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F&I•by Staff•June 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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Digital•by Staff•June 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&I•by Staff•June 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 Finance•by Staff•June 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&I•by Staff•May 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&I•by Staff•May 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&I•by Staff•May 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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Compliance•by Staff•May 30, 2013

NADA Chairman: ‘CFPB Guidance Lacks Transparency and Research’

The 2013 chairman calls out the CFPB for not demonstrating that problems exist with dealer participation programs, and questions the bureau’s use of the disparate impact theory.

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Compliance•by Staff•May 30, 2013

House Democrats Question CFPB Probe of Auto Finance

Thirteen Democrats in Congress sent a letter to the CFPB's Richard Cordray, asking for “any and all background information” on the bureau's investigations of auto finance.

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F&I•by Staff•May 28, 2013

GM, VW, Others Bet on Facility Upgrades to Attract Customers

General Motors, Mercedes-Benz and Volkswagen have committed millions of dollars to showroom makeovers and facility updates to capture market share on both U.S. coasts.

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