Financial

EL DORADO HILLS, Calif. — American Recovery Service/Skip Busters and Digital Recognition Network recently shared how their partnership using license plate recognition technology delivered new thresholds of performance for lenders. By expanding LPR services, along with the core business of front-side and skip recoveries, ARS/SB recently recovered the 4,000th unit. Executives estimated the repossessions represent almost […] [Read More]

PARK RIDGE, N.J. — Hertz Global Holdings got the green light Tuesday from the Securities and Exchange Commission to purchase Dollar Thrifty Automotive Group. The SEC signed off on the company's registration statement. And now Dollar Thrifty is seeking the go-ahead vote from its stockholders when they have a special meeting on Sept. 16. Dollar Thrifty began sending […] [Read More]

DAYTONA BEACH, Fla. — When it comes to crazy world of the auto repossessor, there's sure been a lot in the news lately. A number of LPR companies — companies that sell special vehicle-mounted cameras to the repossession industry to operate and capture license plate numbers to feed into massive databases — have sprung up and have […] [Read More]

REDWOOD CITY, Calif. — OPENLANE chief executive officer Daniel Farrar looked to quell any apprehension from recovery agencies about the online auction company's recent acquisition of Recovery Database Network. In describing the deal to Auto Remarketing, Farrar emphasized that "we expect it to go smoothly." "RDN will be a wholly owned subsidiary of OPENLANE, so for […] [Read More]

CITRUS HEIGHTS, Calif. — Responding to its expanding market growth in the South and the East, Repo Remarketing recently bolstered its sales staff. Assigned to cater to clients in these regions is the company's newest executive account manager, Adam Hamza. Hamza's first industry experience came as his father worked at a dealership. His other professional roles […] [Read More]

PARK RIDGE, N.J. — Hertz Global Holdings — currently embroiled in a skirmish with Avis Budget Group to acquire Dollar Thrifty Automotive Group — didn't have the strongest quarter. The company incurred a net loss of $25.1 million. However, the company's chief executive officer said the "record performance" of its U.S. car rental segment highlights the strides made […] [Read More]

CARMEL, Ind. — Dealer Services Corp. of Indiana Wednesday revealed the company expanded its team of sales representatives into 10 additional dealer markets.  Executives emphasized this addition brings the total number of sales reps in DSC's business development team to more than 50, complementing the company's existing operations presence in 72 markets nationwide. The company indicated […] [Read More]

AUBURN HILLS, Mich. — Chrysler announced today that it will continue offering its 60-day pledge and national Tent Event promotions through the end of this month. To sweeten the pot, the automaker will also continue offering zero-percent financing via Ally Financial, as well. "Ally Financial continues to be an important partner to us, financing about 50 percent of our […] [Read More]

TULSA, Okla. — In addition to announcing that his company is on pace to hit record profits this year, Dollar Thrifty Automotive Group's chief executive officer also publicly responded to Avis Budget Group's recent bid to acquire the company. Scott Thompson said the company looks favorably on the offer, with one or two hitches. In essence, Thompson said his board of directors need […] [Read More]

PARK RIDGE, N.J. — Hertz Global Holdings just moved a step closer to acquiring Dollar Thrifty Automotive Group. Hertz is hoping to grab DTAG, while Avis Budget Group waits in the wings and hopes DTAG will select its offer instead. Less than a week after rival Avis Budget Group turned in a bid to buy Dollar Thrifty, […] [Read More]