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Auto Financeby Brittany-Marie SwansonFebruary 20, 2014

Lithia Posts Record Revenues for 2013

The company’s revenues exceeded $1 billion in the fourth quarter and $4 billion for the full year. Its F&I operations also posted increases in F&I penetrations and profit per retail unit.

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F&Iby StaffFebruary 20, 2014

Santander Files Suit Against Dealer

Santander Consumer USA of Kentucky has filed a lawsuit against a dealer for failing to complete its part of a non-recourse dealer retail agreement.

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Digitalby StaffFebruary 20, 2014

Wise F&I Now on F&I Admin’s SCS Auto Platform

Wise F&I is now using the SCS Auto Platform for the administration of all of its F&I products.

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F&Iby StaffFebruary 20, 2014

Westlake Financial Names 2013 Auction of the Year

Westlake names Kansas City Independent Auto Auction as its 2013 Auction of the Year. Three Adesa auctions were also recognized.

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Auto Financeby Gregory ArroyoFebruary 20, 2014

Group 1 to Implement NADA Fair Lending Plan

The dealer group not only endorses the association’s fair lending plan, it plans to implement the program in the next several months, officials confirm.

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F&Iby StaffFebruary 18, 2014

Federal Reserve Investigating CFPB’s Bloated Renovation Costs

The Federal Reserve is looking into costs associated with the Consumer Financial Protection Bureau's renovation of its headquarters, which have ballooned to three times the original estimate.

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Auto Financeby StaffFebruary 18, 2014

Joe Verde Launches Goal-Setting Calculator for Salespeople

Joe Verde Sales & Management Training Inc. has released a new online goal-setting calculator, which can be used by salespeople to set realistic and achievable one-year improvement goals.

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Digitalby StaffFebruary 18, 2014

TimeHighway Integrates With Auto/Mate’s DMS

TimeHighway has completed integration of its service scheduling solution with Auto/Mate's Automotive Management Productivity Suite DMS, allowing for a real-time data exchange between the two systems.

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Auto Financeby Brittany-Marie SwansonFebruary 18, 2014

Penske Holds Off on Adopting NADA Compliance Program

Officials with Penske Automotive Group, which reported a record fourth quarter, said the operation will “wait and see” when it comes to adopting the NADA’s new fair lending compliance program.

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F&Iby StaffFebruary 18, 2014

Houston RV Dealer Selected to Carry Warranty Forever Coverage

DeMontrond Auto Group will now serve as the exclusive provider of the RV version of the Warranty Forever program. The dealer group has offered the coverage to customers of its automotive dealerships.

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