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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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NewsDecember 5, 2013

November SAAR Reaches 16.41 Million Units

According to Autodata Corp., total light vehicle sales increased 8.9 percent form a year ago, while the SAAR reached its highest point this year.

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NewsDecember 5, 2013

XPEL Offers Self-Healing Paint Protection Film

XPEL ULTIMATE Paint Protection Film features a clear coat and special elastomeric polymers that ‘heal’ overtime, eliminating swirl marks and fine scratches, the company claims.

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NewsDecember 5, 2013

Business Journal Names Westlake to Fastest Growing Private Company List

The Los Angeles Business Journal released its annual ‘Top 100 Fastest Growing Private Companies’ list. On it was Westlake Financial Services, which came in at No. 54.

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NewsDecember 5, 2013

Experian: Auto Loan Interest Rates Fall to All-Time Low

According to the latest report from Experian Automotive, interest rates for auto loans fell to an all-time low in the third quarter, while the average amount financed reached its highest level since 2008.

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NewsDecember 5, 2013

Bloomberg: GM to Sell Ally Financial Stake

General Motors is said to be set to sell its stake in Ally Financial, which is majority owned by U.S. taxpayers, Bloomberg reports.

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NewsDecember 3, 2013

Delinquencies Rise on Both Quarterly and Yearly Basis, TransUnion Reports

According to TransUnion, the auto loan delinquency rate increased to 1.04 percent in the third quarter. However, the delinquency rate is still well below the third quarter average observed between 2007 and 2013.

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Newsby Brittany-Marie SwansonDecember 3, 2013

Consumer Group Seeks to Eliminate Rate Markups in California

A consumer advocacy group has filed a new ballot initiative with the California attorney general’s office. Part of the initiative aims to eliminate dealer markups, something California New Car Dealer Association President Brian Maas says would harm consumers.

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NewsDecember 3, 2013

CarFinance Capital Completes $304 Million Asset-Backed Securitization

CarFinance Capital finalized its $304 million asset-backed securitization in a transaction that closed in late October.

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NewsDecember 3, 2013

NADA Report: Cash Incentives Negatively Influence Used-Car Pricing

New-vehicle cash incentives reduce the price of used vehicles significantly more than finance and lease incentives, the NADA finds.

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NewsDecember 3, 2013

Dealer Joe Boccalero Passes Away

Longtime California dealer Joe Boccalero passed away on Nov. 27 at the age of 92. He served as the former president of Domenich Basso Inc. and operated a Chrysler Jeep dealership in Los Angeles for 40 years.

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