Clear direction about whether a repossession agency or lender can contact debtors through some of the latest technology methods such as cell phones or social media remains uncertain, according to the American Financial Services Association. AFSA staff members recently attended a workshop hosted by the Federal Trade Commission on consumer protection related to debt collection […] [Read More]

Recovery Manager Pro recently released its new historical plate information function for its integrative cloud solution. The company indicated the newest addition to its cloud-based Web portal can enable users in both the recovery and auto finance industries to purchase information on previously spotted vehicles of interest, utilizing MVTRAC’s license-plate recognition patent. Recovery Manager Pro […] [Read More]

For the second time already this year, the Manheim Used Vehicle Value Index reached a record high. Manheim’s Tom Webb explained wholesale used-vehicle prices on a mix, mileage, and seasonally adjusted basis rose 1.9 percent in April against the previous month, leaving the index reading at 126.6. During the past year, Webb calculated adjusted wholesale […] [Read More]

In an interview with Auto Remarketing, ALG said it believes a trio of economic factors — the housing market, used supply and gas prices — will combine to effect 36-month residuals between zero and 1 percentage point based on how vulnerable a segment is to the aforementioned factors. [Read More]

Rolls-Royce dealers now can join their domestic, import and luxury franchise store brethren in offering certified pre-owned vehicles. Rolls-Royce Motor Cars recently outlined details for its newly approved CPO program. The automaker insists Rolls-Royce Provenance offers “unrivaled peace of mind” with its program that includes fully inclusive servicing. The company indicated each model has to […] [Read More]

Chrysler received some positive news on Thursday when three of its models made the list of top-five vehicles for traffic increases on Kelly Blue Book’s Kbb.com. In the most recent Hot Car Report, the Mercedes-Benz CL-Class topped the list with 31 percent week-over-week growth in traffic on the site, but spots Nos. 2-4 were held […] [Read More]

Especially for franchise dealers awaiting more inventory, Nissan shared some encouraging news late last week. All of its factories across Japan are now online. They’re ramping up production, and output is increasing as the two-month anniversary approaches marking the devastating earthquake and tsunami. In Tochigi, Japan, the largest of the three main assembly plants where […] [Read More]

Late last week, vehicle research and shopping site CarGurus.com doled out a list of the most ideal used vehicles for a group of shoppers whose budgets are often tight, especially given today’s economy: recent graduates. On its list, two brands in particular — Volkswagen and Ford — led the way. In determining the group of […] [Read More]

Mimicking philanthropic efforts by automakers, the National Automobile Dealers Charitable Foundation has mobilized its emergency relief fund to aid dealership employees recovering from the tornadoes that devastated parts of Iowa and Alabama last week. NADA indicated that six people already have received grants from the foundation to help them get back on their feet after […] [Read More]

Ritchie Bros. Auctioneers revealed this week that it achieved some Canadian records for the company at its recent three-day unreserved public equipment auction in Edmonton. The company posted its best-ever Canadian marks for the amount of equipment sold online, most registered online bidders and most unique buyers. Not only that, the gross auction proceeds were […] [Read More]