All the latest news relating to the Repossession/Recovery Industry, national and international.
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Latest News [ 22 ]
- Vehicle repossession goes wrong in Elk River
- F&I managers will see more lenders putting electronic tethers on loan payments by Donna Harris
- What Do Lenders Value Most from Repo Partners? By Joe Miller, AutoIMS from Auto Remarketing
- Man shoots himself in arm after fighting with repo man
- Repo Man Injured By Driver In Fairborn
- Repossessor advises banks against reclaiming aircraft by Mark Huber
- Consumers Can Now Select Special Chrysler Incentives – from AutoRemarketing
- Direct, Indirect Auto Loan Delinquencies Improve – from AutoRemarketing
- “Repo-Madness” – New Report Is a Must-Read
- ‘Repo-man’ alibi didn’t fool Duke City residents
- Scammers using Web to rip off car buyers
- GM acquisition of AmeriCredit Corp for 3.5bn seen as a big mistake
- One Ugly Auto Dealer Trick Down, The Rest? Status Quo
- Russia plans auto loan-backed bond as car sales surge
- Chrysler Financial may lend big again
- The Bailout, One Year Later: Where Are They Now?
- Summerville woman charged with attempted murder of repo man
- Tow Truck War Erupts in Philadelphia After Driver Allegedly Shoots Towing Rival
- Former college dean has car repossessed during trial
- Nod for car repossession without court order
- Alpena man mulling plea deal in felonious assault case involving repo man
- More private planes repossessed
Columns and Features [ 5 ]
Other [ 1 ]
Technology [ 2 ]
Riggie sentenced for impersonating peace officer
Paul David Riggie was sentenced to 90 days in jail and three years' supervised probation Monday after pleading no contest to one count of impersonating a peace officer and one count of being a felon in possession of ammunition. Riggie was arrested Nov. 26, 2008, after an incident involving his neighbor, who allegedly shot his dogs and killed one of them. Riggie said he went over to the... Continue »Cars driving Brazil to growth
Brazil is on track to overtake Germany as the world’s fourth largest vehicle market this year as demand for cars in the country continues to grow. Julian Thompson, who manages the Threadneedle Latin American fund, believes a strong car market is particularly good for steel manufacturers. He points to Iochpe Maxion, a company that produces steel wheels for the car market and heavy... Continue »Shaun Simpson’s motorhome repossessed!
Red Bull KTM factory rider Shaun Simpson went back to basics at the MX of Nations, when the twenty-one year old World MX star was forced to revert to a less glamorous form of mobile accommodation. Shaun’s trusty, but not so rusty Mercedes Sprinter panel van was very much a talking point in the paddock, as it lined up against a host of sleeker and more luxurious models. Simpson made the... Continue »Crawford Truck Tow Truck Dealers are now proud to offer Jerr-Dan MPL & MPL40 Wreckers and Tow Trucks
Crawford Truck is now proud to offer Jerr-Dan MPL & MPL Wreckers and Tow Trucks. There are many reasons that you should be aware Crawford Truck is now offering the MPL wreckers. The MPL wrecker offers best in class visibility; this means you have an exceptional view of the under lift and crossbar as well as a low profile, tapered rear deck winch mounted below the rear window. The... Continue »Higher risk equals higher everyday cost
he recent incident of an auto repossession resulting in a shooting needs to be examined more closely. The gentleman doing his job in recovering the property for the lien holder had his life threatened. This is a dangerous line of work, especially in this economy. Even the police step out of their role of duty of care once the line has been crossed and their lives are threatened.... Continue »Save car buyers from more bum rides
Each year, an astounding number of Americans buy a car: 50 million people across the U.S. and about 150,000 across Rhode Island. Last year, about 94 percent of auto sales were financed by loans, and a distressing number of those credit customers suffer a raw deal or an outright fleecing. The Senate version of the financial-reform bill now in conference committee in Congress would ensure... Continue »Madison County Sheriff Deputies respond to double shooting
MERIDIANVILLE, AL (WAFF) - Madison County Sheriff Deputies responded to shooting in Meridianville Friday afternoon. Deputies say two men approached a house on Beaconsfield Drive off Monroe Road claiming to be "repo men." The company did not call prior to the repo, which is usually customary. The two men confronted the owner of a pickup truck and said they were going to take his... Continue »Security video captures woman setting herself on fire while torching car, Etowah deputies say
A Boaz woman trying to retaliate against the person who repossessed her car got burned in the process. Literally. Authorities say Haleigh Elizabeth Boland, 26, accidentally set herself on fire while she was torching the car of the person who had taken hers. To make matters worse, the entire incident was caught on tape. "It was just a big act of foolishness all the way around," said ... Continue »Her car was impounded, then impossible to find
The city of Minneapolis told Michelle Goulart to stop asking about her car at the impound lot. By the time it was found, she had already bought a new one. Michelle Goulart figured her car was gone for good. The 2000 Dodge Neon disappeared from a Dinkytown street in August after she unwittingly left it in a no-parking zone. A month later, the Minneapolis impound lot told her to stop... Continue »Dealer confidence jumps on back of new vehicle market revival
South African dealers were much more positive about the outlook for the new vehicle market than in January this year. Vehicle financier Wesbank's tenth vehicle sales confidence indicator, released on Tuesday, showed that dealer confidence in April grew to 5,8 out of ten, the highest level since its inception in 2007. Market confidence among dealers polled stood at 5,5 in January this year,... Continue »Chrysler Santander Deal to Help Bad Credit Car Buyers
