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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
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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
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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
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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
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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
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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
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SureSale™ Certified Launches in Phoenix: More Vehicles Eligible for CPO Programs
VENICE, Calif. — Mota Motors, a leading provider of online vehicle certification and selling platforms, today announced that SureSale™Certified, a comprehensive certified pre-owned (CPO) marketing program launched today in Phoenix. SureSale
Jan 20, 2012
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Kelley Blue Book Reports Used-Car Values to Jump 3 to 5% in First Quarter
IRVINE, Calif. — Kelley Blue Book www.kbb.com, the leading provider of new car and used car information, today reports that buyers in the market for a used car should purchase sooner rather than later, as Kelley Blue Book anticipates used-car v
Jan 20, 2012