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NewsMay 27, 2014

The Next Up Adds Capabilities for Finance and Service Departments

The firm has expanded its Web-based system to include applications for a dealership’s finance and service departments. These new applications allow management to view real-time stats and track the time managers spend with customers.

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NewsMay 22, 2014

NADA: U.S. Dealers Employ More Than 1 Million People

The number of people employed by the automotive retail industry topped the 1 million-person mark last year, with the average new-car dealership employing, on average, 57 people, the NADA reports.

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Newsby Gregory ArroyoMay 22, 2014

Biweekly Payment Providers Offer Unified Response to NADA Memo

Four providers of biweekly payment providers responded on May 20 to a memo the NADA issued to its members on May 8. They say the association overlooked key benefits when it cautioned dealers about how such products are presented to consumers.

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Videosby StaffMay 22, 2014

ADTV: NADA on Flats, Fifth Third Investigated

Auto Dealer TV's Jennifer Nebrich reports on the NADA's case against flat fees, while biweekly payment providers unite. Also this week, Fifth Third Bank comes under regulator scrutiny, while California cracks down on the sale of used vehicles with open recall issues.

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NewsMay 21, 2014

Cars.com: Service Department Reputation a Key Factor in Car-Buying Decision

A recent survey commissioned by Cars.com found that more than half of car shoppers seek out reviews for a dealership’s service department before purchasing a vehicle.

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NewsMay 20, 2014

Reynolds Integrates Payment Solution Into DMS

The Reynolds and Reynolds Co. and Global Payments Inc. announced an agreement this week to offer point-of-sale, electronic payment solutions for automotive dealerships.

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NewsMay 20, 2014

TrueCar Announces Pricing of Initial Public Offering

Last week, TrueCar announced the pricing of its initial public offering of 7,775,000 shares of its common stock at a price to the public of $9 per share.

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NewsMay 20, 2014

Edmunds: Car Shoppers Don’t Focus on Rock-Bottom Price

Most car shoppers don't fixate on a rock-bottom price, especially if they can avoid long and tense negotiations with fair upfront pricing, according to a report from Edmunds.com.

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Newsby Brittany-Marie SwansonMay 15, 2014

DOJ Investigating Fifth Third Bank’s Auto Lending Practices

Fifth Third Bancorp revealed in a regulatory filing this month that its indirect auto loan portfolio is being examined by the Department of Justice to determine whether the finance source engaged in discriminatory practices.

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Videosby StaffMay 15, 2014

ADTV: FTC Probes Biweekly Payments, Approves Deceptive Ad Settlements

Auto Dealer TV's Jennifer Nebrich reports on the NADA's memo regarding biweekly payment products, the FTC's settlements with Nissan and 10 dealers, and setbacks for Tesla in Missouri and with Toyota.

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