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F&I•by Staff•May 7, 2015

Automotive Assurance Group Expands into Florida

Automotive Assurance Group, a Georgia-based company, has opened an office in Ponte Vedra Beach, Fla., in response to growing demand in the Southeastern United States.

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Sonic Delays Further Rollout of Hybrid Process

Sonic executives said that until the group perfects its vehicle-pricing tool, the One Sonic-One Experience initiative will not expand beyond the five stores currently employing the program's hybrid sales and F&I process.

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Auto Finance•by Staff•May 7, 2015

Westlake ALPS Purchases $12.4 Million Bulk Portfolio

Advanced Lending & Portfolio Services, a division of Westlake Financial Services, has acquired a $12.4 million bulk portfolio from Blackhawk Financial.

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Auto Finance•by Staff•May 6, 2015

AppOne Update Eases Compliance Burden for BHPH Dealers

Wolters Kluwer’s new update allows its AppOne platform to accommodate multiple payment frequencies, helping to further streamline the loan origination process for buy-here, pay-here dealers.

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Compliance•by Staff•May 6, 2015

Most Dealers Unprepared for CFPB Regulations, eLEND Finds

In a recent survey, eLEND Solutions found that while 80% of dealers expect the CFPB to implement regulations that would replace dealer participation with mark-up thresholds or a flat-fee model, only 40% have plans in place to meet those requirements.

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Auto Finance•by Staff•May 6, 2015

Swapalease.com Reports Volatile April Lease Credit Approvals

The lease approval rate jumped 31% from March to April, the highest since November 2014, Swapalease.com reports.

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Digital•by Staff•May 6, 2015

A1 Launches Selly Sales Platform

A1 Software Group announced the launch of a mobile-centric, social, lightweight sales platform called Selly Automotive.

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Auto Finance•by Staff•May 5, 2015

Portfolio Expands into New California Headquarters

Portfolio has moved from its headquarters in Irvine to an office in nearby Lake Forest that will accommodate future growth.

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Auto Finance•by Staff•May 5, 2015

Subprime Loan Percentage Falls to Lowest Level in Three Years

In the first quarter of 2015, the percentage of automotive loans that fell within the subprime and deep subprime risk categories made up 19.7% of the market — the lowest share since 2012, according to Experian Automotive.

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Digital•by Staff•May 5, 2015

New Agency to Rep AutoStar’s DMS

AutoStar Solutions has forged an alliance with KISS Concepts Group, a consulting agency that will represent the software company’s Fusion Ignite DMS system to U.S.-based independent dealerships.

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