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Auto Financeby StaffAugust 7, 2019

Experian Teams With Oliver Wyman to Launch CECL Forecaster

Experian’s Ascend platform now includes a loan portfolio modeling tool built in collaboration with Oliver Wyman and designed to help finance sources comply with new current expected credit loss standards.

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Auto Financeby Tariq KamalAugust 7, 2019

DOJ Settles Nissan Captive Case for $3M

The U.S. Department of Justice announced Nissan Motor Acceptance will pay $3 million to settle charges that it unlawfully repossessed 113 vehicles belonging to active military members.

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Auto Financeby StaffAugust 6, 2019

Black Book: Retained Values Flat in July

Black Book’s Used Vehicle Retention Index showed no change overall from June to July, but a closer look reveals ‘very clear trends’ in several key segments.

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Digitalby StaffAugust 6, 2019

New Wholesale Platform Promises to Reverse Margin Compression

CarOffer was designed to leverage the power of national scale, data and new technology to enable dealers to trade for more vehicles, virtually eliminate risk, and guarantee efficient 45-day turn times.

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Auto Financeby StaffAugust 6, 2019

Survey: Finance Execs Want More AI

Nearly 80% of C-suite finance executives expressed a growing need for artificial intelligence-driven auto loan processing procedures in a survey conducted by Inovatec.

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F&Iby StaffAugust 5, 2019

Axiom Adds F&I Products for Highlines, EVs

Axiom’s Revolution Series of F&I products has expanded to include Revolution Technology, Revolution UltraLux, and Revolution Electric.

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Digitalby StaffAugust 5, 2019

Affinitiv Releases Dealer eBook Focused on Industry Disruptors

Affinitiv has released ‘Razor and Razor Blade Model,’ a new whitepaper designed to offer guidance to dealers concerned about sustaining profitability while sales and front-end margins decline.

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F&Iby StaffAugust 5, 2019

Maxim, Mussani Transition to New Roles at RouteOne

Jim Maxim Jr. and Imran Mussani have assumed new roles at RouteOne, completing a transition that began when the company acquired MaximTrak, the technology firm Maxim co-founded, in 2016.

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Complianceby Tariq KamalAugust 5, 2019

Fla. Chevrolet Dealership Agrees to Million-Dollar Settlement

The former owners of Jacksonville, Fla.’s Riverside Chevrolet will pay more than $1 million in restitution and fines to settle charges of failing to pay trade-in liens, state sales tax, and employee withholding taxes.

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Complianceby Tariq KamalAugust 5, 2019

Father/Son Dealers Face Federal Fraud Charges

Mehdi and Saaed Moslem have been charged with tax and bank fraud after IRS and FBI investigators say they uncovered a scheme to hide — then inflate — income from their Upstate New York auto dealership.

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