CITRUS HEIGHTS, Calif. — Whether you are a small credit union with just a few repossessions or a larger credit union with many, proven industry tips can help your bottom line. Included here are two frequently asked questions. I would like to sell the vehicle for more money, so should I fix the damages? Be careful […] [Read More]

PALATINE, Ill. — License plate recognition technology provider MVTRAC recently tapped an industry veteran to be the director of its 2010-2011 advisory board. Named to the role is one of the owners of AZ Asset Recovery, Maria Olson. MVTRAC is asking Olson to facilitate communications, events, memberships and other board objectives. MVTRAC established its advisory board in […] [Read More]

SANTA MONICA, Calif. — Since gas prices haven't rocketed back up to mid-2008 levels, TrueCar.com analysts have noticed demand for SUVs is as strong as ever. The July edition of the TrueTrends by TrueCar Report shows that 2010 SUVs are the fastest-selling category of vehicles. Analysts pinpointed luxury and midsize SUV segments, specifically, as being discounted less […] [Read More]

DETROIT — The Ally Financial Board of Directors recently declared quarterly dividend payments for certain outstanding preferred stock, with the largest dividend to be paid out to the U.S. Department of Treasury. Basically, a quarterly dividend payment was declared on Ally's Fixed Rate Cumulative Mandatorily Convertible Preferred Stock, Series F-2, of about $257 million, or […] [Read More]

CARY, N.C. — The leading story this past week at AutoRemarketing.com shared details about plans by Wells Fargo Financial to restructure and what that could mean for its auto loan business. Readers also wanted to know more about ADP's anticipated acquisition of Cobalt. The top five stories from AutoRemarketing.com this week are: 1. Wells Fargo Financial […] [Read More]

IRVINE, Calif. — In light of the 2011 model year kicking off, Kelley Blue Book's Kbb.com recently released a list of the new models that have the best chances of enticing shoppers. Kbb.com said the 2011 class of new models is comprised of vehicles that "break new design ground" but also consist of revamped versions of […] [Read More]

TUSTIN, Calif. — When AutoPacific released its 2010 Ideal Vehicle Awards on Tuesday, one Big 3 automaker dominated the results, as its models took home more than 40 percent of the segment awards. Ford vehicles were honored in 11 of the 27 segment categories and the next closest OEM, General Motors, took home three awards. Moreover, the Ford […] [Read More]

ATLANTA — Steadiness was the name of the game for used-vehicle trends in June, according to AutoTrader.com, which indicated that the leveling of fuel prices and an improved economy has led to a normalcy when it comes to which used vehicles are most popular. In fact, the list of 11 most-viewed used units on AutoTrader.com for June mirrors the […] [Read More]

MONTEREY, Calif. — When it comes to treating shoppers in the right way at the store, the brand whose dealers were rated as the best was Mercedes-Benz, according to the 2010 Pied Piper Prospect Satisfaction Index U.S. Auto Industry Study. The study also discovered that dealers at Big 3 brands have made the biggest strides from […] [Read More]

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]