LAS VEGAS — 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 […] [Read More]

SACRAMENTO, Calif. — Last week, California Assemblyman Mike Feuer introduced legislation designed to target the sale and collection practices common to buy-here, pay-here dealers, according to a report in the LA Times. "I am very concerned about practices which target the most vulnerable consumers in their most desperate moments. These dealers are exploiting people's desperation, and […] [Read More]

COLUMBUS, Ohio — Huntington Bancshares announced late last week that it has declared a quarterly cash dividend on its Floating Rate Series B Non-Cumulative Perpetual Preferred Stock. The dividend is $1.5469 per share. Officials also noted that the dividend is payable Jan. 17 to shareholders of record on the first of this year. Huntington Bancshares […] [Read More]

ARLINGTON, Va. — With panels about how buyers obtain vehicle financing, the Consumer Financial Protection Bureau and more, the Consumer Bankers Association is packing several discussions into a three-day event. Officials from the National Automobile Dealers Association, the American Financial Services Association and service provider ResponseLogix are all scheduled to be a part of CBA […] [Read More]

General Motors hopes it now has dashed any safety concerns about the Chevrolet Volt’s battery catching on fire long after a collision, thanks to engineering modifications revealed Thursday. The automaker announced enhancements to the vehicle structure and battery coolant system in the Volt that would further protect the battery from the possibility of an electrical […] [Read More]

In a heated race to the top of technological innovation, automakers have already pumped significant investments into electric propulsion technology, and an overwhelming majority of global auto executives believe car companies will only ramp up these investments in the next two years as the competition intensifies. But in a market where the infrastructure has for […] [Read More]

Officials from KAR Auction Services subsidiary AuctionTrac believe their technology can track more than just vehicles. AuctionTrac highlighted its satellite-based GPS technology system can be equally effective in managing the ever-changing labor needs of wholesale used-vehicle operations. According to AuctionTrac senior vice president Michael Newman, auctions can also utilize this technology to design an effective […] [Read More]

Kelley Blue Book released Thursday a list of the 10 Best Used Cars under $8,000, pushing the consumer base towards the option of pre-owned vehicles. Though quality used inventory remains scarce, KBB contends there are still ways to get into a “good (and modern)” used vehicle without spending too much money. With well-known models like […] [Read More]

The National Auto Auction Association is hosting an online seminar later this month that will examine what the economy has in store for 2012. Hosted by NAAA chief executive officer Frank Hackett, the Webinar will feature the insight of NAAA economist Ira Silver and Black Book vice president/managing editor Ricky Beggs, who are the scheduled […] [Read More]

DealerRater kicked off its 2012 Dealer of the Year Award Program on Thursday with the campaign climaxing during next month’s National Automobile Dealers Association Conference & Exposition in Las Vegas. Officials recapped that DealerRater’s program highlights a select number of dealerships throughout the United States and Canada. These stores will be awarded for outstanding customer […] [Read More]