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Complianceby StaffNovember 14, 2013

N.Y. Regulator Reaches $135K Settlement With Dealer

The dealership will pay more than $86,000 to customers who were charged a bogus administrative fee when purchasing a used vehicle, in addition to $50,000 in penalties to the state.

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Digitalby StaffNovember 14, 2013

Ally Launches Mobile Payment App

iPhone and Android users who do business with Ally can now view payment information, submit or schedule a payment and more with the new Ally Auto Mobile Pay app.

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F&Iby StaffNovember 14, 2013

Black Book Releases Collateral Insight Engine for Finance Sources

Black Book’s new Collateral Insight Engine is designed to help auto finance sources analyze historical, current and projected vehicle values in real time.

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F&Iby StaffNovember 14, 2013

Used-Car Prices Fall to Lowest Levels in Four Years, Edmunds Reports

Edmunds.com’s latest findings show used-car prices have fallen to their lowest level in four years. The company attributes the drop to consumers making a post-recession shift back to the new-car market.

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F&Iby StaffNovember 13, 2013

Intersection Technologies Inc. Closes Series B Financing Led by AutoTrader Group

The transaction strengthens Intersection Technologies Inc.’s position as a leading technology and solutions provider to the automotive industry.

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Digitalby StaffNovember 12, 2013

IAS Direct, Space Chimp Media Announce Partnership

IAS Direct tabs Austin-based marketing agency Space Chimp Media to develop a new search marketing campaign.

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F&Iby StaffNovember 12, 2013

Wholesale Prices Up in October, Kontos Reports

Average wholesale prices in October partially reversed from the declines recorded during the previous month, reports ADESA Analytical Services’ chief economist.

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F&Iby StaffNovember 12, 2013

F&I Offers Highest Income Potential, NADA Workforce Study Reveals

Produced in partnership with DeltaTrends, the comprehensive report analyzes a vast array of data on dealership trends to help dealers manage their workforce. Among its many findings, the report shows F&I managers as having the highest income growth potential vs. other departments.

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F&Iby StaffNovember 12, 2013

Group 1 Acquires Three Texas Dealerships

Group1 Automotive acquired BMW, MINI and Cadillac dealerships in Arlington, Texas, from Moritz Dealerships.

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F&Iby StaffNovember 12, 2013

AutoUSA: Financing Tools Generate Best Website Leads

More than half of the respondents of the AutoUSA annual Internet marketing survey said online credit applications were the best source of online leads. Nearly as many dealers indicated that chat applications were the best source.

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