In today’s transient society we see people moving from residence to residence, from city to city and from state to state. The financial and collection divisions of automobile sales companies are faced with a major obstacle: “What do we do when mail returns and we do not know where our secured collateral is located?”   [Read More]

After both Hertz and Avis Budget Group learned that Dollar Thrifty Automotive Group shareholders voted against the Hertz merger, both reacted by speaking out. Hertz confirmed its earlier statement that it will no longer seek to acquire DTAG. [Read More]

Though details regarding net income are not made available by the private company, Enterprise Holdings said late last week that the profit improvement it made in fiscal 2010 was an all-time high. And with the smooth transition the Alamo Rent A Car and National Rental brands have made as well as the anchor Enterprise Rent-A-Car […] [Read More]

In late breaking news out Thursday, Dollar Thrifty Automotive Group’s shareholders voted against a merger with Hertz. According to Bloomberg, the vote came in at 13.8 million shares against the Hertz bid, compared with 11.8 million shares in favor. The vote took place during a special meeting in Chicago that began at 11 a.m. and didn’t […] [Read More]

A Florida repossession agent skirted serious injury when an individual reportedly opened fire with an automatic weapon. And in a twist, it was the alleged shooter who ended up with a bullet wound. A report posted by NBC Miami detailed how a 21-year-old North Miami Beach man faced criminal charges along with a non-life-threatening injury […] [Read More]

As was expected, AmeriCredit shareholders voted in favor of the company’s acquisition by General Motors. Since more than the required 66.7 percent of AmeriCredit issued and outstanding shares voted in favor of the transaction, executives said the merger is now expected to close Friday, Oct. 1. The votes were reported at a shareholder meeting held […] [Read More]

A repossession agent made a gruesome discovery while on assignment earlier this month in this community north of St. Louis. The local sheriff’s office eventually determined the agent uncovered a murder-suicide. The agent arrived at the home and found two deceased individuals, according to reports from the Madison County Sheriff’s Department published by the St. Louis […] [Read More]

As OPENLANE prepares to launch new enhancements and special promotions at this week’s annual American Recovery Association convention, the company also shared how many agencies have registered to remarket repossessed vehicles since the beginning of the year. OPENLANE executives indicated more than 80 recovery companies, representing hundreds of lenders and thousands of repossessed vehicles, are […] [Read More]

In an apparent retort to Avis Budget Group upping its offer to acquire Dollar Thrifty Automotive Group the day before, Hertz Globing Holding said Friday that the price in its agreement with Dollar Thrifty is its “best and final offer” and believed that the deal will be green-lighted by DTAG’s shareholders when they meet later […] [Read More]

General Motors of Canada has rolled out a new financing package via Ally that allows its dealers to offer consumers flexibility, attractive rates and some of the benefits of a lease without the drawbacks. Basically, when a customer chooses the Smart Purchase financing program, the term of the loan is for up to 84 months. [Read More]