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Articlesby Harlene DoaneJanuary 18, 2017

When Your Controller Leaves You

What is the worst thing a dealer wants to endure in the dealership? Near the top of the list, just below a DMS conversion, is when your controller or office manager (if that’s your highest-level HR talent) gives notice.

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NewsJanuary 18, 2017

MetroGistics Promotes Four Senior Executives

The vehicle-shipping company announced the following promotions: Jeremy Cope to executive vice president of operations and strategy; Martha Garcia-Perry to vice president of growth initiatives and integration; Dustin Ruch to vice president of business development; and Melissa Trautman to vice president of market strategy and integration.

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NewsJanuary 18, 2017

CU Direct Claims $30 Billion in Auto Loans, Pays Cash Dividend

Credit unions funded 1.4 million loans through CU Direct’s Lending 360 and CUDL lending platform, generating a record $30 billion in credit union auto loans in 2016 and surpassing the $26 billion in loans the company funded in 2015.

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NewsJanuary 18, 2017

Compact Cars Continue to Show Strength

For model years 2008-2014, compact cars realized a wholesale value decline of 0.11% — the lowest level among all small cars. Alternatively, prestige luxury cars and subcompact cars realized the highest wholesale-value declines, with depreciation of 0.69% and 0.64%, respectively.

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NewsJanuary 18, 2017

Kontos: December Wholesale Prices Fall, Up 3.9% YOY

Wholesale used-vehicle prices in December averaged $10,642, which was essentially flat with the prior month but up 3.9% from a year ago, according to ADESA Analytical Services.

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NewsJanuary 18, 2017

F&I Express Announces Initiative to Streamline F&I Product Cancellation Process

The software company today released details on an initiative to electronically integrate major finance sources with F&I product providers in a bid to develop better F&I product cancellation processes and systems.

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Articlesby JimJanuary 17, 2017

Overtime, Schmovertime

The new federal overtime rules are on hold, but dealers still may face a series of difficult decisions.

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NewsJanuary 17, 2017

Hyundai-Kia to Invest $3.1B in U.S.

Sister South Korean automakers Hyundai Motor Co. and Kia Motors Corp. will invest $3.1 billion in the U.S. in the next five years and may build a new assembly plant in the United States, Hyundai Motor's president told reporters on Tuesday.

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ArticlesJanuary 17, 2017

Service Advisors Are Working Overtime

The Ninth Circuit has reaffirmed that service advisors are not subject to exemption from overtime pay. Compliance expert unpacks Navarro v. Encino Motorcars LLC and the effect it could have on your fixed-ops budget.

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NewsJanuary 17, 2017

Roadster, F&I Express Announce Integration Pact

Through F&I Express’ Express Digital Media Solution, Roadster dealers can now provide car buyers with accurate F&I product quotes and education material from more than 130 F&I product providers.

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