Swapalease.com reported on Tuesday that lease credit approvals on its site in March rose from the yearly low established a month earlier. The March rate came in at 69.6 percent, up from 66.7 percent recorded in February. Site analysts noted the 69.6 percent approvals mark is also the level of the last three months, indicating […] [Read More]

Recovery Database Network (RDN) and Inilex, a national provider of vehicle telematics solutions, recently announced they have successfully integrated Inilex’s GPS-based vehicle location information into RDN’s vehicle repossession management software, giving dealers instant access to vehicle location information. Officials insisted this integration is especially beneficial to special finance lenders and large-scale buy-here, pay-here dealers that […] [Read More]

BoostUp.com — a free social savings website that can help consumers raise money toward a major purchase like a vehicle — recently formed a new partnership with Penske Automotive Group.  Officials highlighted select Penske dealerships will now provide a discount — what the site calls a BOOST — of up to $500 to all BoostUp.com […] [Read More]

As MBSi Capital rolled out enhanced availability of its mobile application, the company also decided to supplement the reward program offered by Primeritus Financial Services. Launched earlier this year, Primeritus’ quarterly reward program will honor its top-performing agency partners in regard to their peers based on both compliance and success. Every quarter, the Primeritus program […] [Read More]

In light of the Dodge brand’s “Double-Up” program announced Monday, Kelley Blue Book shared some analysis from Eric Ibara, its director of residual value consulting, about what sort of impact this move could have both in terms of marketing as well as future auction volumes and values. First, the basics of the offer. Chrysler Group […] [Read More]

ADP announced this morning that it plans on spinning off its Dealer Services business. The company said in a statement that its board of directors approved a proposal to separate the Dealer Services unit into an independent publicly traded company; this will be done via a tax-free spinoff of the entirety of Dealer Services to […] [Read More]

In addition to dissecting April’s “plentiful” new-car incentives and lease deals spurred by the need to move inventory in preparation for the arrival of new vehicles, Cars.com said in an analysis this morning that special manufacturer promotions have driven leasing levels that approach all-time highs. “Relatively slow sales pace in the first quarter of 2014 […] [Read More]

New York’s attorney general recently announced 10 repossession agencies will not repossess vehicles at the request of title-loan companies that Empire State officials believe might be booking illegal contracts with consumers. The agencies that were party to the agreement with attorney general Eric Schneiderman included: —Advanced Recovery of New York (Rochester, N.Y.) —ALSCO of Buffalo […] [Read More]

Donlen recently announced plans for its 50th anniversary celebration. The company will hold its celebration events in tandem with the NAFA Institute and Expo 2014, scheduled for April 8-11 in Minneapolis. The company’s main anniversary event will be a 50th birthday celebration planned for April 9, which will include a concert from an undisclosed band. […] [Read More]

Repossession and remarketing services provider Consolidated Asset Recovery Systems recently formed a partnership with MVTRAC, a provider of automatic license plate recognition called The Intelligent Data Network. Officials explained the partnership allows CARS to use this technology to immediately locate vehicles of interest and execute compliant skip-tracing and instant-recoveries through MVTRAC’s ALPR software. Through this […] [Read More]