The three segments of LexisNexis Skip Tracing Index moved in different directions during the second quarter as activity by creditors and collection agencies dropped, while action from collection law firms climbed higher. The index reading for collection agencies slid to 81.0, continuing a downward march that’s now six quarters old. The creditors index segment dropped […] [Read More]

To boost remarketing of repossessed vehicles, OPENLANE subsidiary Recovery Database Network and MVCONNECT recently reached limited version user agreements, meaning MVRecovery and MVIntel now are limited version users on RDN. The parties also entered into the following additional business relationships: —MVRecovery and MVIntel entered into repossession services provider agreements with OPENLANE, allowing them to remarket […] [Read More]

In explaining why the Manheim Used Vehicle Value Index slipped in September for the fourth month in a row, chief economist Tom Webb began his last conference call of the year by referencing a point he made earlier in 2011. “On last quarter’s call I tried to dissuade you from the notion that record used-vehicle […] [Read More]

Cherokee Automotive Group has announced that early registration for the National Remarketing Conference, as well as the other two Used Car Week Conferences, the CPO Forum and the Re3 Conference, will be ending Oct. 14. “If you are planning to attend any or all of the 2011 Used Car Week Conferences, now is the time […] [Read More]

A bevy of automakers have put a great deal of emphasis and investment into technological amenities within the cars they build these days, with the bells-and-whistles running the gamut of navigation to infotainment and more. Likewise, many car companies have upgraded the performance features in their vehicles to create more reliable, higher-quality product for today’s […] [Read More]

Along with announcing a new date for its annual convention, the National Independent Automobile Dealers Association revealed the next opportunity to attend the Certified Master Dealer Class. The class featuring Joe Lescota, automotive department chair for Northwood University, will be Oct. 20–22. NIADA highlighted that participants can learn how to sharpen management skills, analyze financials […] [Read More]

Volkswagen has recalled more than 168,000 VW Jetta, Jetta SportWagen, Golf  and Audi A3 models to fix a condition that could potentially lead to fuel-line cracks and fuel subsequently leaking out of the vehicles. The Jetta and Jetta SportWagen models being recalled were built from May 2008 through September of this year, while VW built […] [Read More]

Morton Auto Auction recently upgraded its Web presence to further enhance online offerings of the central Illinois independent operation. In addition to a streamlined user interface, auction officials highlighted their new site features a revised vehicle view that can allow buyers to quickly navigate pertinent information related to unit condition. “The new-vehicle detail view features […] [Read More]

Getting into the spirit of NFL season, which is in full-swing, Cars.com revealed late last week that not only will football fans see a company ad while watching Super Bowl XLVI, but the site also revealed its top tailgating picks. According to Cars.com, the best tailgating vehicles for the 2011–2012 football season range from the 2012 Ford […] [Read More]

Amid what he called a “tough” and “worrisome” September that perpetuated the topsy-turvy Canadian new-vehicle sales, one of the bright spots pointed out once again by analyst Dennis DesRosiers, was Chrysler. The previously embattled Big 3 company has an outside shot — albeit slim — at bumping General Motors from the No. 2 spot for […] [Read More]