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dealer ops

GSFSGroup Names Hurley CFO and VP

Former Allstate Dealer Services executive Michael Hurley has been named CFO and vice president of finance and planning for GSFSGroup.

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DealerSocket Adds Single Page Appraisal to Inventory+

DealerSocket announced the launch of Single Page Appraisal, a new feature available to users of the company’s Inventory+ platform.

Trump, Democrats Agree to Revised USMCA

President Donald Trump, House Speaker Nancy Pelosi, and factory and labor officials all cheered the imminent passage of a revised version of the U.S.-Mexico-Canada trade bill.

Digital Cadillac Sales Platform Makes U.S. Debut

Franchised dealers in five states can now opt into Cadillac Live, a new sales platform that connects car shoppers with remote agents for real-time online demos.

U.S. Dealers Remain Optimistic Despite External Threats

Concerns over the economy and political climate failed to discourage franchised and independent retailers surveyed for Cox Automotive’s latest Dealer Sentiment Index.

Etheridge to Lead Client Relations for TecAssured

F&I industry veteran Sherry Etheridge has joined TecAssured as director of client relations.

Q3 Auto Finance: Used Accounts for 55% of Loans

Experian analysts say buyers of pre-owned vehicles accounted for 55.15% of all U.S. auto loan originations in the third quarter, a 2.4% year-over-year increase.

NAC Adds Connected Vehicle Service Contract

National Auto Care announced the launch of NAC Connect, a new vehicle service contract that includes one year of free telematics service.

November Auto Loan Interest Rates Hit 21-Month Low

Edmunds analysts say Black Friday promotions helped suppress new auto loan interest rates last month, registering a year-to-date low of 5.5% and an 8.3% year-over-year decline.

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Regulators Appear to Endorse Alternative Credit Scoring

A joint statement from the nation’s biggest banking regulators expressed cautious optimism toward emerging decisioning models that could generate more auto loans.

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