BEL AIR, Md. — In quite an accomplishment, BSC America's Bel Air Auto Auction recently celebrated its 63rd year with a special sale in late April. The sale boasted almost 1,300 vehicles going through the lanes. The featured units included consignments from Wells Fargo Dealer Services, Bank of America, PHH, Enterprise, ARI, M&T Bank and Dollar Thrifty […] [Read More]

GAINESVILLE, Ga. — Black Book managing editor Ricky Beggs utilized much of his latest "Beggs on the Used Car Market" report to discuss specialty markets such as heavy duty truck and commercial trailers as well as motorcycles and collectible vehicles. However, Beggs still gave an update on the traditional used-vehicle market and found just a slight […] [Read More]

REDWOOD CITY, Calif. — OPENLANE is reaching out to its dealers and consignors this week with its inaugural Client Advisory Board meeting, an invitation-only forum event where OPENLANE executives will offer the company's customers their perspectives on remarketing trends, best practices and current state of the industry. The event — which will be held today and Wednesday […] [Read More]

JACKSONVILLE, Fla. — Advanced Business Computers of America recently enhanced its DMS solution Deal Pack so it now integrates the underwriting and analysis tool from Kistler Automotive. Executives explained that dealers who already use Deal Pack can immediately access the Kistler tool. They noted that Kistler's solution includes insurance tracking services, insurance underwriting, voluntary physical damage […] [Read More]

IRVING, Texas — Coming on the heels of reaching its four-year anniversary and hitting $100 million in total originations, Exeter Finance Corp. announced this week that it entered into a $100 million line of credit with Wells Fargo Bank. Company executives pointed out the credit facility will provide substantial capital for the growth of their loan […] [Read More]

SOUTHFIELD, Mich. — A double-digit gain in consumer auto loan unit volume help to push Credit Acceptance Corp. to quarter-over-quarter advances in both net income and revenue. Company executives shared their 2010 first-quarter financial report late last week and mentioned that loan unit volume climbed 11.2 percent. They noted that the average volume per active dealer partner […] [Read More]

NEW YORK — Along with announcing that the parent company has been rebranded to Ally Financial and providing an update on business with Chrysler dealers, GMAC Financial Services reported this week that North American originations came in at $6.7 billion for the first quarter, including $6 billion in U.S. originations. First-quarter originations for this segment last […] [Read More]

BURLINGTON, Mass. – MoneyAisle.com has launched what its officials call one of the first online auction places for consumers to get competitive rates on auto loans and refinancing. With a rapidly growing network of banks and credit unions, currently more than 75, competing for auto loans, MoneyAisle.com's Web site can allow consumers to watch as […] [Read More]

ATLANTA — Many great tools exist for repossession agencies and their clients to increase communication, keep costs down and manage the repo-to-remarketing processes efficiently. Oftentimes agencies and clients fail to partner closely and over-communicate early in their relationship or when new processes are rolled out, leading to underused or misused technology and missed expectations. As AutoIMS […] [Read More]

CITRUS HEIGHTS, Calif. — Repo Remarketing recently promoted one of its executives to vice president of sales and operation. Assuming this position is Claudia Plascencia. Plascencia joined Repo Remarketing seven months ago as senior operations manager. In her new role, the company indicated that Plascencia's team will be responsible for national sales and operations of repossession […] [Read More]