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Auto Finance•by Staff•November 8, 2011

Westlake Names Kansas City Independent Top Overall Auction

Westlake Financial Services named Kansas City Independent the Top Overall Auction for the third quarter. It finished near the top in almost all sales categories.

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Auto Finance•by Staff•November 8, 2011

Ford Credit Launches Lincoln-Branded Captive

Ford Motor Credit Company announced the launch of Lincoln Automotive Financial Services (LAFS), a new captive established to serve Lincoln customers.

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F&I•by Staff•November 3, 2011

VIDEO: Tip of the Week

UDS’s Gerry Gould runs through five words that need to become part of every F&I manager’s lexicon.

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Auto Finance•by Staff•November 3, 2011

VAuto Announces Partnership With Auction Pipeline

vAuto announced that its customers can now source used vehicles available at Auction Pipeline auctions. They also have the ability to access run lists from within vAuto’s proprietary stocking module.

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Auto Finance•by Staff•November 3, 2011

Total Consumer Debt Nearly Equivalent to Prerecession Years, Equifax Reports

Total consumer debt now stands at $11.2 trillion, nearly equivalent to the $11.1 trillion pre-recession level in 2006, according to the latest Equifax National Credit Trends Report.

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Auto Finance•by Staff•November 3, 2011

Auto Finance Companies Originating More Loans Than Banks, Credit Unions, Equifax Reports

Auto finance companies have increased lending by more than 47 percent over the past two years, according to the latest Equifax National Credit Trends Report.

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Digital•by Staff•November 3, 2011

Chrome Systems Launches Expanded Image Gallery for Auto Retail Websites

Chrome Systems Inc., a subsidiary of DealerTrack Holdings Inc., announced the availability of its newly expanded Image Gallery solution, a library of vehicle photographs for enhancing vehicle descriptions and creating online presentations.

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Auto Finance•by Staff•November 3, 2011

Prestige Secures $30 Million Credit Line With Chase

The new line of credit from Chase will serve as one of two primary sources of short-term revolving liquidity to fund Prestige Financial Services’ consumer lending activities.

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Auto Finance•by Staff•November 3, 2011

Industry Realizes Best October Since 2007

Automakers enjoyed their best October since 2007, with U.S. auto sales rising about 8 percent from last October to 1.02 million, according to Autodata Corp.

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Auto Finance•by Staff•November 1, 2011

New Service Levels Playing Field for Single-Point Dealers

Dealers United introduced a new service in which it will act as the conduit for single-point dealerships to negotiate better terms and prices with vendors, and bring costs down through volume purchasing.

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