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Porsche sees path for its subscription service

With profitability scarce, many automakers are steering away from their vehicle subscription experiments. Yet, Porsche is doubling down on its 3-year-old program. And it’s doing so in the maw of a health crisis that has many Americans wary of sharing vehicles. Porsche is now making its vehicle subscription service more …

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Credit Acceptance sees ‘fall off’ in new dealer volume

New dealer enrollment at Credit Acceptance Corp. has experienced a “fall off” in the fourth quarter, Chief Executive Brett Roberts said during the company’s Jan. 30 earnings call. CAC signed 753 new dealers last quarter, compared with 1,032 in the prior-year period. The Southfield, Mich.-based lender expected dealer sign-ups “somewhere …

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