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Growing negative-equity scenarios mean such lengthy terms should be addressed in a forward-looking way to make them work for the dealer and the consumer down the road.
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Not since the fall 2007 has the industry’s SAAR reached the 16 million-unit level. The NADA also reports that August went on record for the highest monthly sales volume this year.
Read More →The technology firm’s new model compliance template and supporting worksheets are designed to help dealers develop fair lending policies and address potential credit discrimination audits.
Read More →F&I and Showroom’s Gregory Arroyo offers a few details on the F&I training sessions scheduled for the 2013 F&I Conference and Expo.
Read More →Experian Automotive reports that 84.5 percent of consumers used a loan or a lease to purchase a new vehicle in the second quarter, with leasing accounting for 27.64 percent of all new vehicles financed during the quarter.
Read More →The magazine will convene an all-star cast of compliance and regulatory experts to delve into the Dodd-Frank Act and the Consumer Financial Protection Bureau. They’ll also touch on what’s happening at the state level.
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These six operations are now in the running for the magazine’s F&I Dealer of the Year award, which is handed out annually at the magazine’s F&I Conference and Expo.
Read More →Tony Dupauier is headed back to Las Vegas to reprise his 'Stump the Pro" challenge at the 2013 F&I Conference, where attendees will be able to test his objection-handling skills during this interactive session.
Read More →The mass action, antitrust lawsuit against Carfax now lists more than 500 dealers as plaintiffs. The suit, which originated on the East Coast, has now reached California.
Read More →This year, the average number of sales per dealership is expected to rise to 877 units based on vehicle sales of 15.6 million, according to a midyear report from Urban Science.
Read More →The program, set to launch Aug. 1, offers multiple MSRP limit selections, includes private passenger commercial utilization, flex buy and more. The new product has also been incorporated into NAC ExpressLane.
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