Peter Kelly Named President At KAR

CARMEL, Ind.  –  KAR Auction Services executive Peter Kelly has been named president of the company, a newly created position. In a news release Tuesday, KAR said the new role is, “aimed at aligning KAR’s strategy and execution to streamline operational integrations, enhance product development, and accelerate growth,” and follows years of investments and acquisitions that…

Motorola Purchases Vigilant And DRN

CHICAGO, LIVERMORE, CALIFORNIA and FORT WORTH, TEXAS – Jan. 7, 2018 – Motorola Solutions, Inc. (NYSE: MSI) today announced it has acquired VaaS International Holdings, Inc. (VaaS), a data and image analytics company based in Livermore, California and Fort Worth, Texas. Motorola Solutions paid a purchase price of $445 million in a combination of cash and…

NY Agent Takes Wrong Turn Ends In Court Visit

A repo man is due in Lewiston Town Court on Wednesday to answer charges stemming from a vehicle he repossessed the day after Christmas. Lawrence W. Worsley, 38, of Albion, told police he works for a company called Nosugref Recovery and he had just repossessed a Nissan Murano from a Ransomville resident, who reportedly removed…

Loans, Payments, Demand All Surge In Auto Sector

While gas prices have been falling, the cost of monthly car payments keeps climbing. During the third quarter of 2018, the average new car monthly payment accelerated to $530, with the average used car loan payment at $381. According to Experian Automotive data, both figures are at record highs. The average car loan is now just…

Alabama Towing Company Triple Shooting Leaves One Dead

ETOWAH COUNTY, Ala. — A person who died in a triple shooting at an Attalla towing business on Thursday afternoon has been identified. Steven McElrath, 22, of Fort Payne, lost his life during the shooting at Hammet Towing, according to Etowah County Coroner London Pearce. Law enforcement officials have neither disclosed McElrath’s suspected role in the shooting nor…

Virginia RO Snatches Unit From Lot

A Waverly man stands accused of stealing a repossessed car from a Penniman tow yard. Khalid Abdullah, 45 of Sussex County, has been charged with using a vehicle without the owner’s authorization and trespassing, according to arrest warrants filed in York-Poquoson General District Court. On Dec. 26 around 2 p.m., York-Poquoson Sheriff’s Office deputies were…

Attention SC Agencies & Agents – 2018 Gas Tax Credit Explained And Form

The South Carolina Infrastructure and Economic Development Reform Act was passed by the General Assembly in 2017 and includes an increase of 2 cents in the state’s motor fuel user fee each July from 2017 to 2022, for a total increase from 16 cents per gallon to 28 cents per gallon. The funds raised by the increase…

New Law Aides New York Repossessors

ALBANY, N.Y. — Governor Andrew Cuomo has signed into law a bill anticipated to help car owners, small businesses and counties when vehicles are repossessed. Drivers will now have 10 days rather than 24 hours to return license plates to the Department of Motor Vehicles when their car is repossessed Senator Jim Tedisco (R,C,I,REF-Glenville) said…