One auction owner is putting compliance where her checkbook resides. According to a news release sent to Auto Remarketing on Tuesday, an investment group headed by Alexis Jacobs, owner of the Columbus Fair Auto Auction, has acquired ComplyNet, a 25-year-old compliance and risk management consultancy focused on dealers and auto auctions. The auction community and […] [Read More]

If auto finance companies want a sharper glimpse at just how good the collateral attached to the vehicle installment contract they are underwriting might be, new tools arriving this week from CCC Information Services and LexisNexis Risk Solutions might have some ancillary benefits. CCC announced the availability of Artificial Intelligence-powered capabilities that use computer vision […] [Read More]

Along with raising funds during the North American Repossession Summit (NARS) to support the Recovery Agents Benefit Fund (RABF), Digital Recognition Network (DRN) presented top providers and affiliate awards during last week’s events to honor organizations that have demonstrated excellence and leadership in the repossession industry. “We are proud to acknowledge these providers and affiliates […] [Read More]

MBSi Corp., and American Recovery Service (ARS) recently broadened their relationship. The repossession assignment software and vendor compliance solutions provider and national repossession services firm are expanding their partnership as ARS will soon begin outsourcing repossession assignments through MBSi’s repossession assignment platform, Recovery Connect. The companies indicated the first phase will involve assignments from their […] [Read More]

While phone calls remain an important tool for collectors and skip-tracers at auto finance companies, the Federal Trade Commission told the U.S. Senators last week that the agency “is using every tool at its disposal to fight” illegal robocalls. Appearing at a hearing hosted by the Senate Committee on Commerce, Science and Transportation, Lois Greisman, […] [Read More]

Copart announced Tuesday that the company has plans to add 20 acres of land to its Minneapolis location. "This new expansion adds twenty acres of land to support our clients in Minnesota," Copart chief executive officer Jay Adair said in a news release.  "We're proud to continue providing convenience and coverage to auto service providers and […] [Read More]

Dealers who employ the Selly Automotive CRM can now make critical inventory decisions with the help of a newly added market intelligence tool for inventory and pricing. The company announced Friday that it has partnered with VINFactor to make its market intelligence tool available to dealers via the Selly Automotive CRM. “We have been working […] [Read More]

Though up more than 13 percent from February, the number of late-model units hitting the auction lanes in March continued what’s looking like a slowdown from 2017. According to the latest Guidelines report from J.D. Power Valuation Services, late-model auction last month was down 11.7 percent year-over-year.   While the year-to-date decline eased from February […] [Read More]

When Brenna Stansberry got out of high school she could have joined the family used-car business, Park Marina Motors. But she joined the Navy. “The car business was stressful, and I saw that in my parents,” said Stansberry, who later had a family, joined the business and is now the owner of the Redding, Calif., […] [Read More]

As RVI Group and J.D. Power Valuation Services each saw wholesale prices moved higher in March when compared to the year-ago readings, a forecast for how prices might behave in April is indicating that analysts might not have to switch many figures from their previous-year report. According to the newest edition of Guidelines, analysts pegged […] [Read More]