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F&Iby StaffAugust 26, 2014

Auto/Mate to Host First User Summit

The company will host its first annual User Summit in Albany, N.Y., on Sept. 19. More than sixty dealers and managers are slated to attend, where they will learn about the newest features of Auto/Mate’s DMS and the best practices associated with implementing new technology.

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F&Iby StaffAugust 26, 2014

Equifax Sees No Evidence of Subprime Auto Bubble

A monthly report from the firm shows that subprime auto lending has been fairly stable since 2012, and that originations have been shifting toward the higher end of the subprime credit-score spectrum, despite reports of an imminent ‘bubble’ in subprime lending.

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F&Iby StaffAugust 26, 2014

U.S. Sales Per Store to Reach All-Time High, Urban Science Reports

The average number of sales per dealership in the United States is on track to hit an all-time record of 904 units based on vehicle sales of 16.2 million, according to a new report from Urban Science.

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Digitalby StaffAugust 26, 2014

VisionMenu Releases vContract

The company’s latest enhancement will allow users of VisionMenu to use a ‘print all’ capability after rating multiple providers and products simultaneously with vRate.

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Complianceby Brittany-Marie SwansonAugust 21, 2014

CFPB Fines Subprime Finance Source $2.75 Million

First Investors Financial Service Group was charged with providing inaccurate information to credit reporting agencies due to a known computer glitch. The finance company was ordered to pay a fine and identify and correct affected consumer credit profiles.

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Digitalby StaffAugust 21, 2014

New Industry Summit Track to Examine F&I’s Role in the Digital Age

Two panels scheduled for F&I and Showroom’s newest education track will focus on how dealers are connecting today’s Internet shopper to their in-store processes.

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F&Iby StaffAugust 21, 2014

Nissan Altima Tops List of Most Stolen 2013 Models

The Nissan Altima was the most stolen 2013 model last year, while the Honda Accord and Civic took the top two spots on the National Insurance Crime Bureau’s list of most stolen vehicles.

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Auto Financeby StaffAugust 21, 2014

Outstanding Auto Loan Balances Reach Record High, Experian Reports

The total dollar amount of automotive loan balances outstanding hit $839.1 billion in the second quarter of 2014, up 11.7% from the previous year. Officials said the industry should watch this trend closely, as it may dictate the availability of credit in the future.

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Digitalby StaffAugust 21, 2014

CATA, DriveChicago.com and Scout Automotive to Partner

Thanks to an agreement between the Chicago Automobile Trade Association and Scout Automotive Marketing, Scout’s Trade Express trade-in valuation tool will now be available on the DriveChicago.com site. The tool provides trade values for vehicles using data sourced from the NADA Guides.

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F&Iby StaffAugust 21, 2014

F&I and Showroom Extends Deadline to Enter F&Idol Contest

The deadline to enter F&I and Showroom's F&Idol contest has been extended to Monday, Aug. 25. At stake is up to $3,500 in prize money and a trip to Industry Summit 2014.

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