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F&I•by Staff•May 13, 2015

Autosoft Certifies MaximTrak F&I Platform

MaximTrack Technologies’ F&I suite has completed Autosoft’s certification process and now integrates with the tech firm’s FLEX DMS.

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F&I•by Staff•May 13, 2015

Western Funding Launches New Program for Dealers

Western Funding has announced its Triple Pay program, which allows dealers to build a bankable portfolio and receive three different types of payments on the same deal — upfront checks, near portfolio closing and back-end payment streams.

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F&I•by Staff•May 13, 2015

ADM Names 2015 Dealers’ Choice Award Winners

F&I and Showroom's sister publication has announced the winners of the 11th annual Dealers’ Choice Awards. Voted on by dealers, the program recognizes the industry’s best product and service providers.

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Digital•by Staff•May 12, 2015

SureCritic Adds Former SOCIALDEALER President

Phil Penton, former partner and president at SOCIALDEALER, will lead SureCritic’s business development activities and strategic alliances.

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Texas DMV Closes Case Against CarGurus

The enforcement division of the Texas DMV has closed its case against CarGurus after the vehicle-shopping site made revisions to its used-car advertisements. In April, the department threatened enforcement actions because of the way the site listed used vehicles for sale.

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F&I•by Staff•May 12, 2015

April Vehicle Sales Paced at 16.5 Million-Unit SAAR

Total new-vehicle sales in April increased 0.6% compared with a year ago to 1.45 million units sold, according to Autodata Corp. April’s SAAR was 16.5 million units.

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F&I•by Staff•May 12, 2015

Manheim Names General Manager of Nevada Business

Manheim has promoted Eddie Lafferty to general manager of Manheim Nevada.

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Auto Finance•by Gregory Arroyo•May 7, 2015

AmTrust to Acquire Wells Fargo’s Warranty Solutions

AmTrust announced last week that it has entered into a definite agreement to purchase Wells Fargo’s Warranty Solutions, which the bank acquired in October 2008 with its purchase of Wachovia Corp.

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Auto Finance•by Gregory Arroyo•May 7, 2015

Group 1’s U.S. F&I Operations Achieves Record PVR Average

The international dealer group’s U.S. F&I operations grew its F&I per-copy average $80 from a year ago to a record $1,538. Training and execution were the drivers, officials said.

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F&I•by Staff•May 7, 2015

Used-Vehicle Depreciation Remains Unchanged in April

The average price of a used vehicle for model years 2009–2013 remained unchanged in April, according to data from Black Book.

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