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Auto Financeby StaffNovember 29, 2011

KBB Sees Used-Vehicle Values Rising Early Next Year

Expecting used-vehicle values to jump 4 to 6 percent early next year, Kelly Blue Book is encouraging used-vehicle shoppers to pull the trigger before the end of the year.

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F&Iby StaffNovember 29, 2011

VIDEO: Tip of the Week

The F&I coach, John Vecchioni, offers a few tips on how to make role-playing an effective exercise. The national trainer for United Car Care also talks about the critical role one’s colleagues play.

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Auto Financeby StaffNovember 29, 2011

Consumer Debt Falls in 3Q, New York Fed Reports

The Federal Reserve Bank of New York’s latest quarterly report on household debt and credit indicated that consumer debt fell approximately $60 billion to $11.66 trillion in the third quarter.

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Auto Financeby StaffNovember 29, 2011

ACC Offers New Credit Reporting Service

Automotive Compliance Consultants (ACC) has launched a new credit reporting bureau service that enable dealers to download credit reports from Experian, TransUnion and Equifax from the company’s Compliant Solved web dashboard.

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Auto Financeby StaffNovember 29, 2011

Consumer Credit Risk Declines for Seventh Straight Quarter, TransUnion Reports

TransUnion’s Credit Risk Index declined for the seventh consecutive quarter, which the credit reporting agency partially attributed to low demand for credit. The one bright spot was demand for auto credit.

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Auto Financeby StaffNovember 29, 2011

Mota Motors Adds Former CarsDirect Exec

Mota Motors tabbed Ken Potter, the former vice president and general manager of automotive at CarsDirect, as the company’s new chief revenue officer.

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Auto Financeby StaffNovember 29, 2011

Auto Affordability Slips in Q3, Comerica Bank Reports

Auto affordability fell in the third quarter, continuing the declining trend since affordability peaked in 2009, according to Comerica Bank.

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F&Iby StaffNovember 22, 2011

Making a Vehicle Purchase Rises on Consumer Wish Lists

Purchasing a new or used vehicle is rising on consumer wish lists, which could mean good things for dealers for the remainder of the year and next. Even more important, car shoppers indicated in CNW Research’s consumer surveys that they are boosting their budget to make a vehicle purchase.

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F&Iby StaffNovember 22, 2011

Subprime Buyers Drive Up Used-Car Values

A 39 percent increase in subprime buyers in October drove used-car values up 18 percent compared to the same month a year ago, reported CNW Research.

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F&Iby StaffNovember 22, 2011

Auto Loan Delinquencies Fall for Eighth Consecutive Quarter

The national auto delinquency rate did fall for the eight consecutive quarter on a year-over-year basis, but it did show a modest increase from the second quarter, Transunion reported today.

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