BANDON, Ore. — Pushed by the availability of short-term deals that CNW Research president Art Spinella called "incredible," the lease penetration rate for the first half of August was greater than 25 percent, a double-digit increase from a year ago. Specifically, lease deals commanded a 25.86 percent share of the market from Aug. 1-15, compared with 21.3 […] [Read More]

RALEIGH, N.C. — Finance companies are working quickly to adapt to new challenges resulting from the rapid economic changes that the industry has experienced over the past several months. Recent announcements by several in the remarketing community suggest that a change is in the air, specifically on how we remarket assets today and into the foreseeable […] [Read More]

EL DORADO HILLS, Calif. — American Recovery Service/Skip Busters and Digital Recognition Network recently shared how their partnership using license plate recognition technology delivered new thresholds of performance for lenders. By expanding LPR services, along with the core business of front-side and skip recoveries, ARS/SB recently recovered the 4,000th unit. Executives estimated the repossessions represent almost […] [Read More]

CARY, N.C. — Readers went to AutoRemarketing.com to learn the specifics of Urban Science's report about the number of dealerships that closed during the first half of 2010. The latest developments shared by Dealer Services Corp. of Indiana also sparked a significant amount of reader interest. The top five stories from AutoRemarketing.com this week are: 1. […] [Read More]

PARK RIDGE, N.J. — Hertz Global Holdings got the green light Tuesday from the Securities and Exchange Commission to purchase Dollar Thrifty Automotive Group. The SEC signed off on the company's registration statement. And now Dollar Thrifty is seeking the go-ahead vote from its stockholders when they have a special meeting on Sept. 16. Dollar Thrifty began sending […] [Read More]

ORLANDO, Fla. — Dogs aren't just man's best friend, they are often man's travel buddy, too. With that in mind, AAA unveiled a list of what it considers to the most ideal vehicles for traveling with furry, four-legged friends. "More than 45 million households in the U.S. have a dog, and many are taking Fido along […] [Read More]

ANN ARBOR, Mich. — Though customers aren't as satisfied with auto brands as they were a year ago, domestics proved to be a bright spot in the latest American Customer Satisfaction Index released Tuesday. In fact, it was the first time that Big 3 brands have grabbed the Nos. 1 and 2 spots in the ASCI, as […] [Read More]

SANTA MONICA, Calif. — With autumn approaching and dealers looking to clear their lots for new inventory coming in, the market is showing heavy discounts and incentives toward two particular segments right now.  In the latest TrueTrends Report, TrueCar.com pointed out that there is a "big push to capture new buyers" in luxury brands and large […] [Read More]

CHICAGO — PickupTrucks.com recently held a competition to evaluate the performances nine heavy-duty trucks. The Heavy-Duty Shootout named winners in three different categories, and taking this year's awards were the 2011 Ford F-250 in the Three-Quarter-Ton Gas segment; the 2011 Silverado 2500HD in the Three-Quarter-Ton Diesel segment; and the 2011 GMC Sierra Denali 3500HD in the One-Ton […] [Read More]

DAYTONA BEACH, Fla. — When it comes to crazy world of the auto repossessor, there's sure been a lot in the news lately. A number of LPR companies — companies that sell special vehicle-mounted cameras to the repossession industry to operate and capture license plate numbers to feed into massive databases — have sprung up and have […] [Read More]