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F&I•by Staff•May 17, 2011

CNW: Supply Shortages, Jittery Consumers Point to Rough Summer

Several indicators in the opening days of May point to a dimming outlook for new-vehicle sales, CNW reported in the May edition of its Retail Automotive Summary.

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F&I•by Staff•May 17, 2011

Gas Prices Fueling Consumer Support for Higher Fuel Economy Standards, Study Says

A national survey of 2,000 representative Americans found that large majorities are concerned about gas prices (85 percent), think it is important to reduce oil consumption (87 percent), and believe it is important to increase fuel economy standards (75 percent).

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Auto Finance•by Staff•May 17, 2011

Ally Financial Largest U.S. Auto Finance Company, Report Finds

Ally Financial seized on a market buoyed by new loan originations to claim the title of largest auto finance company in the United States in 2010, according to the new Auto Finance Big Wheels annual ranking of car lenders and lessors.

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Digital•by Staff•May 17, 2011

eBay Motors Launches iPhone App

eBay Motors announced Monday the launch of its free eBay Motors iPhone app, a tailored mobile shopping experience that allows buyers to bid on or buy cars, parts and accessories.

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Digital•by Staff•May 17, 2011

Finance Express to Release iPhone and Android Mobile Apps

Finance Express, a provider of Web-based financial services for independent dealerships, announced yesterday that it is introducing iPhone and Android mobile applications.

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Auto Finance•by Staff•May 17, 2011

DealerTrack Canada Adds TransUnion as Credit App Resource

DealerTrack Canada, a subsidiary of DealerTrack Holdings Inc., has formed an agreement to offer TransUnion credit report solutions through DealerTrack Canada’s Credit Application Network, giving Canadian dealers greater access to industry credit management resources.

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F&I•by Staff•May 17, 2011

John Luckett Named SVP of First Extended Service Corp.

First Extended Service Corporation, a unit of The Warranty Group Inc., a global underwriter, administrator and marketer of service plans and related programs, has named John Luckett as senior vice president of sales and marketing.

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Auto Finance•by Staff•May 17, 2011

FTC Finds Auto Dealers Compliant With Consumer Protection Rule

After completing its investigation of nearly 50 automobile dealers, the Federal Trade Commission reported that it found broad compliance with the agency’s Rule of Concerning Preservation of Consumers’ Claims and Defenses, more commonly known as the “Holder in Due Course” Rule.

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Auto Finance•by Staff•May 16, 2011

Auto Affordability Flat in Q1, Comerica Bank Says

The purchase and financing of an average-priced new vehicle took 23.2 weeks of median family income in the first quarter of 2011, unchanged from its fourth quarter 2010 level.

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Digital•by Staff•May 16, 2011

GM Certifies DealerTrack's CRM, Leads System for Dealers

DealerTrack Inc. announced that General Motors has certified its customer relationship management (CRM)/Internet lead management (ILM) system for use by GM dealers using the DealerTrack dealer management system (DMS).

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