The American Repossessor

The Professional Recovery Industry Magazine
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June 2012 retail new vehicle unit sales increased 38% versus June 2011 - Second quarter 2012 retail new vehicle unit sales of 67,159 increased 31% versus the second quarter of 2011 FORT LAUDERDALE, Fla., July 5, 2012 /PRNewswire/ -- AutoNation, Inc. (NYSE: AN), America's largest automotive retailer, today announced that its retail new vehicle unit sales in June 2012, as reported to the applicable automotive manufacturers, totaled 22,862, an increase of 38% as compared to June 2011.  Retail new vehicle unit sales in June 2012 for AutoNation's operating segments were as follows: 7,066 for Domestic, up 25% versus June 2011, 11,579 for Import, up 56% versus June 2011, and 4,217 for Premium Luxury, up 20% versus June 2011. For the second quarter of 2012, AutoNation's retail... Continue »
DEARBORN, Mich., July 5, 2012 /PRNewswire/ -- Ford C-MAX Hybrid projected to achieve 47 mpg city, at least 3 mpg better than Toyota Prius v with more performance and technology – all at a $1,300-lower base price C-MAX Hybrid is Ford's first entry in the largest hybrid segment and is expected to attract a large percentage of conquest and mainstream buyers with the segment's lowest payback period of two years compared with leading small crossovers C-MAX Hybrid will launch this fall as part of Ford's power of choice strategy to deliver leading fuel economy across its lineup while tripling electrified vehicle production capacity by 2013 Ford's new C-MAX Hybrid soon will make a big statement in the largest hybrid segment with projected leading fuel economy of 47 mpg city –... Continue »
YTD sales increased by 3.7 percent due to record June results. MISSISSAUGA, ON, July 4, 2012 /CNW/ - Subaru Canada, Inc. (SCI) is pleased to report a new sales record for the month of June as 2,576 units were sold this month, up 3.7 percent over the same month last year. Year-to-date sales have also been on the rise with results up 3.7 percent over the same period in 2011. It was also a record June for the 2012 Subaru Impreza with sales up 21.6 percent. With seven months of consecutive sales records, the 2012 Impreza is also up an incredible 50.1 percent year to date as Canadians purchased this fun-to-drive compact car in record numbers. Strong monthly sales can also partially be attributed to the scorching introduction of Subaru's brand new rear-wheel-drive sports coupe. The... Continue »
Best ever June for Toyota Trucks while Prius family sales top 1,000 for fourth straight month :: Best ever June for Lexus GS 350, luxury hybrids :: Strong launch for FR-S leads Scion to best ever month TORONTO, July 4, 2012 /CNW/ - New models across all three brands drove June sales of Toyota, Lexus and Scion passenger cars, SUVs and trucks to 19,104 - up 66.6% versus June 2011. This included a new June record for trucks across all three brands - a 39.9% year over year boost to 7,738. June marked a strong finish to the first half of the year for Toyota Canada Inc, which reported sales of 98,032 vehicles - up 24.1% compared to the first six months of 2011. Toyota sales highlights for June 2012 (vs. June 2011) Toyota sales: 16,957 (up 70.1%) Toyota passenger car sales: 9,979... Continue »
MARKHAM, ON, July 4, 2012 /CNW/ - Hyundai Auto Canada Corp. announced that its sales of 71,642 units during the first six months of 2012 has set a new company record with an increase of 4.3% over the same period last year. During the month of June, the company sold 13,761 units representing an increase of 2.4% over the same month last year. "June was a pivotal month for Hyundai," said Steve Kelleher, President and CEO of Hyundai Auto Canada Corp. "We extended our streak of monthly sales increases to 42, set a new record for half-year sales, and launched two new members of the Elantra family: a sporty Elantra Coupe and the European-style Elantra GT 5-door. With a sedan, coupe, and GT now available at dealers nation-wide, the Elantra now represents one of the most comprehensive... Continue »
According to a recent survey, more car shoppers say it's important to buy a car that's built in the U.S. than one that's made by a U.S. company. ATLANTA, July 4, 2012 /PRNewswire/ -- Independence Day is upon us, and Americans will be celebrating their love of country with family and friends, picnics and cookouts and grand fireworks displays. But patriotism runs deeper than that, particularly for those car shoppers whose love of country plays a big role in which vehicle they decide to purchase. According to the July edition of the Shopper Insights Report from the AutoTrader.com Trend Engine, 41 percent of car shoppers recently surveyed say that it is important to purchase a vehicle built in the U.S. by U.S. workers, versus 28 percent who say it is important to purchase a vehicle made... Continue »
New Wrangler Freedom edition harkens back to Jeep brand’s military roots Red, White and Blue Wrangler Freedom edition now available in Jeep showrooms All 2012 Jeep Wrangler models powered by 3.6-liter V-6 engine producing 285 horsepower, with fuel economy up to 21 mpg $250 from each Wrangler Freedom edition sold to be donated to military charities Chrysler Group LLC offers a $500 cash allowance to eligible consumers through its ‘Military Bonus Consumer Cash’ program Jeep Wrangler sales up 34 percent in 2012 with all-time record in May June 29, 2012 , Auburn Hills, Mich. - More than 70 years ago, the U.S. government informed automakers that it was looking for a “light reconnaissance vehicle” for military use. Willys-Overland quickly created the Willys Quad –... Continue »

