As Auto Remarketing Conferences continues to put together agendas for 2012 Used Car Week, one coming together quickly is the second-ever Re3 Conference, which is scheduled for Nov. 14. Organizers recently revealed the day-long event that delves into the recovery, repossession and remarketing fields, will include an opening general session titled, “The State of the […] [Read More]

Digital Recognition Network surpassed an industry milestone this week with one of its service partners — nationwide repossession and skip-tracing firm American Recovery Service. The companies joined forces to exceed 25,000 recoveries; a figure officials said was enabled by DRN’s LPR2.0 platform for some of the nation’s leading automotive finance companies that utilize ARS’ comprehensive […] [Read More]

Today’s dealer is often a business-savvy one, says CorePointe Insurance Co. president and chief executive officer Jim Haan. And that sophisticated approach includes how they protect their businesses, property and inventory from whatever harm may come their way. The leader of what was formerly known as Chrysler Insurance Co. shared with Auto Remarketing his thoughts […] [Read More]

Last week, Auto Data Direct added Arizona motor vehicle records to its DMV123 program for qualified companies, raising the number of states the company has database access to 27. ADD recapped that its Web-based system is available to companies who need access to accurate, real-time motor vehicle records to complete business transactions.  Whether for a […] [Read More]

DealerTrack announced Thursday afternoon that it is acquiring the Web-based transportation and shipping network that includes CentralDispatch.com, jTracker.com and MoveCars.com. The company entered an agreement to purchase 1st Auto Transport Directory Inc., and it will likely pay about $74 million for the San Diego-based network. The deal will likely close in the third quarter, officials […] [Read More]

Dealers understand that finding ways to obtain financing — both for themselves and especially their customers — is just as important as procuring inventory and quality leads. In light of how the economy has behaved in the last few years, Auto Remarketing took an extended look at vehicle financing, insurance and more. Industry analysts and […] [Read More]

DataScan Field Services recently launched a new online scheduling tool aimed at giving captive and financial institutions a convenient way for their lessees to schedule end-of-lease vehicle inspections. With this new tool, DataScan explained that customers of participating financial institutions can quickly and easily make their inspection appointments via the Web. The new service is […] [Read More]

With a credit report being such a significant element in the vehicle financing process, Consumer Financial Protection Bureau director Richard Cordray told the gathering assembled for a credit reporting field hearing how regulators might oversee how credit report providers do business. Cordray insisted on Monday that, “credit reporting plays a critical role in consumers’ financial […] [Read More]

With regulation constantly evolving especially from the Consumer Financial Protection Bureau, Recovery Industry Services Co. recently enhanced its offerings for recovery professional and repossession agents. One of the newest RISC products is a document geared to meet CFPB requirements — the Compliance-Complaint Checklist. “After a review of our training programs by a law firm that […] [Read More]

Penske Automotive Group — which ranked third on Auto Remarketing’s list of the top 125 dealership groups in the U.S. based on 2011 used-vehicle sales —  revealed this week it completed the redemption of $63.3 million in outstanding 3.5 percent senior subordinated convertible notes due 2026. The company said it settled the obligation in cash; […] [Read More]