Consolidated Asset Recovery Systems — again the sponsor of this year’s Re3 Executive of the Year Award to be presented during Used Car Week — is offering two chances to attend a free webinar examining the issues associated with vehicle transportation. The session titled, “Leveraging Transportation to Optimize Recovery Costs: A Look Into the Future,” […] [Read More]

Recovery management services provider Millennium Capital and Recovery Corp. recently achieved the AT101 Service Organization Controls (SOC) 2, Type 2 Report for the fourth consecutive year.  The company highlighted the SOC 2 examination has taken on greater significance during the past couple of years as consumer finance companies work to attain greater assurances regarding their […] [Read More]

To help navigate this regulatory terrain created by the Consumer Financial Protection Bureau, Vendor Transparency Solutions together with Weltman, Weinberg & Reis will be presenting a free live webinar for auto finance companies and their contracted service providers. The webinar will be presented by Michael Dougherty of Weltman Weinberg & Reis, a leading authority on […] [Read More]

The American International Automobile Dealers Association, along with affinity partner Bass Sox Mercer, will host a free AutoTalk webinar on Aug. 18 to discuss how manufacturers measure dealership sales performance. According to AIADA, the webinar will discuss the “hidden factors” contained within a manufacturer’s sales performance formula that have the largest impact on its measurements. […] [Read More]

In the latest installment of the annual Power 300 issue of Auto Remarketing, we launched a new feature to spotlight just a few of the companies on the list. In a Q&A format, we go behind the scenes with some of the leading companies in the used-car space. First up in this series is Brian Geitner, […] [Read More]

Cox Automotive and Westlake Financial Services are among the companies involved in overhauled and pilot programs to provide vehicles for Uber, the online transportation service provider that’s grown in popularity in some of the largest U.S. metro areas. Uber explained this week that its revamped leasing program for its network of drivers dubbed Xchange Leasing […] [Read More]

Officials announced recently that ADESA subsidiary PAR North America has been selected as TD Auto Finance’s Repossession Vendor of the Year for the second consecutive year. The company highlighted PAR’s selection was based on outstanding ratings on performance, compliance and communication. PAR was the segment leader in key performance areas, including: — Repossession rate — […] [Read More]

Re3 Conference presenting sponsor Digital Recognition Network (DRN) announced on Tuesday that the company is providing its Event Links product to the National Insurance Crime Bureau (NICB) free of charge. Company officials highlighted Event Links, often used by insurance company special investigative units, uses DRN’s vehicle location data to provide evidence of individual and collusive […] [Read More]

If you’ve noticed your finance office contains a steady stream of customers in their 20s signing new-model lease contracts, don’t be surprised or alarmed. New analysis from Edmunds.com indicated millennial buyers opt to lease their vehicles at a higher rate than the overall buying population. And for dealers in certain parts of Michigan, Minnesota and […] [Read More]

MVTRAC president Luke Smith recently was named the Leukemia & Lymphoma Society's 2015 Man of the Year. Collectively, Smith along with the other candidates from the Illinois chapter raised more than $600,000 to help cure leukemia, lymphoma, Hodgkin's disease and myeloma and improve the quality of life of patients and their families. The 10-week campaign held […] [Read More]