From the Editor

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 »

Does Federal Law Trump State Consumer Protection Laws for Towing Companies?

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 »

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The Interesting Journey of the Relliance Repossession/Recovery Cooperative – Part 2

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 »

GM Reports June U.S. Sales up 16 percent

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 »

American Honda Reports June Auto Sales: 48-Percent Surge Nets Best June Sales Since 2008; Honda CR-V and Acura RDX Set Best-Ever June Records

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 »

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Nissan North America Sales Increase 28.2% In June

 

 - 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 »

Kia Motors America Completes Best First Half Sales In Company History With Record June Performance

Fastest-Growing Car Company int he U.S. [1] 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 »

REPOSSESSION COMPANY SPOTLIGHT

NAME: Greenwood Recovery, Inc.

ADDRESS: 1370 West North Avenue, Baltimore, MD 21217

CONTACT NAME:  Burt (Buz) Greenwood, Jr. – President

TELEPHONE:  410-383-8000

FAX: 410-523-8336

E-MAIL: bgreenwood@greenwoodgrp.com

WEBSITE: www.greenwoodgrp.com

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.

Help is here to Find, Track, and Locate Evasive Debtors

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 »

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FTC Charges that Auto Loan Schemes Falsely Promised They Could Stop Consumers’ Cars from Being Repossessed

“Hope for Car Owners” and “Auto Debt Consulting” Took Fees, But Failed to Modify Loans

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.”

Promotional slogans used by Hope for Car Owners included “Join the thousands who have already saved”, “Consumer stimulus and bailout assistance”, and “Stop overpaying for a depreciating liability”
Examples of promotional slogans used on the Hope for Car Owners website. Continue »

Ford’s Fuel-Saving Innovations Spur More Jobs, New Facilities, Electrified Vehicles, More Customer Choice

  • Ford doubles size of vehicle development teams focused on fuel-saving technologies globally versus five years ago; dozens of additional engineers to be hired this year
  • Ford is converting its Advanced Engineering Center – a 285,000-square-foot building – for its newly centralized team of engineers working on hybrid and electrification programs
  • Company continues adding production capacity for fuel-saving EcoBoost®, hybrid, plug-in hybrid and electric vehicle lineup
  • New Fusion is the best example of how Ford is giving customers true power of choice for fuel-efficient vehicles. From Fusion with EcoBoost and Fusion Hybrid to Fusion Energi plug-in hybrid – each will help customers save money at the pump Continue »

New National Skip-Tracers Certification Program by Alex Price

Alex Price - Master Skip Tracer

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 »

Consolidated Asset Recovery Systems Launches Open-Source I-BEAM Portal

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 »

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