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F&I•by Staff•July 27, 2010

California New-Car Sales Up 23 Percent in First Half

The California New Car Dealers Association (CNCDA) announced that registrations of new cars and light trucks in California continue to outpace national numbers.

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F&I•by Staff•July 22, 2010

July New-Vehicle Sales Expected to Rebound From June

After weaker sales in May and June, new-vehicle retail sales are expected to bounce back in July as a result of a combination of positive factors, according to J.D. Power and Associates.

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Auto Finance•by Staff•July 22, 2010

NADA: Financial Reform Law Keeps Auto Financing Affordable and Accessible

With President Obama’s signature, the most significant overhaul of the nation’s financial system is now law and with it, consumers will still be able to find competitive financing options at auto dealerships.

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Auto Finance•by Staff•July 22, 2010

GM to Acquire AmeriCredit

To meet customer demand for leasing and non-prime financing for GM vehicles, General Motors and AmeriCredit Corp. announced July 22 that they entered into a definitive agreement for GM to acquire the subprime auto finance company in an all-cash transaction valued at approximately $3.5 billion.

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F&I•by Staff•July 20, 2010

Audit Criticizes Task Force, OEMs for Dealer Terminations

An audit prepared by a watchdog agency says last year’s decision by General Motors Co., Chrysler LLC and the Obama administration’s Auto Task Force to terminate franchise agreements with hundreds of dealers was made in haste.

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Digital•by Staff•July 20, 2010

Auto Point Launches Video E-mails to Drive Service Business

Auto Point Inc., a provider of vehicle lifecycle management services, released today a series of video e-mails dealers can use to drive more service business.

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F&I•by Staff•July 20, 2010

Ford, Dealers Launch New Database Marketing Service

FordDirect, a joint marketing services venture between Ford Motor Company and its franchised dealers, has launched a new database marketing service for Ford, Lincoln and Mercury dealers.

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Auto Finance•by Staff•July 20, 2010

Conservative Consumers to Challenge Dealers, F&I Departments, Says KBB

Consumers are expected to remain conservative in today’s still struggling economy, with most in-market shoppers expected to spend a relatively small amount of money on their next vehicle purchase, according to a recent survey. In fact, most respondents said they are more like to buy used vs. new.

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Digital•by Staff•July 19, 2010

MPK Automotive Earns Certification from KIA

MPK Automotive recently earned KIA Motors America’s factory integration certification for its Microsoft-based dealer management system (DMS).

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F&I•by Staff•July 19, 2010

Zurich Unveils Windshield Protection Product

Zurich, a provider of F&I products, has launched its newest product, Zurich Shield Windshield Protection, which includes a clear protectant that repels water, reflects light and reduces chip damage.

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