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Articles

Curb The Confusion

Talk to F&I customers like you’d talk to a friend, without industry lingo or sales-like questions, and use hard proof to show, not tell, them about a need.

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NewsJanuary 9, 2017

Credit Acceptance's Founder Announces Retirement

Donald Foss, the subprime finance source's founder and chairman, has decided to retire, the company announced on Jan. 4. The company stated in its announcement that it does not plan to fill the role of chairman. In Foss' absence, Thomas Tryforos will lead the board of directors.

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NewsJanuary 9, 2017

NIADA Member Services Creates New Partnership Program

NIADA Member Services has created a new partnership program designed to offer members a wider array of companies whose products and services they can trust, according to an association announcement.

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NewsJanuary 9, 2017

RouteOne Canada Adds CIBC Auto Financing to Finance Portal

Participating dealers who have a relationship with CIBC can now process credit applications and finance contracts through RouteOne, the company stated.

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NewsJanuary 9, 2017

KosLo Website Integrates NADAguides Data to Improve Consumer Experience

The online vehicle deal generation company has enhanced its site with year, make and model data from NADAguides to help further enhance the customized car-buying experience it offers consumers.

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NewsJanuary 9, 2017

DealerDoc Offers Out-of-State Titling and Registration Solution

The solution provides correct taxes and fees for an out-of-state sale in seconds, according to the company, allowing users to prepopulate and print all state-required documents along with a detailed checklist for specific requirements in every jurisdiction.

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NewsJanuary 9, 2017

Wholesale Used-Vehicle Prices Increase in December, Manheim Reports

Wholesale used-vehicle prices on a mix-, mileage-, and seasonally adjusted basis increased by 0.2% in December, according to Manheim. Compared to December 2015, the Manheim Used Vehicle Value Index declined 0.6% to 124.9.

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NewsJanuary 4, 2017

Copart Donates Hundreds of Toys to Toys for Tots

What started out as a small-scale holiday donation for the online vehicle auction company has now scaled into a corporate-wide initiative. The company’s Dallas headquarters alone collected more than 500 toys for the U.S. Marine Corps Reserve program.

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NewsJanuary 4, 2017

Ally Agrees to Finance up to $600 Million of Carvana's Retail Contracts

Under the terms of the agreement, Ally will provide financial arrangements to support the online retailer's operations, with an initial commitment of up to $600 million. The agreement expands Ally's existing relationship with Carvana, which also includes a floorplan credit line and vehicle sourcing through Ally's SmartAuction platform.

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NewsJanuary 4, 2017

Black Book: Used-Car Prices Stabilize in December

Depreciation trends stabilized to close out 2016, with depreciation rates for all cars and trucks falling into seasonal patterns, Black Book reported this week.

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NewsJanuary 4, 2017

KBB: Average Transaction Price Climbs to Record High in December

The estimated average transaction price for light vehicles in the United States reached an all-time record high of $35,309 in December, according to Kelley Blue Book. This increase, the firm noted, amounted to a 1.5% increase over the same time last year.

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