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NewsAugust 5, 2013

Credit Acceptance Corp. Keeping “Close Eye” on CFPB

In its second quarter earnings call, Credit Acceptance Corp. noted that its relationships with industry associations have kept it up to speed on looming regulations.

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NewsAugust 1, 2013

'Stump the Pro' Returns to 2013 F&I Conference

Tony Dupauier is headed back to Las Vegas to reprise his 'Stump the Pro" challenge at the 2013 F&I Conference, where attendees will be able to test his objection-handling skills during this interactive session.

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NewsAugust 1, 2013

California Dealers Join Suit Against Carfax

The mass action, antitrust lawsuit against Carfax now lists more than 500 dealers as plaintiffs. The suit, which originated on the East Coast, has now reached California.

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NewsAugust 1, 2013

Auto Sales Expected to Hit Four-Year High

This year, the average number of sales per dealership is expected to rise to 877 units based on vehicle sales of 15.6 million, according to a midyear report from Urban Science.

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NewsJuly 30, 2013

TFS’ Borst to Retire, New President and CEO Named

Toyota Financial Services’ president and CEO George Borst announced his retirement. Stepping into his role will be Mike Groff, who will officially take over as CEO and president on Sept. 30.

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NewsJuly 30, 2013

J.D. Power: Lender Support Fuels Sales Increases

For the second consecutive year, BMW Financial Services ranked highest in leasing and Mercedes-Benz Financial Services ranked highest in floor planning in J.D. Power’s annual U.S. Dealer Financing Satisfaction Study, which also noted increased adoption of e-contracting technologies.

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NewsJuly 30, 2013

GM Financial Prepares for 'CFPB Exam'

Officials say they don’t expect the CFPB’s targeting of dealer participation to impact the company’s economics. They also offer updates on the company’s roll out of a prime product and its acquisition of Ally Financial’s international business units.

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NewsJuly 23, 2013

July Deliveries Could Rise 7 Percent, CNW Predicts

The first 20 days of July has the market research firm predicting a 7 percent gain in deliveries from a year ago. CNW also spots an incentive war brewing on the horizon.

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NewsJuly 23, 2013

1.2 Million Buy Used Instead of New

The Great Recession is still weighing heavily on how consumers shop for vehicles, as new-vehicle intenders continue to make the switch to used. It’s a trend automakers should continue to fuel, CNW predicts.

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NewsJuly 18, 2013

Calif. Dealer Thanks Vets, First Responders

Temecula, Calif.-based Paradise Chevrolet Cadillac hands out $50 dinner cards to military personnel and first responders.

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