The fate of ex-used-car sales manager Alireza Zolnasr is now in the hands of British Columbia Supreme Court Justice Peter Willcock after Zolnasr was convicted of  swindling nearly $260,000 from the Pacific Honda dealership that used to employ him, according to a report by North Shore News. Sentencing for Zolnasr is scheduled for November, and […] [Read More]

Earlier this week, Chrysler revealed several new incentives for October, while also upgrading an existing offer. The introductory incentives are good on select 2012 model-year units. The offers are as follows: —For the 2012 Chrysler Town & Country and the 2012 models of Dodge’s Grand Caravan, Charger and Challenger, qualified buyers can receive $500 in […] [Read More]

KAR Auction Services revealed late Monday afternoon that its deal to buy OPENLANE has officially closed. The acquisition — which was announced in August — is now final. “Finalizing the acquisition of OPENLANE is great news for our employees, customers and other stakeholders, and we’re very excited to be able to move forward today as a unified […] [Read More]

Renovo Services recently brought in a former executive from PAR North America to be its vice president of customers. Tapped for the role is Annie Lowell, who most recently was executive sales director at PAR North America. Renovo is looking to Lowell to oversee the national sales function as well as grow existing relationships and […] [Read More]

Not only is the Illinois Recovery Association ready to celebrate its 10th anniversary, the organization is using its annual meeting to discuss how the recently passed Collateral Recovery Act is going to affect repo agencies in the state. The association is meeting Friday at the Embassy Suites in East Peoria, Ill. IRA intends to use […] [Read More]

The Used Car Dealers Association of Canada says the Insurance Bureau of Canada has “terminated” its access to the accident insurance claim data that it uses in its AutoCheck vehicle history reports, so now the group has initiated legal action to get that data back and get these history reports rolling once again. To shed […] [Read More]

Volkswagen Credit announced its new president and chief executive officer on Tuesday to replace the retiring Kevin Kelly in January. Promoted to the position is Andrew Stuart, currently the executive vice president and chief financial officer, a position he has held since 2009. Kelly will retire following 34 years of service. His time with Volkswagen […] [Read More]

Along with completing an amendment to its senior secured credit facility on Monday, Dollar Thrifty Automotive Group revealed its financial performance expectations for the third quarter. The company projected third-quarter rental review to increase by approximately 2 percent year-over-year. Consistent with the trends experienced during the first half of the year, Dollar Thrifty noted that […] [Read More]

Skip-tracing is far more than just calling people and asking if they know where the debtor is.  Psychology and the resulting study of human nature are critical keys to your success in this career path. It’s a known fact that we are all creatures of habit. So no matter the situation, we will react in […] [Read More]

Repo Remarketing recently broadened its executive team to serve credit unions and more by naming a new vice president of business services. Tapped for the position is Rob Savre, who brings more than 30 years of industry experience to the company. Repo Remarketing highlighted Savre’s repossession career started at Wells Fargo Bank as an in-house […] [Read More]