NORCROSS, Ga. — APCO/EasyCare, a national provider of warranties, vehicle service contracts and other consumer benefits, recently became the preferred provider for a statewide dealership association. Company executives were delighted to report they had been chosen by the West Virginia Automobile and Truck Dealers Association. "We are pleased to announce our endorsement of EasyCare as the […] [Read More]

AUBURN HILLS, Mich. — Chrysler Group leadership again enjoyed rewards for its commitment to encouraging employees to be healthier. On Monday, the automaker was listed among winners of the Best Employers for Healthy Lifestyles Award from the National Business Group on Health. It's the second year in a row Chrysler has received this honor and the […] [Read More]

NEW YORK — According to DBRS, the New York State Assembly has proposed a new bill called the Vehicle Lienholder Accountability Act, which company officials say could limit auto loan asset-back securities issuers from including receivables originated in that state in the sale of auto loan securitizations. "This act requires lienholders to provide notice to the […] [Read More]

MONTREAL, Quebec — iMETRIK Solutions, a provider of embedded wireless solutions for the buy-here, pay-here dealer industry, is orchestrating a free Webinar meant to help store management more effectively evaluate GPS and starter-interrupt device technology. Organizers plan to share a checklist of five points they believe are crucial to finding what technology and provider works best […] [Read More]

SCHAUMBURG, Ill. — Experian Automotive reviewed first-quarter data regarding open auto loans and found the better the credit standing, the more growth there has been as compared to the first quarter of 2009. In fact, Experian indicated the only growth came within the super prime and prime categories at 2.69 percent and 2.34 percent, respectively. Meanwhile, […] [Read More]

HOUSTON, Texas — The National Alliance of Buy-Here, Pay-Here Dealers recently announced that it will hold its Fourth Annual Underwriting & Collections Conference at a new venue in Dallas on Nov. 7-9, 2010. More than 500 people are expected to attend this three-day event, which will feature separate training tracks on both underwriting and collections. Kenneth Shilson, […] [Read More]

TULSA, Okla. — I've been working in the insurance industry for more than 30 years and I've spent the last 12 years providing insurance to collateral recovery agents throughout the United States. Recently, I have seen a rise in lawsuits against recovery specialists for violation of certain state consumer protection acts as well as the Fair […] [Read More]

ALPHARETTA, Ga. — AmeriFleet Transportation, recently rolled out an enhancement of its complete asset recovery service with Prescription Drug Marketing Act certification. The corporate fleet logistics solution provider explained this new service is designed to meet the needs of customers requiring vehicle recoveries when there are pharmaceutical samples covered by the Prescription Drug Marketing Act and […] [Read More]

EDEN PRAIRIE, Minn. — GE Capital Fleet Services revealed Monday that it has named a new senior vice president of sales. Named to the post was Jon Parker, whose most recent position was as chief commercial officer for GE Capital Financial Inc. Parker moves into the post previously held by Deb Frodl, who is moving into the […] [Read More]

CARMEL, Ind. — After reaching the third-consecutive month at an average price above $10,500, ADESA Analytical Services is predicting that this trend in wholesale prices points to a "looming peak in vehicle-vehicle price growth."  The previous all-time price record came in at about $10,400 in July and August of 2001 prior to the wholesale price crash […] [Read More]