Allied Finance Adjusters now has a mobile app that’s designed to help member repossession agencies better connect with finance companies. Designed for Android, Apple and Microsoft mobile phones and tablets, the organization indicated this is a “true” app that has been developed and built specifically for Allied Finance Adjusters. “This is not an out-of-the-box, cookie-cutter […] [Read More]

Two automakers this week announced they had formed partnerships with popular ride-sharing providers. Toyota Financial Services announced a strategic investment in Uber that will allow Uber drivers to lease their vehicles through Toyota and cover their payments through their rideshare earnings. The Volkswagen Group, meanwhile, said it has made a $300 million investment Gett (formerly […] [Read More]

Here’s more data showing how much metal is rolling over the curb as leased vehicles nowadays. Experian Automotive reported on Thursday that open leases originated during the first quarter grew by 27.55 percent to an all-time high of $76.9 billion, up from $60.1 billion spotted during the previous year. According to the most recent State […] [Read More]

ACA International recently released a new white paper as part of its ongoing initiative to collect original data about the credit and collection industry and show how debt collection companies impact the economy.   In its paper titled “Methodological and Analytical Limitations of the CFPB Consumer Complaint Database,” ACA highlighted that the Consumer Financial Protection […] [Read More]

A statement from RouteOne released Monday afternoon indicates that chief executive officer Mike Jurecki is leaving the company to take the same position at FordDirect. Jurecki, who headed the creation of the RouteOne joint venture that launched in 2002, had been CEO from the beginning. FordDirect confirmed the news to Auto Remarketing in a statement […] [Read More]

Black Book unveiled its May residual forecast on Monday, illustrating the downward pressure on prices that increased supply will continue to have over the next few years.  Black Book forecast data showed that residuals on an average 3-year-old vehicle will dip from the current three-year retention of 52.0 percent in 2016, to 47.8 percent by […] [Read More]

The American Recovery Association recently highlighted the enhanced performances that members who participate in the exclusive ARA insurance program enjoy. ARA indicated these members have an average loss ratio 20 percent below the industry average. The association explained this program-wide loss ratio allows a dividend back on insurance premiums for all program participants. The exclusive […] [Read More]

With so much buzz lately on used lease options, consumers naturally want to know if their monthly payments on a used vehicle will be significantly lower than for a new one. To give consumers a glimpse into deals that are out there, Swapalease.com recently compared new versus used monthly lease payments on two popular GMC trucks.  The […] [Read More]

Federal and state regulators have charged dealers numerous times with deceptive advertising trying to entice consumers. But the National Automobile Dealers Association recently spotted a campaign in which stores have been the target. NADA indicated some dealers may have received an email with the subject line “Local Expiring Leases.” The association noted the email also reads […] [Read More]

Feedback from recovery professionals who attended this year’s North American Repossessors Summit (NARS) highlighted how much the event was successful and demonstrated the ongoing improvement and evolution of the space. Organizers of the event hosted by American Recovery Association indicated that the summit ushered in a “new era” for the recovery and remarketing industry. From […] [Read More]