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NewsOctober 24, 2013

New Website Rates Used-Car Inventory

iSeeCars.com provides a rating for used-car dealers based on their inventory. The inventory is compared to the price and conditions of similar cars in the market.

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NewsOctober 24, 2013

Used-Car Dealer to Forfeit $1.5M

A used-car company pleaded guilty to failing to report cash transactions over $10,000 at its dealerships. The DEA alleges the company allowed drug traffickers to launder their profits by buying cars.

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NewsOctober 24, 2013

Public Groups Report Solid F&I Performance for Q3

Lithia officials said the group is focused on increasing F&I performance, while officials with Sonic announced the launch of a new initiative that will have “guest advocates” handle transactions from start to finish. Asbury reported a per-copy average of $1,305 during the third quarter.

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NewsOctober 24, 2013

OnPoint Drops Buy-Back Requirement

Buy-here, pay-here auto financing company OnPoint launched a new lending program, 30/30, which eliminates the buy-back requirement on repossessed vehicles.

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NewsOctober 24, 2013

KBB: October New-Car Sales Expected to Jump 11.7 Percent

With one additional selling day, October sales are on track to reach 1.22 million units, KBB reported last week. And barring any economic setbacks, the vehicle information site expects sales to reach 15.6 million units this year.

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ArticlesOctober 23, 2013

LHPH Residual Affects Tax Depreciation

Tax expert delves into the lease-here, pay-here business. He explains why closed-end leases do not guarantee tax depreciation.

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NewsOctober 22, 2013

Edmunds.com “Takes Over” St. Louis Car Dealership

Edmunds.com will “take over” the showrooms of Bommarito Nissan/Honda/Volkswagen/Ford of Hazelwood to provide St. Louis with an exclusive car-shopping experience.

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NewsOctober 22, 2013

Pent-Up Demand Swells During Government Shutdown, CNW Reports

CNW Research says the government shutdown was like ‘putting a dam on a river.’ But when will that pent-up demand be released?

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ArticlesCover StoryOctober 22, 2013

A New Band: GAP Trends

Four-tier GAP programs are gaining traction thanks to current auto finance trends, and dealers who have adopted the pricing structure say they’re leaving less money on the table as a result.

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ArticlesOctober 22, 2013

Kicking into High Gear: Experian Quarterly Update

Finance companies are buying deeper, and car buyers are rewarding them with timely payments. Credit expert breaks down the numbers for the second quarter.

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