CITRUS HEIGHTS, Calif. — Repo Remarketing recently promoted one of its executives to vice president of sales and operation. Assuming this position is Claudia Plascencia. Plascencia joined Repo Remarketing seven months ago as senior operations manager. In her new role, the company indicated that Plascencia's team will be responsible for national sales and operations of repossession […] [Read More]

CHICAGO — While incentives may have been effective in generating consumer interest in Toyota in March, those gains didn't last in April, according to Cars.com, which suggested the downward effect from the automaker's recalls on its sales will likely linger. Specifically, the site said that during April, Toyota new-vehicle leads on Cars.com fell 17 percent. Showing particularly […] [Read More]

NEW YORK — Recent analysis from PricewaterhouseCoopers pinpointed what the firm believes will be the fundamental changes necessary for the near-term restructuring and long-term sustainability of the automotive industry. Firm analysts contend that greater automotive merger and acquisition activity will be the driving force. That was the crux of the report titled, "Drive Value — Automotive M&A […] [Read More]

CARY, N.C. — Auto Remarketing Today will not be published on Friday as the staff will be off to celebrate the holiday. Auto Remarketing Today will resume Monday, April 5. Auto Remarketing's sister e-newsletters, SubPrime News Update and Auto Remarketing Canada, will both be published this week as usual. We would like to wish all our readers […] [Read More]

ATLANTA — The April Auto Industry Brief from Manheim's Tom Webb contained an overall cautionary tone about economic recovery but still included several positive trends, especially regarding consumer rebounds. Webb indicated that flow measurements of the economy such as employment, income, retail sales and more show ongoing economic strengthening. "Balance sheets, however, whether they be those […] [Read More]

CARY, N.C. — The hot topic again this week at AutoRemarketing.com focused on the industry's future. Two of the top five stories centered on this topic. Also generating plenty of interest was an item about Hertz's latest acquisition plans. The top five stories from AutoRemarketing.com this week are: 1. What's in Store for Used-Vehicle Market? WASHINGTON, D.C., […] [Read More]

CARMEL, Ind. — Dealer Services Corp. of Indiana this week named a new chief financial officer to replace Marty McFarland, who became the company president back on Jan. 1. Taking on the role with more than two decades of experience is David Horan. "After an in depth search, we landed on a solid fit as David […] [Read More]

LIVONIA, Mich. — It's not just drivers that need to be leery of rising "unconventional" vehicle theft-related crimes in Michigan. Dealers, too, have fallen prey to these thieves lately and should remain vigilant and educated about the rather creative methods culprits are using to snatch cars, according to Help Eliminate Auto Theft (H.E.A.T.), an organization that […] [Read More]

SAN FRANCISCO — LiveVox, a provider of hosted-dialer solutions, recently upgraded its custom multi-number dialing strategy suite. Company executives highlighted that now credit and collection call centers can build dialing strategies of up to 30 numbers per account. They believe the suite can better leverage information from skip-trace vendors. LiveVox went on to explained how the […] [Read More]

CARY, N.C. — Portfolio Recovery Associates, a purchaser and manager of defaulted and bankrupt consumer receivable portfolios for lenders, recently made its choice for a vendor to build predictive portfolio models. Company executives decided to go with the SAS Enterprise Miner for these services. "Portfolio modeling is critical for us," explained Patrick Lipsky, vice president of analytics […] [Read More]