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Compliance•by Staff•September 22, 2015

W.Va. Dealer to Pay $80,000 Penalty to FTC

Ramey Motors has agreed to settle a Federal Trade Commission lawsuit filed last year, which claimed the dealership violated the terms of a 2012 consent order that barred it from deceptively advertising the cost of buying or leasing cars.

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Digital•by Staff•September 22, 2015

Vehicles on Manheim’s Digital Platform Gain Higher Auction Values

A study of Manheim’s online wholesale vehicle marketplace, called OVE.com, found that vehicles posted to the site retain a higher auction value than those that are re-run through the physical lane.

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Auto Finance•by Staff•September 17, 2015

Ford Syndicating Dealer Inventory to CarGurus.com

Ford is now syndicating its dealers’ new-vehicle inventory to CarGurus.com, a vehicle-shopping site that has drawn criticism for the way it rates dealers and their deals.

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Auto Finance•by Staff•September 17, 2015

AutoAlert Launches Conquest Sales Tool for the Service Drive

AutoAlert’s latest product, called CreditConvert, helps dealers increase their service drive selling opportunities with real-time soft credit pulls and equity information.

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Auto Finance•by Staff•September 17, 2015

US Equity Advantage Now Integrated with Dealertrack

US Equity Advantage is now integrated with Dealertrack’s menu and aftermarket network solutions, expanding its current reach in more than 4,000 dealerships nationwide.

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Auto Finance•by Staff•September 17, 2015

NADA Expands Effort to Protect Dealer-Assisted Financing

As part of a new initiative to preserve the indirect financing channel, the National Automobile Dealers Association has created a new website and a video including testimonials from real consumers who benefited from receiving financing through a dealership.

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Auto Finance•by Staff•September 17, 2015

FTC Fines Texas Dealer’s Financing Arm $82,000

The loan-servicing arm of Texas-based auto dealer Tricolor Auto Group will pay $82,777 in civil penalties as part of a settlement to address the FTC’s claims that it violated the Fair Credit Reporting Act’s Furnisher Rule.

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F&I•by Staff•September 16, 2015

Dent Wizard Adds Regional Business Development Manager

Scott Stoner has been promoted to the role of mid-south regional business development manager for Dent Wizard. He will work out of St. Louis.

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Digital•by Staff•September 16, 2015

Dealers, OEMs At Odds Over Digital Ad Strategies, Netsertive Finds

Dealers are driving the auto industry’s digital advertising push, but manufacturers are still heavily favoring traditional media, according to a new report.

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Compliance•by Staff•September 16, 2015

Chrysler Dealer Lawsuit Against U.S. Government to Go Forward

A lawsuit alleging that the U.S. government acted illegally when it required Chrysler to close down 789 dealerships in order to be eligible for funding from the Troubled Asset Relief Program will be allowed to move forward, a judge ruled last week.

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