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F&Iby Stephanie ForsheeSeptember 3, 2013

John Deere Files Injunction to Halt N.H. Dealer-Protection Bill

John Deere and other heavy equipment manufacturers say amendment to New Hampshire’s Dealer Bill of Rights wrongfully groups them with auto manufacturers. They filed an injunction to halt the bill from taking effect later this month.

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Complianceby StaffSeptember 3, 2013

2 Dealers Accused of False Advertising Settle With FTC

As part of their settlement with the FTC, two dealers from Maryland and Ohio are prohibited from advertising discounts or prices unless the ads clearly disclose any qualifications or restrictions.

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F&Iby StaffSeptember 3, 2013

Study Contradicts Standard Sales Management, Training Tactics

A University of Oxford study suggests that salespeople who respond to non-verbal cues and correctly judge the mood of the customer are perceived by the customer to be offering excellent service.

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F&Iby StaffSeptember 3, 2013

Equifax: Auto Loans Make Up Half of New Non-Mortgage Credit

Auto loan originations totaled more than $196 billion in May 2013, representing more than half of all new non-mortgage consumer credit originated in 2013, according to a new report from Equifax.

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F&Iby StaffSeptember 3, 2013

Fifth Third Bank Loses $27M in Financing Scam

The bank was one of 20 lenders allegedly defrauded by a former dealer, his accountant and a team of fake buyers.

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Auto Financeby StaffSeptember 3, 2013

New-Vehicle Financing, Leasing Reach New Highs

Experian Automotive reports that 84.5 percent of consumers used a loan or a lease to purchase a new vehicle in the second quarter, with leasing accounting for 27.64 percent of all new vehicles financed during the quarter.

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Digitalby StaffSeptember 3, 2013

Auto/Mate Integrates With Volkswagen’s ElsaPro

Auto/Mate integrates with Volkswagen’s ElsaPro, allowing the OEM's dealers to download information from its electronics workshop manual directly into the software vendor's DMS offering.

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Auto Financeby StaffAugust 29, 2013

[Video] Dodd-Frank Act to Headline F&I Conference and Expo

The magazine will convene an all-star cast of compliance and regulatory experts to delve into the Dodd-Frank Act and the Consumer Financial Protection Bureau. They’ll also touch on what’s happening at the state level.

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Digitalby StaffAugust 29, 2013

Nissan Readies Itself for Autonomous Drive by 2020

Nissan will be ready with revolutionary commercially-viable Autonomous Drive in multiple vehicles by the year 2020, the company announced.

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Complianceby StaffAugust 29, 2013

Dealer Ordered to Pay $2M in Restitution

As part of a plea bargain for failing to give $1.2 million in sales tax to the state, the New Jersey dealer will pay restitution and will never again own, work at or consult for a dealership in the state.

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