vehicle size the next time they purchase, according to a recent survey from Consumers Report. What’s more, almost a fifth (19 percent) said the next vehicle they purchase will be bigger than […] [Read More]

If consumers continue to keep grabbing up vehicles like they have been earlier this month, then April’s seasonally adjusted annualized sales rate for the new-car market could top 14 million units, according to Edmunds.com. However, the site tempered this notion by suggesting that the market is likely to tap on the brakes toward the end of April, resulting in […] [Read More]

Auto Dealer Monthly unveiled in the April issue its 2011 Dealers’ Choice Awards, which lets dealerships vote on the top vendors, suppliers and finance companies. In total, 54 awards were doled out in 21 different categories, with 45 companies picking up honors. The companies were evaluated by dealerships in the following measures: —The product or service provided. […] [Read More]

During the opening session of Auto Remarketing Canada 2011 — Canada’s Used Car Conference this week, event organizers revealed the winner of the second Ward & Hart-Stephens Excellence in Remarketing Award. Receiving this year’s honor was David Sudbury, the former vice president at Honda Finance Canada who recently retired after serving 29 years with the […] [Read More]

Based on the latest data reported from its 12 districts, the Federal Reserve Board unveiled its latest Beige Book, reporting that vehicle sales rose across most areas of the nation in February and March. However, dealer concerns over automaker supply disruptions and production delays due to the Japan disasters are starting to come to the […] [Read More]

Experian Automotive’s vehicle database showed General Motors’ incentive and sales strategy employed to close out 2010 worked quite nicely in terms of making significant strides in corporate loyalty. According to Experian’s information, GM passed Ford for the first time in three quarters in connection with corporate loyalty as the firm placed the automaker’s level at […] [Read More]

Before arriving at your showroom, AutoTrader.com’s monthly Trend Engine Report projects potential buyers could have been scouring its website looking for fuel-sipping vehicles beforehand. Site officials say interest in these models is on the rise as gas prices remain high across the country with the turmoil in the Middle East, a continuing economic recovery and the upcoming […] [Read More]