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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
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
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
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
NAAA and NADA Extend AuctionNet Partnership Through 2016
MCLEAN, Va. — The National Automobile Dealers Association (NADA) Used Car Guide and the National Auto Auction Association (NAAA) announced today a new agreement that will extend their AuctionNet partnership through 2016. “We are pleased t
Jan 20, 2012
Hammer to Fall This Weekend on Unique 2013 Shelby GT500 24-Hour Durability Prototype
DEARBORN, Mich. – Ford is giving muscle car enthusiasts a rare opportunity to bid on the racetrack durability car used to develop the 2013 Shelby GT500 production Mustang. The car will be auctioned at the 41st Annual Barrett-Jackson Collector Car
Jan 20, 2012
State Auto Insurance Bills Aim to Protect the State’s No-Fault System
MIAMI — Advocates of new legislation aimed at cracking down on dishonest claims and other abuses of Florida’s no-fault private vehicle insurance system are hoping new laws could potentially cause skyrocketing premiums to level out for dri
Jan 20, 2012