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Auto Financeby StaffOctober 18, 2011

Toyota’s Jim Lentz Named SkillsUSA Champion of the Year

SkillsUSA named Jim Lentz as the 2011 Champion of the Year for his work in the creation and promotion of America’s workforce.

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Auto Financeby StaffOctober 18, 2011

Used Prices to Drive New-Car Sales in Fourth Quarter, NADA Used Car Guide Predicts

Above-average trade-in values could push car buyers into the new-vehicle market, predicts the NADA Used Car Guide. Japanese makes looking to recapture market share after the March 11 earthquake should also provide a boost through increased incentive spending.

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Auto Financeby StaffOctober 18, 2011

Group 1 Buys GM Dealer, Opens VW and Fiat Stores

Group 1 announced the acquisition of David Taylor Cadillac Buick GMC in Houston, and opens up a FIAT and two Volkswagen dealerships in California and Texas.

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Auto Financeby StaffOctober 18, 2011

Asbury Secures $900 Million Credit Facility

Asbury Automotive Group Inc. announced that it has entered into a $900 million credit facility that will provide up to $625 million for new-vehicle inventory floorplan financing and up to $100 million for used vehicle inventory floorplan financing.

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Auto Financeby StaffOctober 18, 2011

Chase Extends Finance Offerings to Aston Martin

Chase Auto Finance is now the exclusive provider for Aston Martin’s first U.S. retail subvention program.

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F&Iby StaffOctober 18, 2011

Vets-Cars Launches Service Contract for Service Members

Vets-Cars Group has introduced the Vets-Shield Command Care, a service contract geared toward active and former military personnel and their families.

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Digitalby StaffOctober 18, 2011

Social Media, Mobile App Usage in Dealerships Rising, Auto/Mate Reports

A survey conducted by Auto/Mate Dealership Systems revealed that social media and mobile apps are the two areas receiving the most interest from dealers.

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F&Iby StaffOctober 18, 2011

Southside Launches National Subprime Loan Portfolio Program

Southside Financial Group announced the launch of a nationwide program to purchase existing nearprime and subprime auto loan portfolios ranging from $500,000 to $40 million.

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Auto Financeby StaffOctober 18, 2011

Hyundai Maintains Top Spot for Brand Loyalty on Kbb.com

Kelley Blue Book reported that Hyundai upheld its No. 1 spot for brand loyalty on its Website at 48 percent, with Toyota nearly closing in at 47.9 percent and Subaru at 45.9 percent.

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Auto Financeby StaffOctober 14, 2011

GM Financial to Offer Dealer Financing by April 2012

GM Financial will become a player in the commercial lending segment by the end of the first quarter 2012, according to statements made yesterday by the company’s president and CEO, Dan Berce.

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