The agreement between Chrysler and Santander Bank could be the news that bad credit car loan buyers have been hoping for Good news for everyone If you have bad credit you should know that bad credit auto loan web sites such as ours at www.autocreditexpress.com have helped thousands of applicants just like you reestablish their auto credit. You can begin the process simply by filling out... Continue »Man shot six times during repo incident
FARMINGTON — A repossession employee shot a man six times Friday morning while attempting to repossess a pickup truck, authorities said. Harry Clay, 34, is in critical condition at San Juan Regional Medical Center after he was shot with .45-caliber rounds at about 12:30 a.m., San Juan County Sheriff's Lt. Tyler Truby said. Preliminary findings indicate when two repossession... Continue »Auto Industry Gets US$44 Billion Boost
Close to US$44 billion in economic stimulus funds and other incentives are being directed at the development of alternative fuel and advance technology vehicles according to a new analysis by the Deloitte Touche Tohmatsu (DTT) Global Manufacturing Industry group. The automotive analysis reveals that economic stimulus packages and other government programs are being emphasized in at least 13... Continue »Small Businesses Still Worried About Reform Bill
After months of intense lobbying to shape the future of financial regulation , it turns out that orthodontists and florists most likely won’t be under the thumb of a new regulator after all. Car dealers are still in limbo. The Senate late Thursday passed a sweeping financial reform bill that promises to impose new oversight over the nation’s increasingly complex financial industry, ... Continue »Chrysler ADDS More Than 1,000 Jobs In Detroit
DETROIT — Chrysler Group LLC gave a big boost to the battered Michigan economy Friday when it announced plans to add about 1,100 workers to help build the new Jeep Grand Cherokee. The company made the announcement at a Detroit factory as it celebrated the start of Grand Cherokee production. Chrysler said it expects strong sales of the new sport utility vehicle, which is due in showrooms... Continue »Auto dealers hope portion of financial overhaul fails
Local auto dealers will be focused on the U.S. Senate on Monday as lawmakers consider an amendment to the Obama administration's financial reform package that would exempt the auto-lending industry from increased regulation. Bottom line: They hope the provision fails. The Senate passed a long-debated package of sweeping financial reforms this week backed by the Obama administration,... Continue »Chrysler chief confident about firm’s future
A year after emerging from bankruptcy, Chrysler CEO Sergio Marchionne said he felt confident about the company’s future and announced the addition of 1,100 new jobs at an assembly plant going back more than century. “This is a signature vehicle for Chrysler,” Chrysler and Fiat chief Sergio Marchionne told reporters on Friday, as the automakers showed off the 2011... Continue »Fugitive of the Week wanted for beating ‘repo man’ in Shaker Heights — A woman wanted for beating and robbing the man who came to repossess her car has been named Fugitive of the Week by the Northern Ohio Violent Fugitive Task Force.
SHAKER HEIGHTS -- A woman wanted for beating and robbing the man who came to repossess her car has been named Fugitive of the Week by the Northern Ohio Violent Fugitive Task Force. Katherine Griffin is wanted by U.S. Marshals, by the Shaker Heights Police Department, and by police in Mayfield Heights. She faces charges of assault, larceny, and probation violation on a bank fraud... Continue »Woman hits repo man; he files charges
A stalker turned out to be a repo man Thursday morning, police say, and his attempt to do his job turned into a crime. Whitney Cash, 19, of High Street called the Marion Police Department at 9:17 a.m. and told the dispatcher she thought another driver was following her. Cash headed to the Police Department, and the car pulled in the parking lot behind her 1999 Mercury Cougar. Johnny... Continue »Woman Runs Over Repo Man
A woman ran over a repo man who was trying to take back her car late Monday afternoon. Chattanooga Police were dispatched to a pedestrian struck call that occurred in the 3200 block of Through Street at around 5:10 p.m. Police said it stemmed from a repossession of a 2002 Chevy Tahoe that belonged to Tia Thomas, 26, of 1308 Tunnel Blvd. According to the lead officer, Gary Phillips of... Continue »Repo man shoots truck owner in Bloomfield
San Juan County officials are investigating a case of a repo man accused of shooting someone while on the job. Deputies say they were dispatched to a Bloomfield home around 12:30 a.m. Friday. Officials say two repo men showed up at a home to repossess a pick-up truck and got into a verbal argument with the owner. Deputies say the pick-up owner threatened to pull out a gun and reached... Continue »Springfield Twp. resident threatened repo man
A Springfield Township man is being criminally charged for allegedly threatening to shoot a repo man in the head, police said. Leslie Edward Klingel, 30, of the 1800 block of Kline Lane, is being charged with simple assault, making terroristic threats and reckless endangerment. State police said Lanny Kemble, 25, who works for Endurance Automotive in Stewartstown, went to Klingel's... Continue »Child’s body exhumed in 1982 drowning
The bizarre saga of Randal Wright took another strange turn last week as Merced County sheriff's detectives exhumed the body of the former Merced tow truck company owner's 6-year-old stepson, who drowned in 1982. Detectives from the department's Major Crimes Unit exhumed Aaron Wright's body from Evergreen Funeral Home and Memorial Park on Thursday, lifting the tiny casket from the dirt... Continue »State orders all TJ’s Quick Checks to surrender licenses
The state of Nevada has ordered all TJ's Quick Check Exchange locations, including one in Fallon, to surrender all licenses and cease operations due to unlicensed and illegal loan activity. One of TJ's three owners, William Jones, admitted Monday to making unlicensed, illegal loans listing himself as the “lender.” The 80-year-old Jones, a Fallon resident, was licensed to make loans... Continue »Must See
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