RALEIGH, N.C. — Consolidated Asset Recovery Systems has scheduled a free Webinar to share the strategies and technological platforms the company believes has streamlined the recovery process. Co-founder and senior vice president Terry Groves plans to discuss how CARS can provide a suite of services and technology to enable lending organizations to achieve the highest repossession […] [Read More]

IRVINE, Calif. — In offering a potential explanation for why a quartet of Chrysler Group vehicles made the top five list for shopping activity growth on Kelley Blue Book's Kbb.com, site editors invoked a bit of Beatles-related humor in this week's Hot Car Report. "When (John) Lennon and (Paul) McCartney wrote the lyric 'Money can't buy me love,' they proved […] [Read More]

DALLAS — Santander Consumer USA is quickly ramping up its market penetration in the U.S., especially in used-vehicle auto loans. In addition to originations, the company has been quietly buying up auto loan portfolios and making servicing deals and origination deals with such companies as Chrysler, Triad Financial, CarMax, HSBC and in the most recent multibillion-dollar […] [Read More]

DETROIT — While rumors have recently circulated that General Motors is considering taking back a majority stake in GMAC, that no longer appears to be the case. Auto Remarketing confirmed Thursday that the automaker is looking to strike new lender relationships to drive sales and help dealers and apparently, Chase and Wells Fargo are two key […] [Read More]

CARY, N.C. — Dealers and remarketing management personnel went to AutoRemarketing.com this week to learn more about just how much social media websites are affecting the industry. Recent CNW Research analysis delved further into the discussion about how Facebook and Twitter are integrated into used-vehicle sales. AutoRemarketing.com shared the 2010 U.S. Initial Quality Study from J.D. […] [Read More]

FOUNTAIN VALLEY, Calif. — Hyundai Motor America and its network of franchise dealers in the United States recently rolled out a new initiative to raise funds to fight childhood cancer. The automaker declared dealers have pledged to donate a total of $3 million to Hyundai Hope on Wheels based on vehicles sold during the month of […] [Read More]

SANTA MONICA, Calif. — Although vehicle recalls have dominated the automotive headlines in the first half of 2010, it's not necessarily cause for significant alarm, according to Edmunds.com. In fact, the site suggested that recall issues were more problematic in the past. And in the wake of heavy news coverage, automakers and consumers, alike, have been […] [Read More]

BOWLING GREEN, Ky. — A state well-known for its horse racing has made a vehicle well-known for its horsepower its official state sports car.  At an event held Tuesday at the Bowling Green Assembly Plant, Kentucky Gov. Steve Beshear conducted a ceremonial signing of legislation that, earlier this year, made the Chevrolet Corvette the Bluegrass […] [Read More]

MOBILE, Ala. — As long as one human has had a need or a desire to find another human, we have had skip-tracing. It is a process of tracking someone from point A to point B. Some of the most famous figures from our past come from the American West: The Pinkertons, Texas Rangers, Pat Garrett […] [Read More]

NEW YORK — Since mayor Michael Bloomberg and the city's department of consumer affairs rolled out broad guidelines for collection regulations that govern all industry segments, including recovery agents, a handful of organizations sought clarification to all of the measures. New York City received clarification inquiries earlier this month from ACA International, the Association of Credit […] [Read More]