Consolidation that the repossession and recovery industries have rarely seen — if ever — came to light on Tuesday. According to a news release, Camping Companies and Paramount Recovery Service are merging, and four other repossession companies are involved, too, as Accurate Adjustments of California, Able Auto Adjusters of California, Advanced Services of Redding California and […] [Read More]

Knowing precisely the status of your collateral likely is even more important in a world impacted by COVID-19. On Tuesday, PassTime announced the launch of the Encore 2, the next generation of Encore, its battery-powered GPS device that hit the market a year ago. The company highlighted Encore 2 features several enhancements, including: • Time […] [Read More]

One of Byrider’s award-winning, buy-here, pay-here dealership franchisees recently set up a new retail location near one of the largest military installations in the United States. Byrider franchise group, Enoch Enterprises, just opened a new location in Killeen, Texas. The new location was selected due to its close proximity to a large U.S. Army base […] [Read More]

Manheim said Monday it has added seven auctions in the Southeast to its Digital Block in-lane bidding program, meaning the company now has more than 50 locations in the program. The auctions added this week are all in Tennessee (Manheim Nashville) or Florida (Manheim Central Florida and Manheim Fort Myers, Manheim Pensacola, Manheim Daytona Beach, […] [Read More]

Privately owned dealership group Holman Automotive recently opened its Mercedes-Benz Van Center – Maple Shade, a commercial vehicle dealership. The all-new 18,000-square-foot dealership sells new and pre-owned Mercedes-Benz vans and includes a dedicated commercial service center. Holman, which operates 40 dealership franchises representing 20 brands from the East Coast to the Pacific Northwest, said the […] [Read More]

Automotive marketing cloud company Orbee Auto recently named Peter Fong as chief revenue officer, stating that Fong could improve the company’s offerings “aimed at enabling automotive dealerships to more easily tackle the complexities of today’s digital marketing landscape.” Fong’s more than 26 years of industry experience includes various executive-level sales, marketing and brand management positions […] [Read More]

New-vehicle sales are sagging, and the COVID-19 pandemic has resulted in additional operational and financial challenges for Canadian dealerships. But dealerships are improving in the area of customer satisfaction, as well as increasing market share and per-visit cost for maintenance and repair of vehicles 4 to 12 years old. J.D. Power on Thursday released its […] [Read More]

On Monday, SiriusXM and General Motors announced an extension of their long-term agreement, continuing a relationship that began back in 2002. As part of the new agreement that now stretches into 2027, GM said it will increase vehicles equipped with SiriusXM to nearly all Chevrolet, Buick, GMC and Cadillac units beginning with model year 2021. “General […] [Read More]

Tim West is nearing the final hammer of his professional career in the wholesale industry. Black Book announced on Monday that West, the company’s vice president and North American auction director, plans to retire at the end of the year after more than 36 years with the company. “Tim is a trusted colleague and one […] [Read More]

Artificial intelligence (AI). In recent years, it has been touted as the future of nearly every industry. It is certainly the future of auto finance. In fact, it has already begun to transform several of the sector's key processes, such as credit decisioning. But there is some distance to go before AI can reliably underpin […] [Read More]