CHICAGO — Mirroring positive trends from the latest S&P/Experian Consumer Credit Default Indices, officials from TransUnion on Tuesday noted a sharp decline in the national 60-day auto delinquency rate. The TransUnion rate — which calculates the ratio of vehicle loan borrowers 60 or more days past due — fell by 18.52 percent between the fourth quarter of 2009 […] [Read More]

CITRUS HEIGHTS, Calif. — Do you hear the alarm bells ringing in credit union board rooms across the nation? As deficiency balances increase, credit unions are searching for better ways to dispose of their inventories quickly and at the highest possible net return. "Credit Unions are trying all sorts of creative ways to get the most […] [Read More]

NEW YORK — Mayor Michael Bloomberg and the city's department of consumer affairs recently announced new debt collection regulations that govern all industry segments, including recovery agents. According to the new regulations that cover all five of the city's boroughs, collection and recovery agents now must provide proof the debt is owed at the consumer's request. City […] [Read More]

CARY, N.C. — It has become an annual tradition for Auto Remarketing to encourage our readers to recognize and nominate some of the top leading ladies of our industry.  While responsibilities and companies represented vary, this year's ladies have one thing in common — they stand out for their dedication to excellence and their commitment to furthering […] [Read More]

WASHINGTON, D.C. — The Senate is expected to vote today on a motion about whether it sides with Sen. Sam Brownback's provision that dealers should be exempt from oversight under the consumer financial protection agency. If the majority of senators vote yes, it will urge Senate leaders to ensure the Brownback position is contained in the […] [Read More]

OAK BROOK, Ill. — vAuto's used-vehicle management system can now be utilized as a mobile application for Apple's iPhone and iPod Touch products, allowing dealers to tap into market information while they're on the go. "We recognize that our dealers need the ability to access our real-time market information wherever they are," explained Keith Jezek, president […] [Read More]

PALO ALTO and TORRANCE, Calif. — Late last week, Tesla Motors and Toyota Motor Corp. revealed extensive engineering, financial and production agreements, all stemming from development of electric vehicles and parts. Toyota also shared more details and a remedy plan about its latest round of recalls connected with several Lexus models. Furthermore, Toyota has agreed to […] [Read More]

DETROIT — Quickly after joining the company, Joel Ewanick, General Motors' new vice president for U.S. marketing, is showing his autonomy by switching up the ad agencies which work on the Chevrolet account. The GM marketing executive has decided that Publicis Worldwide and Campbell-Ewaldand are out and Goodby, Silverstein and Partners is in. Officials said the change was […] [Read More]

ATLANTA — AutoTrader.com received quite a 12th anniversary present a day early when the site posted the highest amount of unique visitors in a single day. Site executives highlighted they recorded 1.02 million unique visitors on May 18. It's the first time the site has surpassed that single-day threshold. Meanwhile, May 19 marked 12 years since […] [Read More]

RANCHO SANTA MARGARITA, Calif. — Finance Express has launched a new lead management tool in its online dealer management system that it says can help dealers more effectively determine where their customers are coming from and allow them to monitor leads as they go through the sales cycle. Dealers can use this tool to figure out the […] [Read More]