Amid the debate swirling within the auto industry about the company’s practices in the digital space, TrueCar announced Wednesday that it changed its billing model in Virginia to be subscription-based instead of performance-based, and changes in more states could follow. TrueCar said it adjusted the billing model — which had charged participating dealers a $299 fee […] [Read More]

Tracers Information Specialists, a service provider helping skip-tracers, repo agencies and other debt collectors track down consumers and collateral, recently revealed it has expanded its vehicle database. This database available through its website now contains vehicle and debtor information from 23 states. “Tracers offers a comprehensive suite of data tools that help collection professionals quickly […] [Read More]

The American Recovery Association and MasterFiles recently completed an integration project that’s resulted in a new alliance. As a result, ARA members can perform their skip-tracing and front-end verifications in a cost effective way that association leadership believes cannot be duplicated anywhere else in the industry. “We are very appreciative of MasterFiles joining with ARA […] [Read More]

Carfinco Income Fund’s transition to becoming a corporation has officially been completed. Earlier this week, Carfinco Financial Group — which is the new corporation — announced the completion of the court-supervised plan of arrangement for the conversion, meaning Carfinco Financial Group will continue the business previously run by the income fund and its subsidiaries. The […] [Read More]

Veteran repossessor and Time Finance Adjusters executive Patrick Altes believes there has been an industry myth circulating for years about how voluntary repossessions are expected to unfold easier for both agents and lenders. However, Altes takes a cautious approach about voluntary repossessions saying, “The reality is that the chances of finding the easy, should-be-done-cheaper voluntary […] [Read More]

Automotive Resources International announced late last week it has bolstered its presence in the U.K. with the acquisition of Fleet Support Group, which is based out of Chippenham, England. Officials noted that FSG is Britain’s largest independent fleet management company and is a family-owned business. More than 55,000 vehicles throughout the U.K. are included in […] [Read More]

In 2008, the American Recovery Association decided to take an important step toward industry unification and started planning an event to bring together collateral recovery specialists, remarketing professionals, professionals in the lending industry and industry vendors. Spurred by the disappointing economy and a downturn of events in the industry, ARA sought a solution to equip […] [Read More]

PRA Location Services contends it has found a way for repo agents to take advantage of license-plate recognition technology without operators needing to invest thousands of dollars in equipment and more. The Las Vegas-based subsidiary of Portfolio Recovery Associates recently launched RecoveryNet, a subscription-oriented platform that can allow repo agents to submit as many as […] [Read More]

Black Book and the Credit Union National Association recently announced they enhanced their 12-year partnership. The pact between the organizations now includes integrated data products for credit unions at a discounted price.  “We’re pleased to expand our relationship with Black Book to include access to their vehicle valuation data services at a discounted price,” stated […] [Read More]

The latest development in a trade squabble between the U.S. and China may end up having a particularly strong negative impact for General Motors, according to a Kelley Blue Book analyst, who said Wednesday that the automaker’s income could fall as far as 2 percent due to an import duty announced by the Chinese government. […] [Read More]