Automotive logistics services provider MetroGistics announced Tuesday the appointment of its new vice president of finance. Bringing decades of financial experience to the position is Bob Brinson, who has been a certified public accountant since 1981. “We’re extremely pleased to welcome Bob to MetroGistics,” said William Billiter, the company’s co-founder and managing partner. “We’ve grown […] [Read More]

The American Recovery Association recently finalized a partnership with AW Direct; a pact expanding across ARA events, tradeshows and webinars to offer more benefits and opportunities to association members. Officials described the development as a “one-of-a-kind” partnership aimed at making AW Direct a pivotal part of ARA, which added that it strives to provide the […] [Read More]

After gathering its third-quarter data, Experian Automotive spotted the highest percentage of vehicles leased since the company began tracking the data publicly in 2006. While leasing is immensely popular with consumers who want a shiny, new ride at a more affordable price, one national analyst acknowledged there are “some risk factors to keep an eye […] [Read More]

The major delinquency metrics Experian Automotive tracks on a quarterly basis remained nearly flat across the board as analysts generated their third-quarter figures. According to Experian’s most recent State of the Automotive Finance Market report, 30-day delinquencies associated with the total number of outstanding auto loans decreased by 13 basis points year-over-year in Q3 to […] [Read More]

Volkswagen Group of America elevated one of its executives at VW Credit on Monday to be president and chief executive officer of the captive finance company. Taking on the role effective Jan. 1 is Horst Meima, who most recently served as executive vice president and chief financial officer of VCI. Meima brings with him more […] [Read More]

ACA International chief executive officer Pat Morris reiterated three reasons why collection industry executives should participate in the organization’s 2016 Washington Insights Conference, which had to be adjusted due to a revised congressional schedule released by new leadership in the U.S. House of Representatives. While the date has changed to April 20 and 21, Morris maintained […] [Read More]

Reynolds and Reynolds announced that it has joined on as an NIADA Member Benefit Partner for the National Independent Automobile Dealers Association. Reynolds Document Services will now provide the business forms and sales contracts, compliance services, branding products and other dealership supplies to the NIADA’s dealer members in North America. “We’re pleased to join the NIADA […] [Read More]

ACA International, the association of credit and collection professionals, is raising concerns over a regulatory enforcement program launched last week by the Federal Trade Commission that officials contend could paint legitimate debt collectors and fraudsters with one broad stroke. The Federal Trade Commission announced the beginning of Operation Collection Protection — a new coordinated federal-state […] [Read More]

Auto Remarketing and SubPrime Auto Finance News on Tuesday highlighted the winner of this year’s Re3 Executive of the Year Award, which is being presented by Consolidated Asset Recovery Systems. This year’s winner is Scott Phillips, who is vice president of credit risk and business process at Lendmark Financial Services, which was founded in 1996 […] [Read More]

Millennium Capital and Recovery continued its series of strategic additions to its executive management team by recently tapping Jeffrey Marsh as chief business development officer. The company emphasized Marsh’s addition further demonstrated Millennium’s commitment to current and future clients through the continued strengthening of its leadership team with Steve Todd serving as senior vice president […] [Read More]