Four more organizations will be receiving some assistance in their charitable efforts, as they have been named as beneficiaries of Insurance Auto Auctions One Car One Difference program. The program — which is run by IAA — will be rolled out this month. IAA is asking the public to donate old vehicles. Doing so allows the company to raise money for the charitable […] [Read More]

A holiday fundraiser by Chrysler and the Metro Detroit Chrysler Jeep Dodge, Ram Truck Superstores means a test drive can generate more than just a potential sale. For each test drive between now and Dec. 13, the automaker, dealers and the Detroit Red Wings will donate $10 to Forgotten Harvest. Each test drive has to be logged […] [Read More]

CARMEL, Ind. — J.D. Byrider recognized its Franchise of the Year winners as well as its 14 President's Award recipients during the company's annual convention last month in Orlando, Fla. Broken down into three categories, the company chose its Franchise of the Year winners among single (one location), mid (two to three locations) and multiple (more […] [Read More]

BATON ROUGE, La. — Wolters Kluwer Financial Services recently revealed a Midwestern lender who caters to marine and RV dealers has chosen to use its AppOne platform. Now utilizing the solution is Source One Financial Services, a marine and RV loan origination company that serves more than 800 dealers throughout the Midwest. Officials believe AppOne should […] [Read More]

ALEXANDRIA, Va. — The number of U.S. consumer bankruptcy filings finally made some significant downward movement in November, according to data collected and posted by the American Bankruptcy Institute. On a month-over-month comparison, November filings actually dropped by 13.3 percent to 114,587 filings nationwide. Information from the National Bankruptcy Research Center indicated there were 132,173 total […] [Read More]

FARMINGTON HILLS, Mich. — Toronto-Dominion Bank could reach an agreement as early as this week to buy Chrysler Financial, Bloomberg reported this morning. Chrysler Financial could sell for $6 billion to $7 billion, according to Bloomberg sources. Apparently other companies are in talks with the financial institution as well; however, Toronto-Dominion Bank appears to be the […] [Read More]

Once the decision to repossess a vehicle is made, credit unions can be challenged in looking for processes and agents that can bring in the highest recovery rates. This is because we know instinctively that higher recovery rates can mean that the collateral can be sold and the return posted to the deficiency balance more quickly. With […] [Read More]

The results of the American Recovery Association and Subprime Analytics first-ever Recovery Industry Scorecard are now in. This analysis reveals trends in both voluntary as well as involuntary repossessions and covers 25 states.   [Read More]

In addition to the consignment of vehicles being offered at its annual Dealer Appreciation Sale next week, Carolina Auto Auction will dole out Top Buyer and Top Seller awards, prizes and $10,000 cash. The sale is scheduled for Dec. 15. Dealers will also be able to check out the fruits of the $100,000 renovation the […] [Read More]

Last Friday, ADESA brought in a former executive with American Suzuki Motor Corp. to be its executive sales director, effective immediately. Gaining the position is Tim Finley, who will report directly to Jeff Bescher, senior vice president of commercial sales and operations. ADESA noted Finley brings more than 24 years of experience in the industry to […] [Read More]