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F&I•by Staff•August 16, 2010

Massachusetts Dealers Association Endorses Reynolds and Reynolds LAW 553

The Massachusetts State Automobile Dealers Association endorsed the Reynolds and Reynolds LAW 553 Universal Retail Sale Contract for the nearly 500 franchised automobile and truck dealerships the association represents throughout the state.

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F&I•by Staff•August 10, 2010

July Metrics Drive Optimism for New and Used Sales

Driven mainly by fleet sales, July saw new-vehicle sales cruise to an 11.55 million unit annual pace – the third highest level this year.

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F&I•by Staff•August 10, 2010

KBB Names Five Models That Depreciate Quickly

Kelley Blue Book has released a list of five new cars that are projected to depreciate by at least 80 percent within five years.

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Auto Finance•by Staff•August 10, 2010

Auto Affordability Flat as Recovery Slows in Q2

The purchase and financing of an average-priced new vehicle took 23.6 weeks of median family income in the second quarter of 2010, according to Comerica Bank’s Auto Affordability Index.

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Auto Finance•by Staff•August 10, 2010

Mercedes-Benz Financial Names Horacio Trujillo as Head of Remarketing

Mercedes-Benz Financial (MBF) promoted Horacio Trujillo to be the head of remarketing, effective Sept.1.

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F&I•by Staff•August 10, 2010

UltraCare Preventive Maintenance Program Enrolls 200 Dealerships

Performance Loyalty Group Inc., in partnership with MediaTrac LLC, has enrolled over 200 auto dealerships in the UltraCare Preventative Maintenance Program since it was introduced in April.

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Auto Finance•by Staff•August 10, 2010

DealerTrack Connects to 900th Financing Source

DealerTrack Inc., a subsidiary of DealerTrack Holdings Inc., a software provider for the U.S. automotive retail industry, announced that the number of active financing sources connected to the DealerTrack network has reached 900.

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Auto Finance•by Staff•August 10, 2010

AmeriCredit Announces Fiscal Fourth Quarter Earnings

Subprime auto lender AmeriCredit Corp. released its quarterly finances for the first time following the announcement of its impending acquisition by General Motors Co. The company was able to increase both income and originations while decreasing charge-offs and delinquency rates compared to the same quarter last year.

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F&I•by Staff•August 6, 2010

DealerLink Launches New Website Aimed at Special Finance

DealerLink, a provider of automotive leads, is prepared to launch its newest brand: SpecialFinanceLeads.com. The company acquired the domain in order to expand its industry footprint and improve its industry targeting.

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F&I•by Staff•August 6, 2010

BarNone Automotive Launches LiveLead

BarNone Inc., a provider of special finance leads, today launched its new Internet lead program, LiveLead. Through the program, BarNone verifies leads with multiple phone calls from its live-call center.

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