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NewsOctober 27, 2015

NADA: Employee Salaries at New-Car Dealerships Rise

Not only was employee turnover below the rate recorded in the private sector, dealership employees earned 29% more than private-sector workers. The study also showed that F&I had the highest ratio of women.

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NewsOctober 27, 2015

KBB Predicts 12% Increase in New-Vehicle Sales

The vehicle information site said this week it expects new-vehicle sales to total 1.43 million units in October, the highest October sales volume in more than a decade.

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NewsOctober 22, 2015

GM Financial’s Role as GM Captive Expanding in November

GM Financial's role as GM's captive will expand in early November with Ally's removal from the automaker's loan subvention programs.

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NewsOctober 20, 2015

Q3 Auto Originiations Up at Wells Fargo, Chase Auto Finance

Wells Fargo and Chase Auto Finance grew third-quarter auto originations by 10% and 19%, respectively, with a Wells Fargo official noting that new auto sales were at their highest levels in a decade.

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NewsOctober 15, 2015

EasyCare Releases Full Suite of RV-Geared F&I Benefits

EasyCare launched on Oct. 1 a full suite of F&I protections designed for the recreational vehicle market. Products include road hazard tire-and-wheel protection, GAP, limited warranty and vehicle service contracts.

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NewsOctober 14, 2015

Colorado's Jeff Carlson Elected NADA Chairman for 2016

The NADA’s board of directors has elected Jeff Carlson as its 2016 chairman. The Colorado dealer is currently serving as NADA vice chairman.

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NewsOctober 14, 2015

Volkswagen Diesels Showing Higher Depreciation

According to the vehicle pricing firm, Volkswagen diesel models are already showing higher depreciation than their comparable gasoline-powered models.

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NewsOctober 14, 2015

Westlake Now on RouteOne’s Econtracting Platform

With the new connection, dealers signed up with the auto finance source and for RouteOne’s econtracting solution can receive electronic validation and distribution, as well as a signing process that works on signature pads, tablets and nearly any touchscreen-enabled device.

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NewsOctober 13, 2015

SouthwestRe Rolls Out Multi-Guard Protection

The F&I product provider’s new all-in-one service contract brings together road-hazard protection, paintless dent repair, windshield repair and more.

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NewsOctober 13, 2015

Depreciation On Pace to Reach 14% by Year-End, Black Book Reports

The vehicle-pricing firm reported today that the pace of depreciation in September remained relatively unchanged from August. It expects average depreciation to approach pre-recession levels by year-end.

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