With the Consumer Financial Protection Bureau taking a greater interest in what service providers finance companies are using, Recovery Industry Services Co. (RISC), a provider of collateral recovery training, certification and compliance solutions, recently announced that it has signed a definitive agreement to acquire Recovery Compliance Solutions (RCS). The move was made in order to enhance […] [Read More]

FactorTrust recently released its enhanced Triggers solution, which provides tools to notify finance companies and other lenders of specific consumer behaviors on an ongoing basis and identifies the right-party contact information for collection and recovery efforts. The company explained that Triggers are alerts for pre-specified consumer events or changes reflected on FactorTrust’s credit database that […] [Read More]

Dealer Teamwork recently announced that it has received a United States Patent for its Merchandising, Personalization and Optimization Platform (MPOP) technology that creates, distributes and publishes contextual marketing campaigns. The new patent covering Dealer Teamwork’s MPOP technology grants valuable intellectual property protection for the company’s processes regarding methods and data formats connected to developing marketing campaigns […] [Read More]

Used-car buyers are shelling out close to 4-percent more money on their down payment than they were a year ago, according to data released Friday by Edmunds. And their down payments — which averaged $2,529 in May — are more than 12 percent higher than five years ago. Those numbers are even more pronounced on […] [Read More]

Car Keys Express founder and owner Mark Lanwehr has made the cut as a finalist for EY’s 2017 Entrepreneur of the Year Award in the Ohio Valley region, the company announced.  A panel of independent judges chose Lanwehr a finalist for the regional award, whose winners will be named during a special gala event at the Hyatt Regency Hotel […] [Read More]

In a May phone interview, Dealertrack Canada vice president and general manager Richard Evans was asked how far away Canada was from being able to buy a car 100 percent online. “First of all, isn’t that exciting?” he said. “Just the prospect of it has us really fired up.” Evans said the company was “not […] [Read More]

In Episode 5 of the Auto Remarketing Podcast, Joe Overby sits down with Marilu McQuilkin and Mor Aframian to talk about the upgrades to Used Car Week, which has a brand-new look and a bit of a new format this year.  Plus, we discover that Marilu is a C-SPAN dork, Joe loves "Star Wars" and Mor […] [Read More]

Manheim announced that it recently installed indoor and outdoor LED lighting throughout its Manheim Orlando facility at 11801 West Colonial Drive, saving an estimated 951 tons of carbon per year — the equivalent of over two million miles driven by the average passenger vehicle. After replacing 7,452 bulbs and 1,311 fixtures, Manheim said the installation […] [Read More]

Certified pre-owned sales climbed 7 percent last month and three brands reported best-ever sales, according to Autodata Corp. The firm, which released industry-wide CPO numbers Friday morning, said in its report there were 237,445 certified sales in May, beating the 221,936 sales a year ago by 7 percent. Through five months of the year, there […] [Read More]

ADESA has made management changes at three of its 77 North American auction locations in Arizona, Tennessee and Florida. Rance Rudy has been named general manager of ADESA Phoenix, Jay Smith will now serve as general manager of ADESA Knoxville and Lisette Minton has been appointed general manager of ADESA Sarasota. “Rance brings to his […] [Read More]