MONTVALE, N.J. — Mercedes-Benz USA on Monday highlighted the four purposes of its new customer- and dealer-support facility in Jacksonville, Fla. Executives explained they plan to take occupancy in July with four business units operating from the location, including Sales Operations Southern Regional Office, Parts Distribution Center, Quality Evaluation Center, and Learning & Performance Center. The […] [Read More]

FORT WORTH, Texas — Digital Recognition Network, a provider of license plate recognition technology, recently partnered with RepoHiring.com to provide assistance with anticipated personnel growth. DRN indicated it plans to hire as many as 20 professionals for its headquarters within the next 60 days. The company sought RepoHiring.com to find qualified candidates. Interested individuals can review […] [Read More]

COSTA MESA, Calif. — ZimpleMoney recently launched a new dealer solution, ZimpleAuto. Executives explained the tool is geared so lot management can make and manage vehicle loans to low and middle-income borrowers whose credit was destroyed by the ongoing recession. The company contends ZimpleAuto can allow dealers to bypass traditional lenders, banks and credit unions to […] [Read More]

McLEAN, Va. — As much as consumers might be conducting research before making a vehicle purchase, the seventh annual Rules of the Road Survey from Capital One Auto Finance found that many buyers are still ending up in a financial challenge after the contract is signed. The survey that probed first-time buyers determined that 63 percent of […] [Read More]

PHILADELPHIA — VINtek celebrated a significant landmark this week, revealing Monday that the 20-year-old company's clients list recently reached 1,000 customers. Moreover, officials said the company is still adding several clients daily throughout its various business segments. VINtek said its customer list includes a wide variety of clients, including small community-based credit unions, buy-here pay-here dealership […] [Read More]

ELIZABETH, N.J. — A simple Google search can result in hundreds of stories of repossessions gone wrong — from repossessors impersonating police to repossessors getting shot and killed. On Dec. 9, 2009, a badge-wearing repo man was arrested and charged with impersonating a police officer after dragging and injuring a woman whose vehicle he was attempting to […] [Read More]

RALEIGH, N.C. — Consolidated Asset Recovery Systems has scheduled a free Webinar to share the strategies and technological platforms the company believes has streamlined the recovery process. Co-founder and senior vice president Terry Groves plans to discuss how CARS can provide a suite of services and technology to enable lending organizations to achieve the highest repossession […] [Read More]

PRINCETON, N.J. — The NAFA Fleet Management Association and the National Conference of State Fleet Administrators will hold their respective annual conferences together next spring. Both the NAFA 2011 Institute & Expo and the NCSFA annual conference will be held from April 9 through April 12 at the Charlotte Convention Center in Charlotte, N.C. NCSFA had […] [Read More]

WASHINGTON, D.C. — In an early morning vote Friday, House and Senate leaders decided to exempt dealers from consumer financial protection agency oversight. While this leaves many dealers relieved, buy-here, pay-here dealers remain under the gun. They are not exempt. The combined legislation will now go House and Senate for a vote and is expected to […] [Read More]

ATLANTA — Manheim's Tom Webb picked up on a Gallup poll that examined where the bulk of modest gains in national retail sales have derived this year. Webb called the poll findings "somewhat perturbing from a used-vehicle perspective." The poll suggested households with incomes of $90,000 or more annually have accounted for majority of increased retail […] [Read More]