In response to what officials are calling overwhelming demand, Remarketing of America revealed the establishment of a Canadian division and is rolling out liquidation and repossession services in the country. The new company’s name is VOX Remarketing. VROC plans to offer the Canadian market a system that lenders can use to keep tabs on vehicles through every step […] [Read More]

Powered by a relationship with Automotive Finance Corp., National Powersport Auctions recently launched the NPA Dealer Financing program. Designed exclusively for powersport dealers, officials explained NPA Dealer Financing was created to empower and assist powersport dealers to develop and expand their pre-owned business. NPA’s Dealer Financing program is geared to provide dealers with wholesale financing […] [Read More]

How can lenders help repo agents successfully recover vehicles in an efficient way? Veteran repossessor and Time Finance Adjusters executive Patrick Altes listed several lender attributes that’s helped his business and a host of TFA members. Altes began by stating a good repo client gives agencies information — and lots of it.  “How many cars […] [Read More]

The Hudson Cook law firm revealed recently it has a new partner to establish its Cleveland office, hiring an attorney who previously served as counsel for Chrysler Financial. Joining the firm is Angela Maynard Shovein, whose practice will focus on federal and state consumer financial service laws. Officials noted that Maynard most recently was counsel […] [Read More]

AutoNation revealed Thursday that it has started talks with new and existing lenders for a new credit agreement totaling about $1.5 billion. The proposed five-year deal would include term loan and revolving credit facilities, and it would roughly be $328 million higher than the existing agreement. Additionally, the agreement would include an accordion feature that […] [Read More]

Ford Motor Credit revealed Wednesday that is has appointed a chief operating officer. Tapped for the newly created position is Bernard Silverstone, who is currently the president of marketing and sales for Ford Credit. Silverstone has also been elected a corporate officer of Ford Motor Co., as well. He will move into his new position […] [Read More]

Significant year-over-year gains in revenue and income during the third quarter prompted DealerTrack Holdings to raise its 2011 financial performance guidance. This week, DealerTrack revealed its third-quarter revenue came in at $95.8 million as compared to $63.1 million a year earlier. As a result, the company’s third-quarter GAAP net income settled at $5.4 million, up […] [Read More]

Ford Motor Credit created a new division Monday to finance consumer purchases of Lincoln models. Officials described Lincoln Automotive Financial Services by stating “the premium customer experience is even more seamless with available financing and exceptional service” from this new company. All customer touch points — contracts, invoices and customer service support — now are […] [Read More]

Skip-tracing expert Alex Price is offering several opportunities to study approaches to find debtors and vehicles. In his role as national sales director and training manager of MasterFiles, Price is holding free sessions titled, “The Art of Skip-Tracing.” They begin at noon ET daily through Nov. 18. Price believes participants will learn how to profile […] [Read More]

For repo agencies and recovery professionals seeking to abide by ever-changing regulations, LexisNexis is orchestrating a complimentary one-hour Webinar titled, “Protect Your Business — Best Practices for Collections Compliance.” The free session is set for 1 p.m. ET tomorrow. LexisNexis indicated participants will gain knowledge about four crucial areas of compliance: —Learn how recent collections’ […] [Read More]