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Auto Financeby Gregory ArroyoJuly 24, 2014

AutoNation Discusses CFPB, Digital Push

AutoNation reported during its second-quarter investor call that it has installed the NADA’s Fair Credit Compliance Program in nine stores. Officials also provided an update on the company’s digital push.

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F&Iby StaffJuly 24, 2014

Auto Sales to Reach Highest July Mark in Eight Years, Edmunds Predicts

Edmunds.com forecasts that about 1.46 million new cars and trucks will be sold in the U.S. market in July, the highest July total since 2006.

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F&Iby StaffJuly 24, 2014

Summer Is Heating Up New-Vehicle Sales, LMC Automotive and J.D. Power Report

The SAAR for retail sales in July is expected to be 13.8 million units, an increase of 600,000 vehicles compared to the same period last year.

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Auto Financeby StaffJuly 24, 2014

Lithia Reports Record Net Income

The dealer group realized a 28% increase in adjusted net income from continuing operations in the second quarter of 2014. The company’s average F&I profit per vehicle retailed was also up $104.

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Auto Financeby StaffJuly 24, 2014

Auto Loan Balances Hit All-Time High, Equifax Reports

The total balance of auto loans reached a record high in the first half of 2014, with auto loans accounting for more than 50% of all non-mortgage lending through April.

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Auto Financeby StaffJuly 24, 2014

Capital One Expands National Sales Team

The finance source has expanded its dealer services business with the addition of three new sales officers.

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Complianceby StaffJuly 22, 2014

RouteOne to Cover Regulator Scrutiny of F&I Products in Upcoming Webinar

RouteOne attorney Joseph Karam and National Business Development Manager Jesse Pappas will discuss the forthcoming scrutiny of F&I products by the CFPB and the FTC during a webinar on July 23.

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F&Iby StaffJuly 22, 2014

Joe Verde Releases New eBook

The new eBook explains the 10 technical skills every automotive sales manager needs to help his or her salespeople improve. The eBook is the second in a planned series and is available for free.

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F&Iby StaffJuly 22, 2014

CNA National Named Top Provider for Tenth Year

For the tenth year in a row, CNA National was voted a top provider in the Dealers’ Choice Awards, based on a survey conducted by Auto Dealer Monthly.

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F&Iby StaffJuly 22, 2014

Portfolio Earns Diamond Ranking in Dealer’s Choice Awards

For the fourth time, Portfolio has received a Diamond Award from Auto Dealer Monthly in its annual Dealer’s Choice Awards.

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