DETROIT — GMAC Financial Services announced this week that it will soon provide consumer financing for recreational vehicles and has been tapped by Thor Industries as the preferred financial provider for its retail customers. Thor is one of the world's largest manufacturer's of recreational vehicles, according to officials. It produces brands such as Damon, Four Winds, Airstream, […] [Read More]

FORT WORTH, Texas — There is quite a bit of information currently circulating about license plate recognition technology and the various companies that are providing this technology and services. As a recovery professional, I am sure many of you are interested in learning factual information that would enable you to make an informed decision as to how, […] [Read More]

SAN ANGELO, Texas — In preparation for its 74th annual training conference and seminar this week in San Diego, the president of the Allied Finance Adjusters Conference reiterated points that have been echoed by recovery agents from throughout the country. George Badeen issued a message to the conference's membership and anyone involved with repossessing vehicles about […] [Read More]

CENTREVILLE, Va. — Carfax announced that recently appointed to serve as the company's national director of data acquisition was Dave Sutton, who has more than seven years of experience in the remarketing field. In his new post with Carfax, Sutton — whose experience includes a position as general manager of auction sales and operations for Volkswagen Credit, among […] [Read More]

DETROIT — General Motors' revamped strategy appears to be paying off, as the automaker's four core brands reported a 43.3-percent sales upswing in March compared to the prior-year period, marking the sixth consecutive month that combined sales for Chevrolet, Buick, GMC and Cadillac have increased year-over-year. Adjusted for selling days, these brands saw a 37.8-percent increase […] [Read More]

SANTA MONICA, Calif. — Edmunds.com totaled up incentives spent by automakers in March and found the aggressive offerings from Toyota pushed Japanese manufacturers into unprecedented territory. "Incentives helped lift sales to its highest level since Cash for Clunkers," explained Jessica Caldwell, director of industry analysis for Edmunds.com. "And this month will be the highest ever for […] [Read More]

CARY, N.C. — Whether or not they were dealers for that automaker, readers went to AutoRemarketing.com this past week to learn more about Chrysler's decision to begin reinstating some franchise operations. Also drawing plenty of attention last week was news about a new online program enhancement rolled out by Manheim. The top five stories from AutoRemarketing.com last […] [Read More]

CHICAGO and BANDON, Ore. — The Cars.com Consumer Search Index demonstrated again that aggressive incentives given by Toyota in March paid off for the automaker. Meanwhile, CNW Research evaluated how much other manufacturers would have to give in order to capture the same incentive effect Toyota has enjoyed recently. Cars.com officials indicated that all but one […] [Read More]

CARMEL Ind. — ADESA Seattle executives noted that consistent outstanding customer service was the reason they received the 2009 Wells Fargo Auto Finance Award. ADESA Seattle explained that criteria used to select the winner was based on specific survey performance ratings collected from Wells Fargo team members. "I'm pleased to be able to recognize ADESA Seattle for their […] [Read More]

NEW YORK — On Thursday morning, the World Car of the Year awards were unveiled at the New York International Auto Show, and highlighting the awards program was Volkswagen, which earned top honors for the second straight year. VW's Polo model was named 2010 World Car of the Year, while the 2010 World Green Car was given […] [Read More]