We continue our series on the Auto Remarketing Podcast highlighting some of the panels and presentations from Used Car Week 2023. This episode features a trio of recovery industry executives for a discussion about how delinquencies, repossessions and recoveries might ... [Read More]

We continue our series on the Auto Remarketing Podcast highlighting some of the panels and presentations from Used Car Week 2023. This episode features a panel discussion titled, “The Top 3 Recovery Challenges & Ideas for Resolution,” with Starr Haynes-Sawalqah ... [Read More]

Credit Acceptance wants to make doing business with its dealership network smoother, so the finance company that specializes in subprime recently began to use Real-Time Payments from Citizens. Now, Credit Acceptance dealership customers can receive funds faster on deals they ... [Read More]

Used-vehicle financing set a pair of records during the fourth quarter, according to data compiled and shared by Edmunds. Edmunds reported on Wednesday that down payments in Q4 jumped $201 year-over-year to $4,122. The figure got to that record by ... [Read More]

During the holiday season, TurboPass gave gifts to seven dealerships that use its verification solutions designed to reduce fraud and improve customer service. Winners of the TurboPass 2023 Dealer of the Year Awards include: National Dealer of the Year: Toyota ... [Read More]

Three national trade groups want the industry to start the new year on the right compliance path. In late December, the Guaranteed Asset Protection Alliance (GAPA), Motor Vehicle Protection Products Association (MVPPA) and Service Contract Industry Council (SCIC) launched an ... [Read More]

Resolvion made another technology-driven move on Tuesday aimed at making repossession complexities smoother for both its employees and its network of agents. The provider of national repossession management, skip-tracing, remarketing, license plate recognition, heavy equipment and specialty recovery announced today ... [Read More]

Exeter Finance now is leveraging artificial intelligence from Pagaya Technologies to boost underwriting, funding and working relationships with more than 13,000 dealerships in its financing network that often book non-prime paper. By integrating Pagaya’s AI-driven auto product, which includes access ... [Read More]

It’s literally been a deadly week in the repossession world. American Recovery Association president Vaughn Clemmons recapped in an industry message on Friday that repossession agents were shot and killed in separate incidents in Alabama and California. Clemmons indicated the ... [Read More]

With one automotive economist acknowledging consumers are still feeling “the pinch,” some of the largest businesses in the U.S. now have some optimistic expectations for 2024 fueled in part because interest rates might finally have peaked. The Federal Reserve kept ... [Read More]