Automotive Resources International announced late last week it has bolstered its presence in the U.K. with the acquisition of Fleet Support Group, which is based out of Chippenham, England. Officials noted that FSG is Britain’s largest independent fleet management company and is a family-owned business. More than 55,000 vehicles throughout the U.K. are included in […] [Read More]

The Human Rights Commission has taken note of two of the Big 3’s commitment to corporate equality. Both Chrysler and Ford received perfect scores in the HRC’s annual corporate equality index (CEI), which rates corporations based on their lesbian, gay, bisexual and transgender workplace policies and benefits. The two automakers represented just two of 190 employers to […] [Read More]

HAUPPAUGE, N.Y — The coupon program that was designed to help drive more business to credit unions and dealerships just revealed that it has signed on four New York metropolitan area credit unions to its network.   The cuautocoupon signees include Nassau Educators Federal Credit Union in Westbury, N.Y.; Nassau Financial, also Westbury-based; Winthrop-University Hospital […] [Read More]

HAUPPAUGE, N.Y. —  Economic uncertainty doesn’t seem to be affecting consumer’s desires for luxury features in a car, according to loan aggregator GrooveCar. At least for those in Long Island, luxury reigns above fuel efficiency and economy, according to a recently completed survey. Though luxury remains a concern, survey respondents showed it doesn’t have to […] [Read More]

BANDON, Ore. — According to the latest data from CNW Research, all credit application categories posted significant increases in December versus a year ago — especially subprime. In fact, subprime made the largest jump of the three categories CNW listed, rising 53.9 percent. Non-prime rose 20.1 percent year-over-year, while prime approvals moved 12.5 percent higher. […] [Read More]

ALEXANDRIA, Va. — The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (BAPCPA) made the bankruptcy system cumbersome and costlier to use for both debtors and bankruptcy professionals, according to a recent study funded by the American Bankruptcy Institute Anthony H.N. Schnelling Endowment Fund and National Conference of Bankruptcy Judges Endowment for Education. Officials […] [Read More]

In 2008, the American Recovery Association decided to take an important step toward industry unification and started planning an event to bring together collateral recovery specialists, remarketing professionals, professionals in the lending industry and industry vendors. Spurred by the disappointing economy and a downturn of events in the industry, ARA sought a solution to equip […] [Read More]

PRA Location Services contends it has found a way for repo agents to take advantage of license-plate recognition technology without operators needing to invest thousands of dollars in equipment and more. The Las Vegas-based subsidiary of Portfolio Recovery Associates recently launched RecoveryNet, a subscription-oriented platform that can allow repo agents to submit as many as […] [Read More]

As 2011 draws to a close, the ServNet Auction Group has taken a look at some of what’s on tap for the group in 2012, sharing some of the promotional events scheduled at member auctions across the country throughout the coming year. ServNet is releasing its full 2012 promotional calendar next month, but it offered […] [Read More]

Late last week it was revealed that Mercedes-Benz USA has chosen a new president and chief executive officer. Tapped for the position is Stephen Cannon, former vice president of marketing for MBUSA, effective Jan. 1. Cannon replaces Ernst Lieb, who left the company this past October. As for his new role, Cannon will now have […] [Read More]