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Penske Automotive Group reported higher used-car sales and prices, but lower gross profits and margins.
Used unit retail sales rose 14.8 percent at the dealer group’s stores in the first quarter. Same-store retail revenue on those used units increased by 18.7 percent.
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Transporter MetroGistics has hired Adam Laura as director of strategic accounts.
In this role, Laura will be responsible for maintaining relationships with key customer accounts as well as developing and growing MetroGistics’ customer portfolio.
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General Motors Financial Company Inc. announced earnings of $145 million for the quarter ended March 31, compared to $106 million for the quarter ended March 31, 2013.
Consumer loan originations were $3.4 billion for the quarter ended March 31, compared to $3.3 billion for the quarter ended Dec. 31, and $1.4 billion for the quarter ended March 31, 2013. Consumer loan originations in North America for the quarter ended March 31were $1.4 billion. The outstanding balance of consumer finance receivables totaled $24.1 billion at March 31.
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A survey by email marketing firm Constant Contact suggests multi-channel marketing – email, social, mobile, and Web – increases customer engagement.
In the survey, Constant Contact asked 1,305 U.S. small businesses and non-profits about the ways they connect with and grow their audience.