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NewsOctober 26, 2010

No C4C, No Problem, Dealers Report

Despite not having a sales boost from last year’s Cash for Clunkers, three of the largest dealer groups in the nation reported year-over-year increases in third-quarter revenues.

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NewsOctober 26, 2010

Fitch: U.S. Auto ABS Losses Rise in 3Q; Softness to Continue

The prolonged stressed state of the U.S. consumer and seasonal pressures pushed U.S. auto loan ABS losses and delinquencies higher in the most recent period, according to the latest Auto Loan ABS index results from Fitch Ratings.

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NewsOctober 26, 2010

Ford Reports Record 3Q Profit

Ford Motor Co. reported record third-quarter net income of $1.69 billion and said it will pay down its debt faster than planned.

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NewsOctober 26, 2010

Dealer Specialties and vAuto to Provide Real-Time Inventory Services

Dealer Specialties, a division of Dominion Dealer Solutions and a provider of comprehensive inventory management solutions, Websites and marketing tools, is now offering real-time inventory updates through vAuto.

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NewsOctober 21, 2010

Certified Preowned Programs Booming, Boosting Used-Car Prices, Edmunds.com Says

Edmunds.com estimated that the average price paid in the United States for a used three-year-old vehicle in September 2010 was $18,832, up $1,471, or 8.5 percent, from September 2009.

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NewsOctober 21, 2010

California New-Car Sales Recovering

The California New Car Dealers Association (CNCDA) announced that registrations of new cars and trucks in California continued to increase through the third quarter.

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NewsOctober 21, 2010

Chrysler Begins Fiat Dealer Appointment Process

Chrysler Group LLC announced on Oct. 20 that it has begun selecting dealers who will represent the Fiat brand in the United States.

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NewsOctober 19, 2010

ID Thieves Shifting Away From Auto Loans

A new study of identity theft cases filed by depository institutions revealed a shift among identity thieves away from credit card fraud toward consumer loan fraud. However, the data also showed that identity thieves are having a difficult time with auto and mortgage loans and now have their sights on student loans.

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NewsOctober 19, 2010

Dealership’s Phony Five-Star Reviews Under Fire

A BMW dealership in San Antonio, Texas, was caught with fake online reviews after an investigation by a local television station revealed they came from a paid service.

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NewsOctober 19, 2010

Western Funding Acquired by Former SeaWest Chief

Auto Dealer Monthly reported in a Monday blog post that Western Funding Inc., an independent finance company since its founding nearly 50 years ago, was sold to the former operators of SeaWest Financial Corp. The sale was reportedly completed on Oct. 15.

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