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]

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]