UNION, N.J. — One of the most important questions facing the recovery industry today is whether there is a need for more government intervention. Most recovery agents believe state regulation is a double-edged sword. Many dislike and disagree with government intervention, but no one can deny the fact the recovery industry is at a crossroads that […] [Read More]

BOSTON — A new report from the National Consumer Law Center calls for each state to enact laws that would require secured lenders to get court orders before vehicles can be repossessed. Also, the report apparently calls for requirements that repo agents be better regulated. The NCLC is also asking for enhanced notice requirements, in addition […] [Read More]

CARY, N.C. — Auto Remarketing continually strives to recognize excellence in the industry and with this in mind, the April 15 edition of our publication will be dedicated to honoring women's contributions to the remarketing world. But you must act quickly if you want to nominate a leader for this special recognition. The deadline to submit […] [Read More]

SANTA MONICA, Calif. — Analyzing used-vehicle prices, Edmunds.com discovered that prices are up across the board by about 2 percent from the previous month. However, the company noted that apparently the prices of used Toyotas impacted by the recalls are down an average of 2.5 percent. Discussing the results, Joe Spina, Edmunds.com analyst, pointed out, "Many […] [Read More]

CARY, N.C. — The Pre-Owned Automobile Dealers Alliance recently announced that registration is now open for a new Webinar series called Pre-Owned LIVE. These new Webinars, which are free and open to all interested dealers, will begin March 23 at 2 p.m. with a timely topic — Sourcing Pre-Owned Vehicles in the Tight Wholesale Market. The free […] [Read More]

REDWOOD CITY, Calif. — OPENLANE announced this morning that it has teamed up with Recovery Database Network in a partnership that can help expedite the sale of repossessed vehicles. As most know, RDN is a specialized provider of software and data solutions related to asset recovery for the auto finance industry. Essentially, the solution can offer finance companies and […] [Read More]

FINDLAY, Ohio — While acknowledging the downward sales impact Toyota's recalls have caused for the automaker, a Corporate Research International survey suggests that the attitudes vehicle owners have for the brand haven't changed as much as those of consumers who own cars from other brands. In essence, Toyota owners largely appear to be remaining loyal in the midst of […] [Read More]

BOCA RATON, Fla. — Black Book's Online Division last week introduced an enhancement to its Activator Sales Conversion Tool that executives contend can boost leads by up to 30 percent. The company explained that the increased results stem from new technology that generates high-impact pop-ups. These additions can give Web site shoppers incentives to obtain a value for their trades […] [Read More]

DES MOINES, Iowa — Automotive Web technology provider Dealer Impact is the latest company attempting to harness the marketing capability of Facebook as a way to promote vehicle inventory. Late last week, Dealer Impact rolled out its Facebook Inventory App, a tool specifically designed to be integrated into the wildly popular social networking Web site. Company […] [Read More]

CHESTERFIELD, Mo. — A Missouri Hummer dealership that turned some heads in August with its "Guns and Hummers" offering is at it again, this time lining up in "shotgun" formation to make a final play on what could be the last of new models from the brand. Lynch Hummer, a dealer in the St. Louis suburbs, […] [Read More]