The American Recovery Association has two free webinars scheduled for this week for member agencies and their employees, covering a wide array of repossession issues. The two sessions are scheduled for 12:30 p.m. EST on Wednesday and again at 3 p.m. EST on Thursday. One segment is titled, “The Importance of Employee Professionalism,” which will […] [Read More]

If you’re looking for states that are ideal for putting together a lease deal, your best bet is likely the Northeast or Upper Midwest.   According to an infographic from Equifax that breaks down the lease ranges state by state on a U.S. map, leasing commanded at least a 20-percent share of full-year 2013 originations […] [Read More]

Repossession and remarketing now have international implications for one provider, as it announces the expansion of its services. On Monday, risk management and loss migration provider Remarketing of America announced that as of this month, it will provide comprehensive vehicle repossession and remarketing solutions throughout Europe. “During the last six months, our team has developed […] [Read More]

Del Mar Recovery Solutions, a full service repossession management, skip-tracing, license plate recognition and remarketing firm, recently hired a previous honoree in Auto Remarketing’s annual list of Women in Remarketing. Joining the company as its new senior vice president in charge of client relations and business development is Claudia Plascencia, who is being asked to […] [Read More]

This week, Digital Recognition Network released a new solution the company is calling Address Scoring, a tool geared to help its customers drive portfolio returns. DRN highlighted Address Scoring can deliver actionable business intelligence that results in improved processes, better customer service and reduced costs. For a limited time, DRN is offering Address Scoring as […] [Read More]

Dealer Preferred Capital on Monday expanded its floor plan and float lending at the Greater Rockford Auto Auction as part of GRAA’s year-long 40th anniversary celebration.  Late last year, officials recapped that the Dealer Preferred Capital launch at GRAA focused on offering a competitively priced floor plan that could respond quickly to dealer needs. Dealer […] [Read More]

In a Kelley Blue Book analysis released late last month that pointed to April being “another solid month” for the new-car market, KBB senior analyst Alec Gutierrez attributed some of the sales strength to enticing lease deals. Along with “rising consumer confidence and improving employment conditions,” Gutierrez said in the April 28 report that new-car […] [Read More]

New-vehicle incentives are ticking a bit higher compared to this time last year, but analyses from a variety of outlets are showing automakers haven’t emptied their chambers in the incentive department — and as most know, strong incentives can potentially erode used values down the road. Auto Remarketing examined incentive trends from CNW Research, Cars.com and […] [Read More]

Recent data from Equifax, summing up 2013 trends, shows that the number of subprime auto financing originations climbed for the fifth year in a row, surpassing 7 million contracts for the first time since 2007. Analysts indicated the number of subprime contracts for 2013 came in at 7.3 million, up from 6.6 million a year […] [Read More]

Ford Credit’s repossession volume in the first quarter was steady sequentially, but dipped from year-ago numbers, while charge-offs increased in both comparisons, according to metrics from Ford’s 2014 Q1 fixed income presentation that Manheim Consulting chief economist Tom Webb shared on his blog. The data set indicates repos were around 7,000 units in Q1, even […] [Read More]