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ArticlesJuly 15, 2015

Increase Your Closing Ratio by 20%

Time-honored strategies can still have a profound impact in the Digital Age.

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NewsJuly 14, 2015

NADA Urges Dealers to Review FCC’s TCPA Ruling

The ruling, issued Friday, could require changes in dealers’ telephone and text marketing practices. Among the changes that could affect dealers is the TCPA’s interpretation of the term “automatic telephone dialing system.”

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NewsJuly 14, 2015

N.Y. AG Announces Two Actions Against Dealers

New York Attorney General Eric T. Schneiderman announced two separate actions this week against a 22-store dealer group and a Hyundai dealership, both related to deceptive advertising practices.

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Newsby Brittany-Marie SwansonJuly 14, 2015

CFPB, DOJ Reach $24M Settlement With Honda Finance

Just two weeks after American Banker reported that the CFPB was planning to cite three captive auto finance companies for policies that allegedly caused minority car buyers to pay higher rates for auto loans, the bureau and the Department of Justice have announced a settlement with Honda Finance Corp.

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NewsJuly 14, 2015

NADA Files Request to Make CFPB Memo Public

The National Automobile Dealers Association filed a Freedom of Information Act request Monday, seeking to make a Consumer Financial Protection Bureau memo about limiting dealer discretion public.

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NewsJuly 9, 2015

Ally to Offer APR, FICO Score and Secure Email for Auto Consumers

Starting July 19, Ally will offer customers direct access to their FICO Scores and APR within their online accounts. The finance source has also launched a secure email feature on its site to help customers send and receive account information and documentation.

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ArticlesJuly 8, 2015

For the Win

The annual Dealers’ Choice Awards stand apart in honoring the industry’s best partners, providers and finance companies as selected by dealers and dealership personnel.

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NewsJuly 8, 2015

Edmunds Opens Registration for Used+ Program

Edmunds.com has opened registration for its Used+ used-car sales program, which offers shoppers a vehicle-protection plan and a $200 gas card. Asked if the program might lead Edmunds into F&I product sales, a spokesperson said '... It is an option we would be open to exploring.'

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NewsJuly 8, 2015

Cox to Resubmit Federal Filing for Proposed Dealertrack Acquisition

The company still expects to complete its proposed acquisition of Dealertrack in the third quarter despite voluntarily withdrawing its filing under the Hart-Scott-Rodino Antitrust Improvements Act. The move was made to give the Justice Department more time to review the proposed deal.

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NewsJuly 8, 2015

Used-Vehicle Market Remains Solid, Manheim Reports

Used-vehicle values remained in line with expectations during the second quarter, according to Manheim.

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