Financial
Veteran Returns to QEK as VP of Strategic Sales
Monday, Jun. 7, 2010, 03:55 AM
Auto Remarketing
BLOOMFIELD HILLS, Mich. — QEK Global Solutions, a proprietary asset management software provider to several automakers, announced the return of an executive who previously spent more than 10 years at the company. Taking on the role as the vice president of strategic sales is Craig Cheatle, who worked at QEK from 1992 through 2004. All told, QEK […] [Read More]
Autobytel Explains Benefits of Tax Benefit Preservation Plan
Friday, May. 28, 2010, 01:55 AM
Auto Remarketing
IRVINE, Calif. — Autobytel's board of directors has instituted a Tax Benefit Preservation Plan that officials said would help the company maintain its use of net operating losses, which can be beneficial when it comes to federal taxes. Specifically, Autobytel claims this plan aims "to reduce the likelihood that Autobytel's use of its net operating losses, loss […] [Read More]
Some Repo, Remarketing Ideas to Drive the Best Results
Monday, May. 24, 2010, 01:00 PM
Dorothy Drake
CITRUS HEIGHTS, Calif. — Do you hear the alarm bells ringing in credit union board rooms across the nation? As deficiency balances increase, credit unions are searching for better ways to dispose of their inventories quickly and at the highest possible net return. "Credit Unions are trying all sorts of creative ways to get the most […] [Read More]
New York City Cracks Down on Collection, Recovery Agents
Monday, May. 24, 2010, 12:59 PM
Auto Remarketing
NEW YORK — Mayor Michael Bloomberg and the city's department of consumer affairs recently announced new debt collection regulations that govern all industry segments, including recovery agents. According to the new regulations that cover all five of the city's boroughs, collection and recovery agents now must provide proof the debt is owed at the consumer's request. City […] [Read More]
Hertz, Dollar Thrifty File for Antitrust Approval
Tuesday, May. 18, 2010, 01:58 AM
Auto Remarketing
PARK RIDGE, N.J. — The acquisition of Dollar Thrifty Automotive Group by Hertz Global Holdings took another step toward coming to fruition late last week. Officials from the companies revealed that they have filed a notification and report form with federal antitrust authorities under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 "We look forward to obtaining […] [Read More]
Identifying Types of Skips
Monday, May. 17, 2010, 01:00 PM
Alex Price
MOBILE, Ala. — As the song says, "a little help from my friends …" it has been said that a skip-tracer is only as good as his contacts, and I firmly believe that is 100 percent true. Several years ago, I was watching a movie about the first group of FBI profilers and how they worked […] [Read More]
Fortum Offers Free LPR Camera System to Approved Agents
Monday, May. 17, 2010, 12:59 PM
Auto Remarketing
DALLAS — Fortum Corp., a provider of license-plate recognition technology to the repossession and recovery industry, has just rolled out a program that includes a free camera system for approved agents. Company executives explained that along with the two-camera LPR system, agents also can become part of Fortum Recovery's national forwarding network. They indicated this status […] [Read More]
NADA Pushes for Dealer Intervention with Key Senate Vote Imminent
Wednesday, May. 12, 2010, 12:00 PM
Nick Zulovich
WASHINGTON, D.C. — The National Automobile Dealers Association repeated its petition late Tuesday for its membership to reach out to members of the U.S. Senate. The plea comes as crucial legislation that some argue would significantly impact dealer-assisted financing and more is about to be put to a vote sometime this week, with some expecting the vote to come […] [Read More]
LeasePlan USA Hires New VP of Sales for West
Tuesday, May. 11, 2010, 01:55 AM
Auto Remarketing
ALPHARETTA, Ga. — LeasePlan USA appointed a new vice president of sales for the West region on Monday. Named to the position is Kathy Fairbanks, who has 22 years of experience in sales and management. In her new position, Fairbanks will head up new business development in the mid- and large-fleet market segments for her territory, which […] [Read More]
How Facebook Can Be a Friend to the Recovery Industry
Monday, May. 10, 2010, 01:00 PM
Nick Zulovich
ESCONDIDO, Calif. — Premier Recovery Service received a repossession assignment earlier this year and immediately went to work on tracking down the collateral near where the contract originated in San Diego. Searching for the debtor through Facebook revealed the vehicle wasn't anywhere near the agent's home base or even in southern California. Premier Recovery Service owner […] [Read More]