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F&Iby StaffJune 4, 2013

VINtek to Provide ELT Services to Deere Employees Credit Union

Deere Employees Credit Union has selected VINtek as its provider of automotive collateral management services, including ELT.

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F&Iby StaffJune 4, 2013

SFG Finance Adds to Executive Team

To handle significant year-over-year increases in volume, SFG Finance has hired vice presidents for its acquisitions, loan servicing and business development sectors.

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F&Iby StaffJune 4, 2013

Tesla Can’t Sell Directly to Consumers in Texas

Two Tesla-backed bills failed to make it to the voting round this legislative session. The legislation would have exempted Tesla from state franchise laws, allowing the electric carmaker to sell directly to consumers in that state.

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F&Iby StaffJune 4, 2013

NY Car Dealer Accused of Drug-Trafficking Scheme

A car dealer in NY has been charged with allowing his property to be used as a drug distribution center. According to WKTV News in Utica, the dealer laundered funds for drug dealers by selling and buying of vehicles.

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Digitalby StaffJune 4, 2013

Cars.com Launches Online Marketing Tool

Cars360 draws upon Cars.com’s vast audience of in-market car shoppers to drive new traffic to a dealership’s website or Cars.com Dealer Profile.

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F&Iby StaffJune 4, 2013

May Sales Up 8.2 Percent, SAAR at 15.31 Million Units

Year-to-date sales in May were up 7.3 percent, according to AutoData Corp., while the SAAR was up 1.36 million units from a year ago. Several manufacturers also reported record-breaking Mays.

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Auto Financeby StaffJune 4, 2013

May Transaction Prices for Used Vehicles Drop 5.2 percent, CNW Reports

Used-car buyers are leaving their markets in greater numbers to locate the vehicles they want and at the right price. In May, CNW spotted a 32.6 percent increase in the number of used vehicles acquired outside of the buyer’s DMS.

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F&Iby StaffMay 30, 2013

Number of Carless Americans on the Rise

Last year, more American households went without a car. It’s a trend that started in 2007, and one that could make fleet sales even more important in the future.

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F&Iby StaffMay 30, 2013

Older Car Buyers More Important to Industry, Study Says

The University of Michigan's Transportation Research Institute found middle-aged car buyers were 15 times more likely to buy new vehicles than 18-to-24-year-olds.

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F&Iby StaffMay 30, 2013

KBB: Full-Size Cars in Trouble

Compact crossovers fueled industry sales in April, while full-size cars continued to lose market share as consumers turned to mid-size sedans.

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