LAKE SUCCESS, N.Y. — DealerTrack is taking measures so dealers who provide indirect auto financing can fully comply with the Federal Trade Commission's Risk-Based Pricing Rule. The federal mandate set to become effective at the start of next year will be discussed during an hour-long Webinar DealerTrack has planned for Thursday. The free session is scheduled to […] [Read More]

SOUTHFIELD, Mich. — Credit Acceptance Corp. announced the preliminary results of its tender offer, which expired at 5 p.m. ET on Monday. The goal was the purchase up to 4 million shares of the company's outstanding common stock at a price of $50 per share, net to the seller in cash without interest. Based on the […] [Read More]

HOUSTON — While net earnings were down for First Investors Financial Services for the three-month period ending April 30, the company's chief executive officer said the origination growth kicked back into gear in the third quarter and continues to ramp up. He said the company will continue to drive more originations during fiscal year 2011. Basically, […] [Read More]

CITRUS HEIGHTS, Calif. — Whether you are a small credit union with just a few repossessions or a larger credit union with many, proven industry tips can help your bottom line. Included here are two frequently asked questions. I would like to sell the vehicle for more money, so should I fix the damages? Be careful […] [Read More]

PALATINE, Ill. — License plate recognition technology provider MVTRAC recently tapped an industry veteran to be the director of its 2010-2011 advisory board. Named to the role is one of the owners of AZ Asset Recovery, Maria Olson. MVTRAC is asking Olson to facilitate communications, events, memberships and other board objectives. MVTRAC established its advisory board in […] [Read More]

CARY, N.C. — Auto Remarketing is calling upon auctions to help us prepare for our special National Auto Auction Association convention issue. As we did last year, we will be featuring a special spread that highlights auctions throughout the country through photos. Whether it is special sale photos, staff photos or photos from the lanes, we […] [Read More]

JACKSON and PEARL, Miss. — Rea Brothers' Mid South Auction recently shared the details of its "biggest sales event of the year" coming up in September that will not only include a wide assortment of vehicles offered, but also music and food considered to be among the South's favorites. The Rea Brothers' Blues & BBQ kicks […] [Read More]

FREDERICK, Md. — The second quarter saw a continuation of the year-over-year decline in auction volume, albeit at a less steep slope than the first quarter. However, there still remains stability on the gross value front, according to the National Auto Auction Association's latest Auction Industry Report. Specifically, auction volume was down 6.7 percent year-over-year. The […] [Read More]

CARY, N.C. — Registration is now officially open for the 2010 National Remarketing Conference, presented by SmartAuction, and the 2010 CPO Forum, presented by AutoTrader.com, both of which will be held in November at the Manchester Grand Hyatt in San Diego.  To register, visit either http://nrc.autoremarketing.com/ or http://cpo.autoremarketing.com/ and click on the "Register" tab at the top. […] [Read More]

WOODCLIFF LAKE, N.J. — BMW Group shuffled part of its senior management team late last week, including the appointment of a new chief operating officer for BMW Group Financial Services Americas. The automaker first revealed that effective Sept. 1, Wayne Orchowski — currently vice president of the Eastern region for BMW of North America — will assume the […] [Read More]