ATLANTA — The importance of the repossession industry to our economy is something that is often overlooked or misunderstood. Lenders of all types and sizes rely on hundreds of repossession agencies throughout the country as a crucial form of recourse when loans default. As repossessions soared during the last two years, new processes and technologies gave […] [Read More]

NEW YORK — LexisNexis Risk Solutions recently rolled out a new tool intended to boost skip-tracing productivity for collectors and recovery agencies. The company contends LexisNexis Accurint for Collections Skip Wizard can simplify skip-tracing and turn novice collectors and recovery agents into skilled skip-tracers without expensive training. Executives explained Skip Wizard can improve efficiency and productivity […] [Read More]

AUSTIN, Texas — Innovative Funding Services, a financing company for lessors and fleet management businesses, recently highlighted how last year's facility relocation has propelled it to significant growth in the past quarter. Company executives revealed additional partner opportunities and internal initiatives led IFS to a growth rate of more than 33 percent. Rob McKie, the chief […] [Read More]

DES MOINES, Iowa — Auto Remarketing learned that Wells Fargo Financial is in the process of restructuring, which includes closing 638 stores named for this division. Auto loans previously offered by Wells Fargo Financial will be mixed in with other similar products offered by the company and will be available through the financial institution's network of […] [Read More]

CLEVELAND — While it's been more than a week now that the industry has digested the fact that June new-vehicle retail sales numbers dipped from the previous month, the senior automotive analyst KeyBanc Capital Markets called it "a sigh of relief." The reason why Brett Hoselton made this proclamation was because the performance left the June […] [Read More]

CARY, N.C. — Dealership and auction management used a story from AutoRemarketing.com to learn the latest about the most recent recall issued by Toyota. Also spurring plenty of online traffic this past week was an item that details Chrysler's requirements of potential Fiat dealers. The top five stories from AutoRemarketing.com this week are: 1. Toyota Alerts […] [Read More]

HOUSTON — Group 1 Automotive revealed on Tuesday a new lending partner in its syndicated credit facility to take the spot of BNP Paribas. Joining the $1.35 revolving credit facility was Mercedes-Benz Financial, which bumps the number of captive lenders in the facility up to four. Along with the four captives (Mercedes-Benz Financial; Toyota Motor Credit […] [Read More]

DEARBORN, Mich. — Ford Customer Service Division is asking for the public's input on the design of a NASCAR Spring Cup Series race car in a campaign launched Tuesday to raise funds for the Juvenile Diabetes Research Foundation. Here's how the division's contest is designed to work.  Race fans will get to submit their vote for […] [Read More]

SCHAUMBURG, Ill. — Experian Automotive is offering a free online seminar next week that will delve into generational auto buying habits. The workshop — which begins at 2 p.m. (EST) on July 14 — will be led by Jeffrey Anderson, director of consulting and analytics for Experian Automotive. The Webinar aims to help attendees do the following: —Learn […] [Read More]

CARY, N.C. — Grabbing the most attention among our readers this week on AutoRemarketing.com was a story about the latest development in legislation that has been a hot topic in the auto industry, as of late, especially for dealers. The No. 1 most-read story on our site dealt with the Consumer Protection Agency legislation and how […] [Read More]