RALEIGH, N.C. -

After officially starting its Right to Cure Auction through relationships with Copart and Asset Nation at the beginning of the year, Consolidated Asset Recovery Systems is hosting a free Webinar to explain further how this is intended to benefit the recovery industry.

The free Webinar is set to begin at 11 a.m. ET on Tuesday.

CARS explained the Right to Cure Auction is designed to provide an “upstream marketing” bidding process that aims to expose repossessed vehicles to potential buyers as they are working their way through the holding process, allowing lenders to use that time as efficiently as possible.

CARS explained that the two new partnerships are geared to leverage potential on both the wholesale and retail fronts.

“We created this new offering to cut costs, streamline the online bidding process and get money in the hands of lenders faster as well as getting high-demand quick-turnaround assets in the hands of buyers faster,” explained Steve Norwood, chief executive officer of CARS.

“There’s always been pressure from all sides of the equation to get the repossessed vehicle to auction and get it sold as quickly as possible, and this Right to Cure Auction allows us the opportunity to do that,” Norwood continued.

Registration for the free Webinar can be completed here.