PassTime cofounder Jeffrey Frank was named chairman and CEO, while 19-year company veteran Chris Macheca was named president. The latter will retain his title of COO.
Two used-car dealerships and their owner reached a settlement this month with the Department of Justice and the state attorney general. The settlement resolves a lawsuit that alleged the dealerships charged African American buyers more for loans and repossessed vehicles without reasonable notice.
Detectives asked a dealership to activate the GPS device installed in a kidnapping suspect’s car due to his poor credit. Police apprehended the man and found his victim alive.
Spireon has developed the industry's first GPS vehicle tracking buyer’s guide for dealers who are new to the buy-here, pay-here (BHPH) segment.
Federal customs agents seized 20 high-end stolen vehicles at the Los Angeles/Long Beach Seaport. Bound for Asia, the vehicles were leased by several dealerships to smugglers using false identifies.
Peritus Portfolio Services announced an alliance with PassTime that will provide the collection technology provider’s customers with direct access to the portfolio buyer’s programs.
Drive Time announced it has selected Inilex to be the supplier of GPS-based vehicle tracking and recovery solutions for its 89 dealership locations.
The magazine’s legal expert reiterates his answer on whether customers should be charged for the installation of payment-assurance devices.
Vehicle Acceptance Corporation (VAC), a national buy-here, pay-here lender, and PassTime, a starter interrupt/GPS device manufacturer, are launching a coordinated effort to jointly market PassTime’s Starter Interrupt and GPS devices and VAC’s cash and service solutions.
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