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NewsMarch 1, 2017

AutoGravity App Surpasses 200,000 Downloads

The fintech firm today announced it has surpassed 200,000 downloads of its native iOS and Android smartphone apps. The company’s platform allows car shoppers in 46 states to secure financing on a specific vehicle before heading to the dealership to complete the deal.

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NewsMarch 1, 2017

Wilen Direct Launches Wilen Auto

Wilen has launched a new division offering direct mail services to auto dealers and manufacturers.

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Articlesby Todd BryantMarch 1, 2017

Tesla vs. Franchise: Weighing the Pros and Cons

Todd Bryant ponders the implications of Tesla’s direct-sales model for car buyers and their communities, both of which have benefited from the franchise model.

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ArticlesFebruary 28, 2017

What's the Downside?

Unlike new technology, every investment in training is guaranteed to pay off.

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NewsFebruary 28, 2017

Kontos: January Wholesale Prices Rise 6.7% YOY

Wholesale used-vehicle prices in January averaged $10,945, a 6.7% increase from a year ago and a 2.8% rise from the prior month, according to ADESA Analytical Services.

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NewsFebruary 28, 2017

eBay Grows Dealer Referrer Network

eBay Motors reports an expanding network of dealers and car buyers. The program is designed to offer automotive partner organizations the ability to sell eBay’s subscription packages to their existing dealer networks.

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NewsFebruary 28, 2017

Black Book: Small Crossovers and Cars Have Strong Week

After four weeks of living below 0.37%, the depreciation rate for the truck segment reached its highest level in February — and its second-highest this year — last week, according to Black Book’s Feb. 27 Market Insights report.

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NewsFebruary 27, 2017

Black Book/Fitch: Vehicle Depreciation to Reach 17.8% in 2017

The vehicle valuation firm said the depreciation rate will rise from 17.3% in 2016 to 17.8%, while Fitch said Auto ABS performance will continue to slow in 2017 as losses slowly rise to more normalized levels.

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NewsFebruary 27, 2017

AutoFi Adds iLendingDIRECT Network

AutoFi today announced the addition of iLendingDIRECT and its network of credit unions to its point-of-sale auto finance solution. The fintech firm also announced its entrance into the used-vehicle market.

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Newsby Tariq KamalFebruary 23, 2017

Sonic Reports Recordbreaking Fourth Quarter

The nation’s fourth-largest auto retailer reported annual and quarterly records for pre-owned sales, F&I gross profit and fixed ops gross profit.

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