What do kids, credit unions and Enterprise Car Sales have in common? More than you might think. Enterprise Car Sales works nationwide to support Children’s Miracle Network (CMN) Hospitals and the Credit Unions for Kids program, the company noted in a press release this week, through bowl-a-thons, trivia nights, golf tournaments, walks/runs, restaurant nights and […] [Read More]

Normal 0 false false false EN-US X-NONE X-NONE MicrosoftInternetExplorer4 HOUSTON — Coming off of record-setting performances in the subprime auto lending space during its last two fiscal years, First Investors Financial Services Group announced this morning that it has entered into a definitive merger agreement. First Investors indicated plans to merge with FIFS Holdings Corp., […] [Read More]

MINNEAPOLIS — With student loan debt climbing by significant rates, are potential buyers who arrive in the showroom with high education repayment obligations going to have problems getting a vehicle loan? FICO examined the issue because officials said more lenders and investors are asking how this is affecting U.S. consumers' credit scores. Looking at a […] [Read More]

INDIANAPOLIS — Buy-here, pay-here dealership chain J.D. Byrider recently announced a promotion and the addition of three new team members to support the company's franchise growth and development. Promoted to the position of director of franchise development is Jack Humbert, who has assisted development efforts as a senior franchise consultant for the past two years. […] [Read More]

DETROIT — A recent survey by Ally Financial showed dealers continued to be a "pillar of strength" in their communities, particularly when it comes to charitable giving. Survey data indicated nearly two-thirds of U.S. dealers increased their charitable contributions this year compared to last year. In addition, officials highlighted that more than half of those […] [Read More]

The second-ever Re3 Conference has new elements this year, including several simultaneous breakout sessions aimed at drilling down into a specific repossession, recovery or remarketing topic. One cluster of those sessions includes: —John Lewis, of Intellaegis, with a presentation titled, “Compliance and Your Responsibilities and Liabilities in Collections, Skip Tracing, Data and Technology.”            […] [Read More]

The MVTRAC Recovery Industry Advisory Board formally announced the implementation of new strategic policies regarding MVTRAC’s business model and associated operations. Members explained the new initiatives were the result of an extensive development and review process, then unanimously voted and later ratified into action at MVTRAC’s annual advisory board meeting. The changes to MVTRAC’s model […] [Read More]

Buy-here, pay-here dealership chain J.D. Byrider recently announced a promotion and the addition of three new team members to support the company’s franchise growth and development. Promoted to the position of director of franchise development is Jack Humbert, who has assisted development efforts as a senior franchise consultant for the past two years. In his […] [Read More]

AutoIMS contends that juggling vehicle bids and sales between multiple online and physical auction platforms is not an easy task. After months of development, testing and client feedback, the company believes it now addresses these challenges directly by offering commercial consignors and auctions an integrated system to manage inventory through online and in-lane selling venues. […] [Read More]

The American International Automobile Dealers Association and ADESA will be partnering to offer dealers a free Webinar next month that aims to help foster understanding of the new AuctionTrac dealer app, which is available on Apple and Android devices.   The Webinar is scheduled for Oct. 8 at 11 a.m. EDT. “Join us … as […] [Read More]