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Auto/Mate Announces 20% Growth in 2011; New Installations at an All-Time High

CLIFTON PARK, N.Y. – Booth #320, NADA—Auto/Mate Dealership Systems announced recently a 20% increase in new auto dealer clients in 2011, along with a record number of new installations. The dealership management system (DMS) provider also annou
Jan 23, 2012

SFG Finance Announces 2012 Broker Incentive Contest

Arlington, Texas – SFG Finance, an active purchaser of auto finance receivables, recently announced the launch of its 2012 Broker Incentive Contest. Phase One of the contest runs from January 1 to June 30, 2012. The first place prize will be award
Jan 23, 2012
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Polk: Average Age of Vehicles Reaches Record High

SOUTHFIELD, Mich. — The average age of cars and light trucks currently in operation in the U.S. has increased to 10.8 years, according to Polk, a leading global automotive market intelligence firm. Passenger cars showed a modest increase in ag
Jan 22, 2012

Consumers Spend Money to Fix Older Vehicles

A story from the Sentinel and Enterprise.com said an auto repair shop owner out of Massachusetts said auto repair business is picking up due to the fact people are keeping their vehicles longer. The owner said his customers are spending time and mone
Jan 22, 2012
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Nissan North America Appoints New Vice President for Midwest Region

FRANKLIN, Tenn. — Nissan North America recently announced thatBryan Dumais has been named regional vice president, Midwest region, Nissan Sales Division, effective immediately. He will report to Al Castignetti, vice president, Nissan Sales D
Jan 20, 2012

Implement a Compliance Program

A few months back I posed the question, “Can you pass a compliance audit?” The response was heartening. Most of you believe you have the appropriate processes in place, some of you submitted relevant questions, a few of you requested we help you
Jan 20, 2012

CarFinance.com Launches to Empower Credit-Challenged Car Shoppers

IRVINE, Calif. — CarFinance.com launches today with a mission to empower the more than 1 in 3[1] car buyers (36%) who have less-than-prime credit. Unlike other websites that promise to provide financing, only to then sell loan applicants’
Jan 20, 2012

S&P/Experian Credit Default Indices: Auto Loans Default Rates Increased to 1.27%

NEW YORK — Data through December 2011, released today by S&P Indices and Experian for the S&P/Experian Consumer Credit Default Indices, a comprehensive measure of changes in consumer credit defaults, showed that most loan types saw an i
Jan 20, 2012

Mercedes-Benz Financial Services Receives Over $50 Million in Payments Via Mobile Channels

NEW YORK — Since introducing its iPhone app giving customers the convenience to make payments anytime, anywhere just over two years ago, Mercedes-Benz Financial Services (MBFS) has received over $50 million in payments via mobile channels R
Jan 20, 2012