What a lovely beginning to the month of July – hot, hot weather where ever you look in the country, and a very hot and sunny 4th July too.
We have seen a remarkable increase in automotive sales for the month of June 2012 – according to the media with most of the major auto manufacturers presenting their sales reports.
To reflect the increase in sales, included in www.theamerincarepossessor.com are numerous articles relating to the auto companies eg., Honda, Toyota, Ford, Hyundai, Kia, Nissan, Subaru, GM, Chrylser, to name but a few.
And of course, most consumers are getting their money from somewhere – one would hope that the financial institutions are busy making the loans to support the sales. Continue »
The intersections between federal and state laws can be complicated. When federal and state laws conflict, courts will often hold that the federal law prevails over the state law. Lawyers refer to the concept as “federal preemption.”
It isn’t often that the concept of federal preemption gets mentioned in a case involving a vehicle repossession. Here’s such a case.
Robert Pelkey alleged that Dan’s City Used Cars, Inc. towed his 2004 Honda Civic pursuant to a parking policy at Colonial Village that required tenants to move their cars during snowstorms. At the time, Pelkey was confined to bed due to a serious medical condition and did not realize that his car had been towed.
Soon thereafter, he was admitted to the hospital for a procedure to amputate his left foot, during which he suffered a heart attack. After returning home and learning that his car was missing, Pelkey had his attorney make inquiries into the car’s location. Continue »
Late last year www.theamericanrepossessor.com readers where introduced to a new concept in national repossession/recovery services, Relliance Inc. Relliance is a cooperative based company, which means it is owned and run by recovery agents from all over the country, joined together to form one organization to fulfill repossession and remarketing services for national lenders that want a single point of contact. By filling a need only presently being addressed by large forwarding companies, Relliance has set a vision to bring some balance back to an industry that has been damaged by low fees and substandard performance at the agent level.
This article is the second in a multi-part series describing the progress Relliance has made toward fulfilling its mission. Additionally, the following will give a glimpse into the future of national repossession services in today’s market as it is currently evolving. Continue »
7/3/2012 DETROIT – General Motors Co. (NYSE: GM) today reported June sales of 248,750 vehicles in the United States, up 16 percent year over year and the company’s highest sales since September 2008. Chevrolet, Buick, GMC and Cadillac all reported double-digit increases.
“Across the board, June was a strong month for GM,” said Kurt McNeil, vice president, U.S. Sales Operations. “The combination of new products, available credit, lower fuel prices and modest economic growth was a stronger influence on consumer behavior than economic and political uncertainty.” Continue »
Honda division sales up 45 percent, Acura sales up 76 percent
TORRANCE, Calif., July 3, 2012 /PRNewswire/ — American Honda today reported June 2012 U.S. sales of 124,808 units, an increase of 48.8 percent compared with June 2011 (an increase of 43.3 percent based on the daily selling rate*). The Honda Division posted June 2012 sales of 109,438 units, an increase of 45.6 percent compared with June 2011. Acura’s U.S. June sales of 15,370 units increased 76.5 percent compared with June 2011. Continue »
- Nissan Division achieves record June sales
- Infiniti sales increase 66.1% from prior year
FRANKLIN, Tenn., July 3, 2012 /PRNewswire/ – Nissan North America, Inc. (NNA) today reported June U.S. sales of 92,237 units versus 71,940 units a year earlier, up 28.2 percent. Nissan Division sales increased 24.6 percent for the month at 81,801 units. Sales of Infiniti vehicles were up 66.1 percent over the prior year, to 10,436 units. Continue »
Fastest-Growing Car Company int he U.S.  Breaks 150,000 Quarterly Sales Mark for First Time in Q2 and Achieves 22nd Consecutive Monthly Sales Record
IRVINE, Calif., July 3, 2012 /PRNewswire/ — Kia Motors America’s (KMA) unprecedented momentum and growth reached new heights last month with best-ever June sales of 51,326 units, a 13.9-percent increase over the same period last year, contributing to the brand’s best quarter ever of 150,647 units – topping more than 150,000 units in a three month period for the first time. Kia’s streak of consecutive monthly sales records extended to 22 months, and the brand’s historic second quarter performance capped off the best first half in company history with year-to-date sales up 17.8 percent. Continue »
NAME: Greenwood Recovery, Inc.
