PHILADELPHIA — Auto finance solutions company VINtek recently announced it has completed second lien filings on a fleet of more than 70,000 trucks, using its VINtekTIME technology — a platform that processes paper and paperless titles, or electron lien and title.             With clients such as financial institutions involved in asset-based lending, as well as […] [Read More]

SCHAUMBURG, Ill. — Buy-here, pay-here penetration in used-vehicle financing continues to be on the rise, according to third-quarter data assembled by Experian Automotive. Experian discovered the BHPH market share climbed 10.5 percent year-over-year to 14.26 percent of all used-vehicle financing in the third quarter. Melinda Zabritski, director of automotive credit for Experian Automotive, explained during […] [Read More]

MELBOURNE, Fla. — Five Star Specialty Programs, a division of Crump Insurance Services and part of Crump Group, revealed today that coverage for its dealers insurance program now encompasses 43 states. The seven states excluded from DEALERsure are Alaska, Connecticut, Hawaii, Massachusetts, Minnesota, New Jersey and Rhode Island, as well as the District of Columbia. […] [Read More]

A stronger-than-anticipated Thanksgiving weekend for used-car sales prompted a busy wholesale market last week for Brasher’s Sacramento Auto Auction, whose lanes were apparently buzzing with dealer activity and rather robust prices. In the latest post-sale video report from the auction, auction president John Brasher said dealers enjoyed solid sales over the Thanksgiving holiday, which was […] [Read More]

When we talk about human nature, we’re talking about conditions that are basic to all of us. So what we’re really talking about is a tremendous natural resource that can be studied and used to further our own purpose. Once you have a basic understanding of the debtor you are hunting, the task becomes not […] [Read More]

Thanks to its recovery management software, American Recovery Association leadership recently revealed national credit union service organization CU Collections chose ARA as its vendor of choice. Officials recapped that CU Collections, headquartered in Manassas, Va., helps credit unions create efficient and affordable collections programs to assist credit unions reduce or eliminate the costs of in-house […] [Read More]

In today’s age of information being readily available at a consumer’s fingertips via the Web, the general manager of a dealership group in California believes consumers are going find everything they want and need to know on used-vehicle buying, so why not give it to them all in one place? This is something the founder […] [Read More]

Effective immediately, Keith Whann is stepping down as the general counsel to the National Independent Automobile Dealers Association. Whann has served as general counsel to NIADA since 1995; and in 2002 he received the Ring of Honor award, the association’s highest non-dealer commendation. “I have been blessed to work with NIADA these last 16 years, […] [Read More]

KAR Auction Services revealed late last week that its AuctionTrac subsidiary — which uses GPS technology to pinpoint a vehicle’s location at an auction — has passed a significant milestone for tracking. The company has now used its GPS tracking system to find more than 1 million units. “This milestone is especially impressive considering we just […] [Read More]

 Like their domestic counterparts, import automakers — helped in part by a nice lift on Black Friday — saw their sales jump in November, according to the American International Automobile Dealers Association, which said several imports enjoyed significant gains. Specifically, AIADA — citing Autodata Corp. — said that there were 542,324 import sales last month, […] [Read More]