Archive for the ‘Tools & Insights’ Category
Industry Scorecard Sets Standards to the Entire Recovery and Lending Community
Dallas, TX, February 1, 2011 – American Recovery Association, Inc. (ARA), the world’s largest organization of professional finance adjusters and certified recovery specialists, and Subprime Analytics, a leader in performance analysis of subprime portfolios, today announced the second phase of the recovery industry scorecard initiative with compiled data from January 1 to December 31, 2010. (more…)
By Zach Hallowell, Business Line Director, OPENLANE
Selling repossessed vehicles from a recovery yard is nothing new. In fact, years ago, most repossessions were sold directly from the recovery yard to local dealers, helping to earn the recovery company a steady stream of revenue. But over the last few decades, that’s become increasingly rare. (more…)
By Zach Hallowell, Business Line Director, OPENLANE
In recent years, recovery agents have been hard-pressed to provide a comprehensive set of end-to-end, recovery through remarketing services to the lenders and financial institutions they serve. Lenders are increasingly concerned about ensuring their cars receive an adequate audience of bidders to fulfill their obligation to sell the vehicle in a commercially reasonable manner. (more…)
UPDATE! OPENLANE Extends Exclusive $500 ARA Member Incentive and Enhances Selling Agent Opportunity
Due to the overwhelming response, OPENLANE, the leading online wholesale auction in North America, is EXTENDING its ARA Member-exclusive offer of a $500 American Express Gift Card when you sell your first vehicle on OPENLANE.com. This offer is limited to first-time OPENLANE sellers only and ends July 31, 2010*. Be sure to take advantage of this extended offer! (more…)
