NEW YORK — As expected by Fitch Ratings, U.S. auto ABS posted "stellar" seasonal results in March. Fitch indicated both losses and delinquencies declined across prime and subprime auto ABS even as used-vehicle values softened, a trend analysts are expecting to continue for the remainder of the year. "Despite volatility and uncertainty, economic conditions are […] [Read More]

PHOENIX — MBSi Capital, the developer of the Re-Pros and iRepo repossession software suites, rolled out what it's calling the repossession industry's first full-featured mobile application. The company highlighted the solution can enable repossession companies to manage and update assignments remotely in real time. Available for Android and iOS, the Repo Ninja mobile application can […] [Read More]

City Enterprises, parent entity of City Auto and Dealers Auto Auction, along with Phil Hanks, former president of Primeritus Financial Services, created a joint collaboration resulting in the formation of Connect 1 Recovery, a full service collateral recovery company. Connect 1 Recovery is headquartered in Nashville, Tenn., and operates in Maryland, Tennessee, Georgia, Texas and […] [Read More]

MBSi Capital, the developer of the Re-Pros and iRepo repossession software suites, rolled out what it’s calling the repossession industry’s first full-featured mobile application. The company highlighted the solution can enable repossession companies to manage and update assignments remotely in real time. Available for Android and iOS, the Repo Ninja mobile application can give recovery […] [Read More]

Polk recognized four employees on Monday for their commitment and contributions within the global automotive market intelligence company and appointed them to new roles within the organization. Among the developments, Marc Bland, diversity and inclusion; Theresa Gorman, sales and client services for the Eastern region; and Anthony Pratt, forecasting for the Americas, have been promoted […] [Read More]

In a recent episode of his weekly online video commentaries about dealership advertising, Paul Potratz emphasized how understanding shoppers “can make a big difference in your bottom line.” The chief operating officer and founder of Potratz Partners Advertising explained how dealers need to consider their online advertising by viewing it through the lens of the […] [Read More]

The next free Auto Remarking Training Series webinar will feature top trainers from Carfax and FirstLook in a session geared for managers who want to get the most out of their used-car inventory. The session will include DJ Sherwood, process improvement manager at Carfax, as well as Steve Miner, director of product marketing at FirstLook. […] [Read More]

More evidence of just how long in the tooth the fleet of vehicles in operation is nowadays arrived through a new AutoMD.com survey, showing how much service work might be in the market. The site broke down its survey results by categorizing DIYers (do it yourselfers) and DFMers (do it for me’s).  Among DIYers, 44 […] [Read More]

During the conference call held to discuss Q1 results from Penske automotive, execs touched on growth expectations for the rest of the year as well as how the Hertz Rental Car acquisition will help pre-owned business in the future. During the question and answer period of the call, Anthony Pordon, executive vice president of investor […] [Read More]

Interestingly, though many dealers have voiced concern over the lack of off-rental supply flowing through the lanes during the past few years, Black Book’s Ricky Beggs explained that buyers are showing “hesitant interest” when it comes to rental cars at auction. Though overall, comments from Black Book survey personnel indicated a “more stable market in […] [Read More]