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F&Iby StaffJune 7, 2016

NADA Announces New Senior Vice President of Dealership Operations

Peter L. Fong has joined the National Automobile Dealers Association as senior vice president of dealership operations. One of his key areas of interest will be to accelerate the process of moving dealerships toward the ‘online to in-store’ car-buying experience for consumers.

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Auto Financeby StaffJune 7, 2016

General Motors Appoints New Director of Dealer Development

General Motors named Mark Rainey director of dealer development. He will be responsible for the growth of minority and female dealers within the automaker's U.S.-based Chevrolet, Buick-GMC and Cadillac dealer networks, according to the company.

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Auto Financeby StaffJune 7, 2016

SNAAC Makes Greater Cincinnati's 'Top Workplaces of 2016' List

The Ohio-based auto finance company made Greater Cincinnati’s ‘Top Workplaces of 2016’ list. SNAAC was previously named a ‘Best Place to Work’ in 2015 and 2013.

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F&Iby StaffJune 7, 2016

LHM Dealerships Acquires Three Stores in Denver Area

Dealer Doug Moreland, who sold seven of his Arizona stores to LHM Dealerships in 2013, has struck another deal with the 58-rooftop dealer group. This time, he sold three of his Colorado stores to LHM Dealerships, bringing the number of Colorado stores operated by the group to 11.

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Auto Financeby Eric GandarillaJune 7, 2016

May Sales Fall 6% From a Year Ago, Autodata Reports

May brought with it two fewer selling days and year-over-year sales declines for most manufacturers. Only four manufacturers — FCA, Hyundai, Kia and Volvo — performed better last month than the same period last year.

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F&Iby StaffJune 3, 2016

RouteOne Names New CEO

RouteOne’s board of directors has named Justin Oesterle as the company's new CEO. Like his predecessor Mike Jurecki, who will officially assume his new role as CEO of FordDirect this Monday, Oesterle has been with the company since its inception in 2002.

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F&Iby StaffJune 2, 2016

CFPB Issues Small-Dollar Lending Rule

The Consumer Financial Protection Bureau used its field hearing today to issue its proposed rule targeting what Director Richard Cordray called “payday debt traps.”

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F&Iby StaffJune 2, 2016

RoadVantage Celebrates Fifth Year of Record Growth

The F&I product provider reported a 72% year-over-year increase in new dealers actively selling its programs, as well as a 51% increase in new agent signups for the same period.

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Auto Financeby StaffJune 2, 2016

International Nameplates Gaining Market Share, AIADA Reports

Based on its May sales totals, the American International Automobile Dealers Association (AIADA) reported that a larger percentage of new vehicles sold during the month came from international brands.

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F&Iby StaffJune 2, 2016

CNA National Wins Diamond Dealers' Choice Award

The company also received the Gold Dealers’ Choice Award in the reinsurance provider category. Combined with this year's honors, CNA National has collected 20 Dealers’ Choice Awards since the competition began in 2005.

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