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NewsMay 8, 2012

Good Dealer Experience Still Sells Cars, Report Finds

A new report from Foresight Research showed that car buyers often choose a dealership based on inventory and selection, no-haggle pricing, financing availability, lead response time and the dealership's website.

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NewsMay 8, 2012

Fitch: Underwriting Looser, But Reasonable

In a note to bondholders, Fitch Ratings said it believes the move toward slightly riskier borrowers in prime auto ABS pools is unlikely to present a near-term risk.

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NewsMay 8, 2012

Manheim Index Inches Down in April

Wholesale used-vehicle prices declined marginally in April, according to the Manheim Used Vehicle Value Index, which stood 126.1 vs. 126.2 in March.

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NewsMay 8, 2012

Health Care Reform Causing Shift in HR Departments

The complexity and time required to administer benefits under heath care reform is pushing more organizations to consider outsourcing benefits administration, a new study reveals.

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NewsMay 3, 2012

Car Tag App Adds Sizzle to Windshield Marketing

Toss the grease pens, markers, die-cut decals and paper hang tags, because AULtec Inc. has introduced a new app that can create customized, automated windshield marketing.

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NewsMay 3, 2012

ING Acquisition, Auto Lending Boost Earnings for Cap One

Capital One's total revenue from its legacy portfolio grew 5.2 percent from the sequential quarter thanks to strong growth in auto loans as well as strong auto finance originations during the quarter.

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NewsMay 3, 2012

April a Mixed Bag, SAAR at 14.42 Million Units

Total light vehicle sales were up 10.3 percent from a year ago and 14.9 percent vs. March, according to AutoData, which put the seasonally adjusted annual rate at 14.42 million units.

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NewsMay 1, 2012

Hudson Cook Adds Former FTC Exec as Partner

Hudson Cook LLP announced today that it has added Joel Winston as partner in its Washington, D.C., office. He worked for the Federal Trade Commission from 1976 to 2011.

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NewsMay 1, 2012

Transaction Prices Fall in April, TrueCar Reports

Transaction prices are falling, with TrueCar reporting that the average transaction price fell by $445 from last month.

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NewsMay 1, 2012

Ally Boosts Dealer Credit Lines

Ally Financial increased wholesale credit lines by 40 percent in the first quarter to take advantage of the growing sales momentum realized during the period.

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