INDIANAPOLIS — The industry is seeing a dramatic increase in recovery agents being harmed — or worse, killed — while securing the collateral of their clients. Unfortunately, lenders unknowingly exacerbate this environment with contingency demands. Contingency pricing attempts to cut costs by holding payment until the vehicle is recovered. Contingency demands put the burden on the recovery specialist […] [Read More]

MINNEAPOLIS — The incoming president of ACA International, the Association of Credit and Collection Professionals, asked the industry several questions about where it's heading during the next 10 years. Martin Sher, co-chief executive officer of AmSher Receivables Management in Birmingham, Ala., wondered, "Will you still be working in the credit and collection industry? Will your business […] [Read More]

WOODCLIFF LAKE, N.J. — BMW Group has agreed to a six-year deal where it will be an official partner of the United States Olympic Committee and the National Governing Bodies of four different sports. Under the partnership, the company will serve as the "Official Mobility Partner" of the U.S. as well as USA Bobsled & Skeleton, […] [Read More]

PARSIPPANY, N.J. — In an effort to beat out Hertz for the acquisition of Dollar Thrifty Automotive Group, Avis Budget Group submitted a bid to the company this week, in addition to passing along a letter to its chief executive officer and chairman. In his letter to Thomas Capo, Dollar Thrifty chairman, and Scott Thompson, president and […] [Read More]

CARY, N.C. — The story generating the most buzz on AutoRemarketing.com this week delved into a topic becoming more and more pressing in the industry: the increasing influence that women have in the auto market. The No. 1 story on our site shared analysis from Women-Drivers.com on which automakers' dealers stand out for their treatment of female shoppers. The […] [Read More]

SANTA MONICA, Calif. — It appears July will end up having the industry's strongest seasonally adjusted annualized rate for new-vehicle sales in almost a year, according to one TrueCar.com analyst. And with this being achieved in a time of automakers holding back on incentives, these gains speak volumes about consumer demand, he said. Such a spark in demand could […] [Read More]

BANDON, Ore. — In his recent analysis of the market, what CNW Research company president Art Spinella pointed to as the most troubling phenomenon for the new-vehicle market's health is the lack of floor traffic at dealerships.   Overall, Spinella said it is likely there will be 1.03 million new vehicles sold this month, meaning there isn't a […] [Read More]

SEATTLE — Varolii Corp., an automated collections communications provider, recently surveyed more than 400 collections and financial services executives nationwide and found nearly half make no distinction between chronically late payers and consumers who have fallen behind for the first time.  The survey revealed that despite an economy that's in a slow-recovery mode, these executives still […] [Read More]

FORT WORTH, Texas — Buzz throughout the repossession industry nowadays often has to do with limiting liability as much as possible. A pathway agencies are adopting with more frequency is the use of license-plate recognition technology. Cort DeHart, president of Digital Recognition Network, said that while attending a recent industry event that agencies not only are securing a […] [Read More]

CARY, N.C. — As the second half of 2010 really gets into full swing, dealers and other industry leaders wanted to know what might unfold during the rest of the year. A discussion about the future of the used-vehicle market was the leading story this past week at AutoRemarketing.com. Also drawing plenty of interest was a […] [Read More]