Matthias Mueller, Volkswagen AG’s chief executive officer, rallied the OEM's workforce on Tuesday, announcing to a group of over 20,000 employees at VW’s Wolfsburg, Germany plant that a plan is in the works to remedy the company’s recent diesel emissions scandal. With a focus on regaining trust and transparency, a news release from the automaker said Mueller […] [Read More]

NAAA member auctions now have access to a new safety program. The National Auto Auction Association along with KAR Auction Services, Inc. —  parent company to ADESA — announced Tuesday that KAR has licensed its Safe T. Sam safety program for use by NAAA-member auctions. Now, through NAAA, all member auctions will have access to a variety […] [Read More]

Both cars and trucks are seeing softening prices in the lanes as the industry enters the fall market in full swing. And though Black Book editors noted that depreciation patterns for cars and trucks have remained “constant” over the past several months — with most car segments experiencing stronger depreciation than trucks — there are […] [Read More]

Now that the acquisition of Dealertrack Technologies is complete, Cox Automotive shifted a top executive who served as co-president of the newest piece of the company portfolio into a new role. On Tuesday, Cox Automotive appointed Raj Sundaram to be chief client success officer, reporting directly to Cox Automotive president Sandy Schwartz. In this key […] [Read More]

How much is the Volkswagen diesel engine emission controversy impacting its certified pre-owned program? It may be too early in the process to tell.  On an EPA investigation update section of the Volkswagen of America website, VW said: "Right now, we’ve put a stop sale on all 2.0L 4-cylinder TDI equipped vehicles (new and certified pre-owned), […] [Read More]

In what turned out to be a solid month to close the second-best quarter ever for certified pre-owned sales, domestic and Asian automakers lifted CPO numbers by more than 12 percent, while European brands climbed more than 9 percent. That’s according to the latest rundown of monthly CPO sales figures by Autodata Corp. Starting with […] [Read More]

Re3 Conference sponsor Del Mar Recovery Solutions recently partnered with Vendor Transparency Solutions in another step to enhance its compliance management systems. Executive explained this move will increase Del Mar’s level of compliance and quality of services it provides to the lending and financial services community. This partnership is geared to provide a series of […] [Read More]

In light of the Consumer Financial Protection Bureau handing out a $44 million enforcement action against Westlake Financial Services for its debt collection practices, BellesLink founder Paul Kulas offered five reasons why these methods that regulators find to be non-compliant aren’t that successful anyway. In a blog post published three days ahead of the CFPB […] [Read More]

Skip-tracing and collections expert Alex Price recently resigned his position as executive vice president at MasterFiles to take on new industry challenges. Price didn’t specify exactly where his career was heading next, only divulging that, “Stay tuned. Change is coming.” Price has been a panelist several times a wide array of industry events, including North […] [Read More]

There is a lot of buzz out there that many companies, including the auction giants with their subsidiaries, are looking at ways to “go around” auctions and lower prices to almost ludicrous value levels. The true buzz should not be discussing “going around” today’s technologically enhanced auctions, but rather seeing them as the core around […] [Read More]