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Showroom•by Staff•October 6, 2015

Hacked Cars Could Spread Malware Via Dealers, WIRED Reports

At a hacker conference last month, security consultant Craig Smith said a malware-infected vehicle coming in for service could potentially infect a dealership’s testing equipment, which would in turn spread the virus to every vehicle a dealership services.

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Showroom•by Staff•October 6, 2015

Consumers Down on VW Brand, Diesel-Powered Vehicles, Survey Shows

Not only do more than half of consumers on Kelley Blue Book and Autotrader have "complete" or "general mistrust" of the Volkswagen brand in the wake of its emissions scandal, 30% of users of both sites are less likely to consider a diesel-powered vehicle.

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F&I•by Staff•October 6, 2015

National Auto Care Execs Make ‘40 Under 40’ List

National Auto Care Corp. COO Christina Schrank and Regional Sales Manager Spencer Wanderon have both been honored as young leaders in the automotive and insurance industries by Agent Entrepreneur Magazine.

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F&I•by Gregory Arroyo•October 1, 2015

BMO Harris Bank’s Auto Business Exiting 12 States

The Chicago-based bank notified dealers in approximately 12 states that it’s refocusing its indirect auto business to its core market states, including Illinois, Wisconsin, Indiana, Minnesota, Kansas, Missouri, Arizona and Florida.

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F&I•by Staff•October 1, 2015

Cox Completes Acquisition of Dealertrack

Dealertrack unloaded its inventory management solution today, clearing the way for Cox Automotive to complete its acquisition of the software maker. The announcement comes a day after the Justice Department challenged the merger between the two software giants.

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F&I•by Staff•October 1, 2015

Westlake Expanding Dallas Servicing Team

This week, Westlake Financial Service began its recruitment process as part of its plans to expand the servicing team in its Dallas production center, which opened its doors this past January.

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Auto Finance•by Staff•October 1, 2015

CFPB Takes Action Against Westlake and Its Title-Lending Subsidiary

The bureau ordered the subprime auto finance source and its subsidiary to pay a $4.25 million civil penalty for illegal debt-collection tactics and $44.1 million in consumer redress.

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F&I•by Brittany-Marie Swanson•October 1, 2015

CFPB Accused of Using ‘Junk Science’ to Regulate Auto Lending

CFPB Director Richard Cordray was met with hostility on Tuesday during the bureau’s semi-annual report to Congress. The hearing took place a day before a House committee passed two CFPB reform bills.

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Showroom•by Staff•October 1, 2015

Costco, GM Team Up on Holiday Promotion

For the third year in a row, Costco is teaming with General Motors on a winter Holiday Sales Event that will offer members saving on Chevrolet, Buick, GMC and Cadillac vehicles. The event runs from Oct. 2 through Jan. 4, 2016

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Auto Finance•by Staff•October 1, 2015

CreditMiner Adds VISOIQ Consumer Database

CreditMiner, a pre-qualification solution for dealers, has added the VISOIQ database of consumer information to its suite of data offerings.

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