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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.
Read More →The online marketing firm expects to beef up its social media offerings with its acquisition of hearforward on Aug. 17. Terms of the deal were not disclosed.
Read More →A new report indicates that merger-and-acquisition activity among public dealer groups dropped 55 percent in the first half of 2012.
Read More →The firm’s iPhone app can now forward ‘sent’ applications to new finance sources, allows for secure text communication between the dealer and finance source, calculates payoff quotes and captures leads.
Read More →Used-vehicle pricing is following seasonal patterns and could drop another 3 to 3.5 percent next month behind rising incentive spending and dealers prepping for new arrivals, the NADA reports.
Read More →The learning site doesn’t require users to log in, allowing non-Manheim customers to take advantage of this new educational resource, which teaches and provides overviews of the firm’s products and services.
Read More →A former used-car dealer was convicted to four years and eight months in state prison in connection with a scheme to evade paying sales taxes.
Read More →Consumers continued to make their auto loan payments on time in the second quarter, with 30- and 60-day delinquencies falling to historic lows.
Read More →Wells Fargo officials told Bloomberg that it would like to expand its relationship with General Motors. A bank official also said the company is interested in expanding its offerings to other automakers.
Read More →United Development Systems’ Gerry Gould gets a little controversial in his newest Tip of the Week. The director of training for United Development Systems talks transparency, ethics and the different between a noncompliant and compliant presentation.
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