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NewsMay 17, 2011

FTC Finds Auto Dealers Compliant With Consumer Protection Rule

After completing its investigation of nearly 50 automobile dealers, the Federal Trade Commission reported that it found broad compliance with the agency’s Rule of Concerning Preservation of Consumers’ Claims and Defenses, more commonly known as the “Holder in Due Course” Rule.

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NewsMay 16, 2011

Auto Affordability Flat in Q1, Comerica Bank Says

The purchase and financing of an average-priced new vehicle took 23.2 weeks of median family income in the first quarter of 2011, unchanged from its fourth quarter 2010 level.

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NewsMay 10, 2011

Triad Founder Launches Nonprime Finance Company

Four former Triad Financial executives have partnered with a Perella Weinberg Partners affiliate to form CarFinance Capital LLC, a direct and indirect automobile finance company catering to the nonprime market.

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NewsMay 10, 2011

ALG: Japan Disaster, Gas Prices Drive Compact Prices Skyward

In their latest report, analysts at DealerTrack subsidiary ALG are sticking with predictions they made a month ago that a prolonged production interruption of Japanese-made vehicles could cause prices on some models to jump by as much as 10 percent.

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NewsMay 10, 2011

vAuto’s Dale Pollak to Deliver Keynote Address at NAF Conference

Dale Pollak, the founder of vAuto, will deliver the keynote address at the National Automotive Finance (NAF) Association's 15th Annual Below-Prime Auto Financing Conference, scheduled for June 1-3 at the Omni Fort Worth Hotel.

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NewsMay 5, 2011

Wolters Kluwer Launches Indirect Lending Directory

Wolters Kluwer Financial Services has launched the Indirect Lending Directory, a listing of more than 600 lenders that accept and use the company’s retail installment contracts to document the financing of automobiles, boats, RVs and powersports vehicles.

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NewsMay 5, 2011

GM Financial Posts First Quarter Profit Increase

General Motors Financial Company Inc. reported net income of $77 million for the quarter ended March 31, 2011, up from $63 million in the year-ago period.

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NewsMay 4, 2011

Equifax Data Indicates Widespread Credit Growth

Multiple portfolio metrics indicate that the U.S. credit market is stabilizing and is growing, according to Equifax's monthly “National Credit Trends Report” for March 2011.

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NewsMay 3, 2011

F&I Video Exclusive: Randy Crisorio Provides Take on Market Conditions

Randy Crisorio, president and CEO of United Development Systems, talks about the state of the industry in this exclusive interview with F&I and Showroom magazine.

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NewsMay 3, 2011

Ally Posts Lower 1Q Profit Despite 'Flourishing' Auto Segment

A flourishing vehicle segment still couldn’t offset the lingering effects of the housing crisis for Ally Financial Inc., which posted a lower first-quarter profit today.

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