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F&Iby StaffAugust 24, 2012

Nissan Tests Virtual Showroom

The Japanese carmaker taps Microsoft’s Kinect for Windows to deliver a new experience to Internet shoppers. The new tool is being piloted at 16 dealerships to showcase the 2013 Pathfinder.

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F&Iby StaffAugust 24, 2012

Subprime Approvals Up, But Off Pre-Recession Pace

Subprime approvals are climbing, which could bode well for the rest of the year. But dealers will have to beef up their marketing to get more buyers off the sidelines.

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F&Iby StaffAugust 24, 2012

Fitch: Stress Tests Not Able to Dent U.S. Prime Auto Loan ABS

Fitch said a majority of 'AAAsf' rated U.S. Prime Auto Loan ABS would be able to withstand a recession and serious declines in used-vehicle values.

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F&Iby StaffAugust 24, 2012

Price Negotiation Worst Part of Buying Process, Survey Says

Results of a survey conducted by CarFinance.com shows that consumers hate new-car negotiations the most. As for the F&I process, getting the lowest possible interest rate is most important.

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F&Iby StaffAugust 24, 2012

Automotive Avenues Gets New COO

David Lindsey, former president of CRIF Lending Solutions, has joined Automotive Avenues as its new COO.

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F&Iby StaffAugust 24, 2012

OnlineDrive Completes First Round of Funding, Grows Advisory Board

Business leaders Geoff Holmes and Bob Morgado join OnlineDrive’s advisory board. The company specializes in behavioral and target marketing.

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F&Iby StaffAugust 24, 2012

Exeter Finance Continues Expansion

To accommodate its growing number of employees, Exeter Finance opened a new servicing center in Irving, Texas.

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F&Iby StaffAugust 21, 2012

Downey to Talk BHPH Software at 2012 Subprime Conference

The executive with Automaster will lead a panel discussion on how best to employ buy-here, pay-here software. The session will feature dealers experienced in the use of the latest BHPH software offerings.

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F&Iby StaffAugust 21, 2012

Industry Summit to Provide Update on Digital Compliance, the Dodd-Frank Act

The Association of Financial & Insurance Professionals’ David Robertson and Hudson Cook’s Nikki Munro will lead two separate compliance sessions aimed at getting attendees up to speed on Internet sales compliance and the Dodd-Frank Act.

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F&Iby StaffAugust 21, 2012

TransUnion: Auto Delinquencies Fall to Record Low for Second Straight Quarter

Despite growing auto debt, the majority of states and cities are experiencing declines in their auto delinquency rates, which fell to a new low for the second consecutive quarter.

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