For its December issue, Consumer Reports pitted the redesigned Jeep Grand Cherokee — which is Chrysler’s first post-bankruptcy new-vehicle launch — against the Toyota 4Runner in a comparison test. Which of the midsize SUVs fared better? According to the publication, it gave the Grand Cherokee a “Very Good” score, while the 4Runner received a “Good” score. [Read More]

MetroGistics, a full-service vehicle transportation company, not only launched a new website on Monday but also a corresponding application for the iPhone. Both tools are meant to facilitate simple and fast online quotes that can give customers unprecedented access to shipment tracking and instant ETA updates. For the Web user, MetroGistics’ newly revised website can […] [Read More]

Tidewater Auto Auction management offered an update Monday about the ongoing construction of its new facility. Robert Nolan indicated work is on pace for Tidewater AA to move into its new space next March. The new facility consists of 72 acres just eight miles away from where Nolan and the rest of the staff currently […] [Read More]

TROY, Mich. — Open Dealer Exchange announced Monday that it now has an agreement with Exeter Finance Corp. for credit application integration directly within the dealership management system. Open Dealer Exchange is designed to streamline the sales process by securely embedding financial transactions within the DMS, which can result in broader point-of-sale access for the lender, as […] [Read More]

CLEARWATER, Fla. — A double-digit jump in revenue pushed Nicholas Financial to record net earnings during its most recent quarter as well as impressive gains for the first six months of its fiscal year. Company executives recently shared that their net earnings for the second quarter of the fiscal year — excluding change in fair value of interest […] [Read More]

PALATINE, Ill. — This week, Santander Consumer USA joined MVTRAC's network of automotive lenders. The new relationship means as an indirect/direct lender and portfolio purchaser with more than 12,000 dealership relationships nationwide, Santander brings thousands of VINs and an ongoing daily supply of recovery cases to MVTRAC's Intelligent Data Network. MVTRAC officials reiterated what they provide to […] [Read More]

HAUPPAUGE, N.Y. — CU Xpress Lease, a leading credit union lease provider, says it is witnessing a record-setting pace is auto leasing activity, with September up 100 percent year-over-year. The company went on to say it processed more than 1,500 lease applications for October. Officials said October is about 150 percent better than the September figures and double that […] [Read More]

The International Automotive Remarketers Alliance announced late last week that all remarketers at EMKAY have successfully passed the IARA Certified Automotive Remarketer Program, making it the only fleet management company to have its entire remarketing team receive this honor. Earning the certification from IARA were Les Lynott — the manager of EMKAY’s vehicle remarketing and fleet analytics […] [Read More]

OPENLANE and the Professional Repossessors Interactive Operating System finalized a partnership Monday resulting in financial institutions and recovery agents now being able to remarket and sell repossessed vehicles for their lenders online. Officials explained PRIOS is a Web-based communications system conceived by an industry consortium of recovery agencies. They stated PRIOS can allow repossession companies […] [Read More]

For many years, the recovery industry has flown under the radar. Thanks to recently published articles like “Repo Madness” the repeated negative news about lenders and the bad economy has moved the recovery industry into the spotlight. The majority of recovery agents liked the anonymity and never really had to step into the limelight or […] [Read More]