According to the 2015 Manheim Used Car Market Report, total repossessions increased by 8 percent in 2014 to an estimated figure of 1.48 million. In the coming years, Manheim projects that the increases will likely be more substantial, but not necessarily because finance company portfolios will be worth less than the paper on which their […] [Read More]

NCM Associates has announced its plans to reveal its data management tool, LiveAudit, at the upcoming NADA Convention & Expo in San Francisco. The cloud-based application, which NCM claims is the “first-and-only-of-its-kind data management tool,” works with dealership accounting systems to “ensure accuracy and lessen the chance of fraud and financial mismanagement in every department.” Paul Faletti Jr., […] [Read More]

In an effort to mitigate risk, regulatory experts from Wolters Kluwer Financial Services identified a list of top compliance issues facing U.S. financial institutions in 2015. The company’s experts indicated that heightened regulatory scrutiny, together with the enactment of major new regulations and pending rule changes, will represent significant challenges of varying impact for financial […] [Read More]

Better than four out of five drivers are willing to consider getting a used-vehicle lease that was 3 years old, according to a study released by Swapalease.com. Specifically, Swapalease conducted an online survey of 2,500 drives in November and found that 82 percent are willing to at least mull over this option. Granted, there was […] [Read More]

The fact that lease penetration rates have pushed towards the 30-percent range in recent months is “one of the key drivers” to such strong new-car sales, Kelley Blue Book senior analyst Alec Gutierrez said in a conference call with the media on Monday. But what are consequences of such sky-high leasing rates, coupled with the […] [Read More]

Primeritus Financial Services employees worked hard campaigning for their favorite charities throughout 2014. The company’s personnel supported organizations such as the American Red Cross, the American Diabetes Association and A Special Wish Foundation. “Our employees held a highly successful Red Cross Blood Drive and a walk to raise money and awareness for the American Diabetes […] [Read More]

Swapalease.com reported on Wednesday that lease credit approvals during November continued to increase, fueling even more end-of-year momentum for lease applications and vehicle exchange rates. Site analysts noticed November’s reading marked the second-highest monthly lease approvals rate, coming in at 84.2 percent. They recapped that the August rate was 85.7 percent. Swapalease explained that the monthly approvals […] [Read More]

The American Recovery Association — organizers of the North American Repossessors Summit (NARS) — recently announced sponsorship opportunities and exhibitor space are now available for its seventh annual event that begins on March 12. In addition to the usual sponsorships allocated for the cocktail reception, lunch, breakfast as well as snack and networking, among others, […] [Read More]

Along with offering five recommendations aimed at helping individuals who might be heading to your franchised store showroom, recent analysis by Swapalease.com showed consumers can often get a better lease deal if they opt for a model from the incoming model year, even in December when end-of-year negotiating intensifies. For example, site officials found that […] [Read More]

The Consumer Financial Protection Bureau recently released its semiannual report to Congress and contained within the nearly 200-page document are the top six debt-collection complaints the regulator received. Here is the percentage breakdown of those six grievance categories consumers reported to the bureau between April 1 and Sept. 30. CFPB officials indicated they received approximately 86,900 debt-collection […] [Read More]