NEW YORK — Since mayor Michael Bloomberg and the city's department of consumer affairs rolled out broad guidelines for collection regulations that govern all industry segments, including recovery agents, a handful of organizations sought clarification to all of the measures. New York City received clarification inquiries earlier this month from ACA International, the Association of Credit […] [Read More]

SPOKANE, Wash. — To help provide greater transparency in the wholesale arena and benefit all parties involved, DAA Northwest said it now offers photography for every vehicle consigned through the auction, and uploads the seller's photos for free to AuctionPipeline. "Every seller wants to get maximum exposure for his or her consignment," shared Lori Pidgeon, DAA's […] [Read More]

BANDON, Ore. — Social networking as a used-vehicle selling avenue has emerged as a "force to be reckoned with," and its influence in the market is likely to continue growing, according to CNW. "Social network sites such as Facebook and Twitter are becoming a force to be reckoned with as a used-car selling channel," suggested Art Spinella, president […] [Read More]

ROCHESTER, Mich. — Foresight Research revealed Friday that results are now available for its study on vehicle shoppers' usage of the Internet and social media. One of the key findings concerns social media. In 2009, almost 13 percent of all new-vehicle buyers used some form of social networking to share information on their purchase decision. Meanwhile, […] [Read More]

LAS VEGAS and ARLINGTON, Texas — The National Independent Automobile Dealers Association unveiled the 2010 Quality Dealer of the Year on Thursday night at the association's 64th Annual Convention and Expo in Las Vegas. Earning the award was Paul Warren Claborn, who was recognized during the ceremony with what is considered to be the most prestigious […] [Read More]

TROLLHATTAN, Sweden — Saab Automobile, a newly independent company, named a new design director late last week, and filling the position is Jason Castriota, who is a former Bertone and Pininfarina designer. He had apparently worked previously on Ferrari and Maserati models. In his new role heading up design at Saab, he reports to chief executive officer […] [Read More]

WOODCLIFF LAKE, N.J. — BMW of North America announced new management appointments within its sales division Friday. As part of the moves, the automaker said Bob Frisch, vice president of the Western region will retire. Taking his place will be Arturo Pineiro. Additionally, Kevin Coon was named vice president of the Central region. Frisch, VP of the […] [Read More]

BLUE SPRINGS, Miss. — Toyota announced last week that it is resuming construction at its Mississippi plant and will soon hire 2,000 associates to build the Corolla in the fall of 2011. Toyota had postponed finishing construction at the Mississippi facility when the economy tanked. By building the Corolla at this facility, the automaker stressed that […] [Read More]

TULSA, Okla. — In a move that officials say will help the company shore up its leasing capacity, Dollar Thrifty Automotive Group revealed Friday that its Rental Car Finance Corp. subsidiary completed a round of asset-backed financing that, once completely funded, will provide $300 million in additional fleet financing. Specifically, the subsidiary completed a private placement of Rental Car Asset […] [Read More]

FRANKLIN, Tenn. — ServNet announced Monday that two of its auctions have been added as a General Motors and GMAC remarketing partners. With the additional locations, the companies will now sponsor sales at six ServNet auctions. The two new locations are Brasher's Salt Lake Auto Auction and BSC America's Bel Air Auto Auction. They join Flint […] [Read More]