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]

As temperatures begin to cool,  and we pass the middle of the month and look toward October, rising gas prices continue to have a “minimal” impact on used vehicle prices, according to NADA Used Car Guide’s Jonathan Banks. The NADA UCG senior analyst explained that through the first half of the month, compact and midsize […] [Read More]

Independent dealers are having one of their best months in quite some time, and the overall used-vehicle market is likely to improve more than 8 percent in September, according to CNW Research. It is expected that used sales will reach 3.49 million units for the month, which would compare to 3.23 million used sales in […] [Read More]

While describing last week’s price trends as a “leveling market,” Ricky Beggs shares what he and the rest of Black Book’s editors expect to see as the wholesale scene ventures into autumn. Beggs indicated that Black Book’s outlook for the next couple of weeks is “an active market with a similar number of changes compared […] [Read More]

Though used prices continue to decline, it looks like the slide is slowing, according to CNW’s September Retail Automotive Summary.  As the rate of price decline continues to shrink and used vehicle days’ supply continues to grow, it appears the fourth quarter of this year bodes well for dealers' used-car departments. [Read More]

The branch of  the Blue Oval that offers dealers an alternative wholesale outlet for selling used vehicles that could not be retailed revealed it has reached a benchmark number in its program. Ford's Automotive Remarketing Services (ARS) program has remarketed its 500,000th vehicle for its customers.   And to celebrate this milestone, Ford  is hosting […] [Read More]