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NewsAugust 23, 2011

TransUnion: Delinquencies Fall for the Seventh Straight Quarter

The national 60-day delinquency rate for auto loans fell for the seventh consecutive quarter, dropping to 0.44 percent at the end of the second quarter, TransUnion reported today.

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NewsAugust 18, 2011

Sales Pace Slowing in August, Reports J.D. Power

New-vehicle sales continue to increase, but they are doing so at a slower pace. Volume remains flat, and manufacturers continue to be conservative with incentives, according to J.D. Power and Associates.

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NewsAugust 18, 2011

Default Rates Drop in June

Falling from 1.29 percent to 1.27, the auto loan default rate continued to improve along with other credit categories in July, according to the S&P/Experian Consumer Credit Default Indices.

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NewsAugust 18, 2011

TrueCar IDs Vehicles With Most Flexible Pricing

TrueCar rolled out its list of 2011 vehicle models with the highest and lowest Price Flex Scores.

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NewsAugust 18, 2011

Charter Warranty Adds Product Funding Option

Vehicle service contract provider Charter Warranty has announced the launch of “Save-A-Deal,” a new program designed to offer dealers a new option for financing F&I products.

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NewsAugust 18, 2011

Exeter Acquired by Blackstone

The Blackstone Group has acquired Exeter Finance Corp. from Navigation Capital Partners. The specialty auto finance company also secured a new line of credit that will help grow its loan portfolio and expand its branch network.

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NewsAugust 16, 2011

Falling Demand Forcing Manufacturers to Respond, CNW Reports

The downgrade of U.S. debt and the 400-point swings of the Dow Jones Industrial Average last week didn’t sit well with consumers, according to CNW’s preliminary data for August. The good news is automakers are responding by boosting incentive spending. But will it be enough?

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NewsAugust 16, 2011

F&I’s e-News Moves to Twice a Week

Starting this week, F&I and Showroom magazine’s e-newsletter will return to twice a week and will be distributed on Tuesday and Thursdays.

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NewsAugust 16, 2011

Flagship Credit Acceptance Appoints Two Executives to Expand National Sales Force

Flagship Credit Acceptance announced the appointment of two sales executives to help expand and develop the company’s national sales force.

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NewsAugust 16, 2011

Interstate Names Mishler CEO

Interstate National Corporation has named Mark H. Mishler as the company’s new CEO. Mishler was previously at the helm of The Warranty Group Inc. as president, chief operating officer and board member.

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