Financial

SANTA BARBARA, Calif. — ALG has scheduled a free Webinar to discuss the latest residual value trends. The Webinar, titled "Learn How to Navigate This Year's Market Challenges and Come Out on Top," is set for 2 p.m. ET on April 29. "Between numerous recalls, emerging brands, and a resurgence of American muscle amid the continued […] [Read More]

SHELBY TOWNSHIP, Mich. — Todd Wysocki, president Michigan Auto Title Services, recently hired a new executive to serve as vice president of strategic planning and analytics. Coming over to MATS from Hyundai Motor Finance is Matthew Yoo. MATS is looking for Yoo to leverage key factors of success in the title industry and proprietary process developed […] [Read More]

TULSA, Okla. — Dollar Thrifty Automotive Group announced a $200 million financing transaction on Friday to finance more fleet vehicles. The company's chief executive officer highlighted that DTAG can again access the capital markets at competitive rates. Explaining the financing in more detail, the company said its Rental Car Finance Corp. subsidiary issued $200 million of Rental Car Asset […] [Read More]

DETROIT — The NAFA Fleet Management Association said Thursday that it is offering fleet managers free admission to the expo hall and two of the keynote addresses at its upcoming 2010 Institute & Expo, which will be held April 24-27 at Detroit's Cobo Center. Qualifying fleet managers — meaning those who either manage a fleet or are […] [Read More]

FORT WORTH, Texas — There is quite a bit of information currently circulating about license plate recognition technology and the various companies that are providing this technology and services. As a recovery professional, I am sure many of you are interested in learning factual information that would enable you to make an informed decision as to how, […] [Read More]

SAN ANGELO, Texas — In preparation for its 74th annual training conference and seminar this week in San Diego, the president of the Allied Finance Adjusters Conference reiterated points that have been echoed by recovery agents from throughout the country. George Badeen issued a message to the conference's membership and anyone involved with repossessing vehicles about […] [Read More]

PALATINE, Ill. — Recent published reports included comments from consumer groups about how license plate recognition technology used by recovery agencies could be compromising privacy. However, a pair of LPR technology providers and a well-respected industry legal adviser all refuted these claims. One provider, MVTRAC, used its two decades of recovery and remarketing experience to create […] [Read More]

DAYTONA BEACH, Fla. — To the professionals in the repossession industry — and yes there are hundreds of them in this business — there's nothing funny or entertaining about Operacion Repo, so-called "reality TV."  Although it slips by pretty quickly in the credits, it has a disclaimer up front that the scenes are staged, coyly referring to them […] [Read More]

DALLAS — The American Recovery Association deemed its recent North American Repossessors Summit a triumph as hundreds of recovery agencies and industry service providers gathered for a two-day event of constructive dialogue. The sold-out summit on March 13 and 14 drew more than 300 attendees who participated in various panel discussions and listened to speakers from […] [Read More]

DETROIT — Ed Whitacre, chairman and chief executive officer of General Motors, said late last week that his company plans to make its second quarterly loan payment to the U.S. Treasury and Export Development Canada on Wednesday, ahead of schedule. More specifically, Whitacre said, "In keeping with our commitments to the U.S. and Canadian and Ontario taxpayers, […] [Read More]