Noting profitability has reached levels not ever seen before, Hertz Global Holdings highlighted its second-quarter financial performance this week, including jumps in revenue, adjusted pre-tax income and adjusted net income. The company’s second-quarter worldwide revenues came in at $2.1 billion, a 10.3-percent increase year-over-year. Hertz indicated worldwide car rental revenues for the quarter increased 9.8 […] [Read More]

ACA International, the association of credit and collection professionals, recently confirmed its new president during its 72nd annual convention and exposition in Dallas. Now overseeing ACA’s volunteer executive committee and board of directors as president is Mark Neeb, of Rochester, Minn. Neeb’s term runs through next year. Neeb, a certified public accountant, entered the third-party […] [Read More]

Renovo Services recently announced it has achieved SAS 70 Type II certification. The company explained this certification requires an in-depth audit of the controls surrounding the development and continuing maintenance of IRIS 2.0, Renovo Service’s proprietary operating platform, as well as the infrastructure and IT procedures needed to support this operation. “Obtaining SAS 70 certification […] [Read More]

Canada’s 2011 leasing rates for mainstream brands are expected to see a double-digit year-over-year spike, with gains for luxury brands skyrocketing even higher, according to ALG. What’s more, in light of its current residual projection for Canada, the firm believes several automakers will benefit nicely from the leasing uptick, as these brands and their dealers will […] [Read More]

With the Dodd-Frank Wall Street Reform and Consumer Protection Act becoming effective last week, dealers now have a few steps they must take when it comes to disclosing credit-score information in Adverse Action Notices. As such, DealerTrack has upgraded its Performance Suite so that dealers can remain compliant with the act. Basically, the act expands […] [Read More]

Penske Automotive Group revealed this week that its board of directors increased its quarterly dividend 14 percent from the previous quarter. The cash dividend Penske intends to pay is 8 cents per share, up from 7 cents per share. The company noted the dividend is payable on Sept. 1 to shareholders of record on Aug. […] [Read More]

Automotive finance and insurance product company JM&A Group announced Tuesday the launch of a new plan designed for lease and short-term vehicle owners. Term Care Select offers drivers mechanical failure protection on the majority of mechanical components, as well as wear-and-tear coverage on items such as brake pads, batteries, headlamps, belts and hoses, fuses, light […] [Read More]

Sometimes mixing together veteran repossession agents and forwarding companies can create a combative situation. But that’s not the approach Time Finance Adjusters’ executive director takes. In fact, Ron Brown told Auto Remarketing that he has “no problem with forwarders. I admire them as a matter of fact.” For example, Brown shared that he counts David […] [Read More]

Skip-tracing expert Alex Price is offering several chances this week to learn more strategies to find debtors and vehicles. In his role as national sales director and training manager of MasterFiles, Price is holding five free sessions titled, “Learn How to Turn Skip-Tracing into Skip-Collecting.” The first hour-long Webinar begins today at 2 p.m. ET.  […] [Read More]

In a Webinar geared toward credit unions and other auto lending institutions, NorthLegal Training and Publications plans to outline several questions that should be answered in order for a vehicle recovery to be processed legally. The session titled, “Repossessions: Before You Pick Up Collateral,” is set for Thursday at 1 p.m. ET. The agenda includes […] [Read More]