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]

The American International Automobile Dealers Association is offering two opportunities to listen to a free webinar to explain how a vehicle that’s been in an accident can be just as valuable in inventory as any other unit. Coming up on Oct. 20, AIADA’s AutoTalk Series presents an abbreviated 20-minute version of the award-winning presentation on […] [Read More]

The Insurance Institute for Highway Safety has updated its recommendations for used vehicles for teens — and this insight may come in handy for dealers serving newly licensed young people and their often concerned parents. Interestingly, IIHS said the list of recommended vehicles has grown by more than 50 percent, perhaps a result of the ever-improving quality […] [Read More]

The certified pre-owned market is on pace for yet another record year. In fact, the last three months represented the second-strongest quarter for CPO sales ever, according to Autodata Corp.  And that’s certainly good news for franchised dealers. But the benefits, apparently, go beyond retail. Discussing the record year expected for CPO in his latest […] [Read More]

Perhaps owners of Volkswagen diesel vehicles swept up in the recent controversy aren’t unloading these units in droves. However, recent data from Kelley Blue Book and Autotrader indicated that these consumers are at least acquiring more information about what their vehicle still might be worth. According to Kelley Blue Book’s recent website metrics, Volkswagen TDI trade-in […] [Read More]

String Automotive announced new agreements with several large dealer groups on Monday while also highlighting the new local-market focused upgrade to its Dealer Positioning System. String has entered new enterprise-level relationships with the March Hodge Automotive Group, Feldman Automotive and All Star Automotive Group. The company’s latest release of its Dealer Positioning System, or DPS, […] [Read More]

A major move in consumer vehicle finance was announced today. Industrial Alliance Insurance and Financial Services Inc. (iA Financial Group) have entered into an agreement to acquire Ontario-based CTL Corp. CTL Corp. is the largest privately-owned consumer vehicle finance company in Canada. The companies reported the transaction was completed on Friday. CTL — a non-traditional […] [Read More]