ADDRESS: 1370 West North Avenue, Baltimore, MD 21217
CONTACT NAME: Burt (Buz) Greenwood, Jr. – President
GEOGRAPHIC COVERAGE: Maryland, Delaware, Washington DC, Northern Virginia, Southern Pennsylvania
INDUSTRY ASSOCIATIONS: NFA, ARA, TFA, TRPM
INDUSTRY CERTIFICATIONS: CARS, CCRS
REPOSSESSION SOFTWARE: RDN – Primary, PRIOS, iRepo/RePros , IRIS, Webtracker
REPOSSESSION INSURANCE: HUB International
REMARKETING SERVICE COMPANY: Greenwood Remarketing Corp., Auto Title Service Corp., Chesapeake Vehicle Transport
ABOUT GREENWOOD RECOVERY, INC: Has been providing Repossession and Recovery Service to the Mid-Atlantic area since 1954. $5 Million Bond, Secure Storage, DRN-Tag Recognition, with rich history of historical plate data, State-of-the-Art Locksmith Service.
Repo Remarketing announces the launch of its Skiptracing company,
Find Track Locate, FTL
Wednesday, May 1, 2012 (Citrus Heights, CA) ̶ When conventional means fail to locate and repossess
a vehicle, the financial institution loses money. They have long needed a partner that they can trust to end
their frustration. As a result, Repo Remarketing, a national leading repossession and remarketing service,
announced the founding of a sister company, Find Track Locate (FTL). Founded in April 2012, Find
Track Locate is a nationwide skiptracing partner to credit unions and financial institutions alike.
Repo Remarketing identified that its partners had an urgent struggle, and with our strong position in the
industry it was a natural fit. Find Track Locate was founded to bridge the gap of a “dead” account; and
successfully complete the challenging process of finding debtors that do not want to be found.
When a borrower defaults on a loan, the process of repossessing the vehicle begins. Continue »
4/4/2012 The Federal Trade Commission filed charges and requested that a U.S. district court put a stop to the allegedly deceptive tactics of two California-based auto loan modification operations. The FTC asserted that the two separate operations charged hundreds of dollars in up-front fees, based on bogus promises that they could reduce consumers’ monthly car loan payments and help avoid repossession of their vehicles.
Consumers were instructed to pay fees to the companies, and to stop paying their auto lenders. Subsequently, at least one consumer’s car was repossessed, and one set of defendants told other consumers to “hide [their] car[s] to avoid repossession.”
NEW NATIONAL SKIP-TRACERS CERTIFICATION PROGRAM BY ALEX PRICE
3/22/2012 – In our continuing efforts to bring a higher level of professionalism to the industries we serve we are proud to introduce the Skip-Tracers National Certification Program.
In conjunction with Alex Price, RISC was excited at the challenge of bringing his years of experience as a Master Skip Tracer to the Industry in the form of a national educational curriculum. Continue »
Proprietary technology to be offered free to lender and agent community for first time ever
Raleigh, N.C. (March 20, 2012) – Consolidated Asset Recovery Systems, a Raleigh-based leader in repossession and remarketing services, today announced it will launch a new open-source, freeware version of its IBEAM™ Web portal to the agent and lender community. This new version of IBEAM, available after April 15, will be specific to repossession and invoice management, providing all the capabilities of asset tracking, real-time monitoring of updates, online condition reports and complete transparency throughout the recovery process.
“This technology is very aligned with the agent community, and we hope it will become standard in the marketplace,” said Steve Norwood, CEO of Consolidated Asset Recovery Systems. “Our goal was to provide a robust platform for repossession management at no cost to the market, allowing agents to have access to software for managing their direct relationships with lenders.” Continue »