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NewsMarch 27, 2012

Consumers Using Home Equity to Buy Cars Again

The use of home equity loans to buy new cars is on the rise again, though not nearly to pre-recession levels, according to Bandon, Ore.-based CNW Research’s Art Spinella.

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NewsMarch 27, 2012

AutoNation Uses eBay for New Sales Promotion

AutoNation is using eBay for a new promotion it launched this month. As of Saturday, eight of the 29 vehicles offered for sale were purchased through the site’s Buy It Now feature.

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NewsMarch 27, 2012

Embracing Tech Critical to Dealer Profitability, Firm Says

Business advisory firm sees stronger balance sheets and increased net worth for dealers this year, but warns that technology adoption will be the key to profitability going forward.

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NewsMarch 22, 2012

[Video] Part 3: Managing Cash Flow

United Development Systems' Gerry Gould continues his five-part series on the business office’s Top 5 responsibilities. This week, he addresses contracts in transit.

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NewsMarch 20, 2012

Ally Financial Renews Credit Facilities

Ally Financial Inc. has renewed $15 billion in credit facilities at both its parent company and its banking subsidiary, Ally Bank.

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NewsMarch 15, 2012

15 of 19 Banks Pass Fed Reserve’s Stress Test

The Federal Reserve on Tuesday announced summary results of the latest round of bank stress tests, which show that the majority of the largest U.S. banks would continue to meet supervisory expectations for capital adequacy despite large projected losses in an extremely adverse hypothetical economic scenario.

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NewsMarch 14, 2012

RouteOne Enhances Mobile App Tool

RouteOne announced the availability of additional enhancements to its free Android app, including the ability to forward 'sent' applications to a new finance source,

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NewsMarch 13, 2012

IAS Takes F&I Selling Online

IAS announced that it will release SmartOffer, an e-mail-based F&I presentation program designed to allow dealers to present and sell product to Internet customers.

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NewsMarch 13, 2012

Japanese Automakers Back on Track, Edmunds.com Reports

Edmunds.com reported that Japanese car manufacturers are finally back on track in the United States one year after the March 11, 2011, earthquakes that struck Japan.

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NewsMarch 13, 2012

DealerTrack Announces Sales, F&I Webinars

DealerTrack will host several DealerTrack University webinars on best practices in the areas of mobile, leasing and compliance this month.

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