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Digitalby StaffDecember 11, 2014

Trucks Outselling Premium Brands Over $50,000

Pick-up trucks and SUVs account for 6 of the 10 best selling vehicles with transaction prices over $50,000, TrueCar reports

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Complianceby Brittany-Marie SwansonDecember 11, 2014

Lender Trade Group Urges CFPB to Reconsider Larger Participant Rule

In a memo issued to the CFPB this week, the AFSA listed seven recommendations regarding the bureau’s proposed rule that would give it regulatory and supervisory authority over 30 nonbank auto finance companies.

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F&Iby StaffDecember 10, 2014

Bob & Chuck Eddy Expand MOTOR TREND Certification Program

The dealer group has added two more stores to the MOTOR TREND certified program. They’re located on Grove City, Pa.

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Complianceby Gregory ArroyoDecember 9, 2014

DOD Bans Military Allotments for Personal Property Purchases

Starting Jan. 1, active-duty troops will no longer be able to use military allotments to purchase or lease vehicles, among other things. The policy change was made in response to enforcement actions brought by the CFPB.

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Digitalby StaffDecember 9, 2014

Auto/Mate Adds Rates, Residuals and Rebates to Desking Solution

Dealers using the company’s Desk/Mate module will now have access to real-time lease rates, residuals, manufacturer incentives and other rebate information.

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F&Iby StaffDecember 9, 2014

November Sales Pace at 17.20 Million-Unit Annual Rate

November total light vehicle sales increased 4.6% from a year ago to more than 1.3 million units. The industry SAAR was also up significantly from a year ago and the month prior, rising to 17.20 million units.

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Auto Financeby StaffDecember 9, 2014

Reynolds and RouteOne Integrate eContracting, docuPAD

The new functionality between docuPAD and RouteOne eliminates the need to switch between applications and technology to sign RouteOne contracts and other related documents.

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Auto Financeby StaffDecember 9, 2014

Ally Launches Enhanced Mobile and Online Tools for Auto Consumers

Ally Financial has improved its Ally Auto Mobile Pay app and added a new Click-to-Chat tool to its website that links users with live service agents.

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Auto Financeby StaffDecember 4, 2014

November a Turnaround Month for Independents, CNW Reports

After taking it on the chin for most of the year, independent dealerships realized a slight increase in used-vehicle sales in November. They also experienced an increase in transaction prices.

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Auto Financeby StaffDecember 4, 2014

Black Book: 2014 Used-Car Depreciation Stays Low

As 2014 draws to a close, Black Book expects overall 2014 depreciation for used vehicles to land at -13.5%. Depreciation was slightly less in November compared with October levels.

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