ARLINGTON, Texas —  SFG Finance — an active purchaser of auto finance receivables — revealed recently it has launched a contest for its brokers in an effort to ramp up funding and incentives. So, what’s the grand prize? SFG announced that the first place prize of a seven-day trip for two to Hawaii or a […] [Read More]

Along with an education initiative announced with Recovery Services Industry Co., Digital Recognition Network reported it recently reached a certification training deal with Recovery Compliance Solutions. The pact means DRN’s national network of more than 450 affiliates can attend the RCS certification program for free. To complement its core service offering to lenders, Recovery Compliance Solutions in […] [Read More]

Resource Management Services once again is bringing together top executives from captive finance companies, other auto loan organizations, recovery specialists, legal experts and more for the annual Collection and Recovery Solutions Conference. This year’s version, titled “Challenges and Opportunities in a Changing World,” includes a keynote presentation by John Hart, the recovery leader for the […] [Read More]

The National Auto Auction Association recently expressed its condolences to the family and friends of the late Raymond Jarrell, owner of Clarksville Auto Auction in Clarksville, Tenn. As it mourned Jarrell’s passing, NAAA remembered the life and career of its “member and friend,” who passed away at age 71 on Dec. 30 at the Middle […] [Read More]

In what should be good news for dealers and auctions, the National Auto Auction Association discovered 2010 fourth-quarter volume jumped 1.4 percent compared to the year-ago quarter. NAAA economist Ira Silver said this rise marked the first year-over-year gain since the first quarter of 2008. However, one region fueled most of that fourth-quarter growth. The […] [Read More]

In what appears to correspond with a changing tide for small businesses, Chevrolet reported it enjoyed a third straight month of growth in sales to this particular segment during December and closed 2010 with fourth-quarter small-business sales climbing 36 percent. [Read More]

J.D. Power and Associates continued the flood of positive projections for 2011 new-vehicle sales as the firm indicated January new-unit retail sales are starting the year ahead of expectations. Analysts believe January new-vehicle retail sales are expected to come in at 632,100 units. That figure would represent a seasonally adjusted annualized rate of 10.0 million […] [Read More]

DataScan Field Services recently rolled out a new vehicle inspection service that it says can help foster greater confidence in online vehicle shoppers. Here is how the services of InspectMyRide are designed to work. When a shopper finds a vehicle they are considering, the individual can visit the InspectMyRide website. While there, the consumer must go through […] [Read More]

Six new models — mostly luxury units from foreign brands — comprised the list of vehicles shared in NADAguides.com’s 2011 First Quarter Car Buyers Market Report. Analysts selected six models from Lexus, Acura, Mercedes-Benz, Hyundai and Audi — models they believe stand-out from the crowd. The specific vehicles are: —2011 Lexus LX 570. —2011 Acura TL. —2011 […] [Read More]

Audit, tax and advisory firm KPMG recently picked the brains of more than 200 automotive executives to find out which vehicle attributes they believe will have the most influence on consumers’ purchasing decisions in the next five years, as well as to figure out which vehicle categories these industry leaders think will show the most growth. […] [Read More]