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Consumers Buy When Price is Right
Consumers bought cars in July, but not houses.New-car sales neared a SAAR of 12 million last month, the highest volume of the year. Almost all brands enjoyed improved performance, from Ford and Chevrolet to Mercedes and ...
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Lenders who are successful in satisfying automotive dealers by meeting key performance expectations are more likely to capture a greater share of preferred loan applications from their dealer network, which can drive higher levels of revenue and profitabi...
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Lithia Motors has reported a net loss of $1.72 million for the second quarter ended June 30, compared to a net income of $3.66 million for the same period of 2009.Total revenue for the quarter was $534.1 million compared to $443.56 million for the same pe...
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The National Automotive Finance (NAF) Association's 2010 Below-Prime Automotive Financing Survey has been published and shows that the availability of ABS funding is growing.The survey, conducted by outside consultant BenchMark Consulting International, a...
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CounselorLibrary.com LLC, the publisher of automobile financing and leasing legal compliance services, recently announced a new book in the Carlaw series by Thomas B. Hudson, of Hudson Cook, LLP and a former partner of the firm, Emily Marlow Beck.
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Wolters Kluwer Financial Services has announced that finance company Consumer Portfolio Services, Inc. (CPS) has joined its AppOne platform.AppOne automates the indirect lending, credit approval and compliance processes for lenders and the auto, RV and ma...
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Corrected version. The earlier version of this story should not have referenced anyone from Manheim or Total Resource Auctions.
The Law Office of Vincent Wong is investigating the board of directors of AmeriCredit Corp. for possible breaches of fiduci...
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The U.S. Commerce Department’s Bureau of Economic Analysis today released the first estimate of gross domestic product (GDP) for the second quarter of 2010.
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Penske Automotive Group Inc. reported second quarter income from continuing operations attributable to common shareholders of $29.2 million. Total revenue in the second quarter increased 16.6 percent to $2.7 billion. The revenue growth was driven by a 16....
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Netezza Corp. announced that Kelley Blue Book has selected the Netezza TwinFi data warehouse appliance to gain deeper insights into advertising performance and site traffic, and to increase customer satisfaction and advertising revenue. Kelley Blue Book...
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Manheim is helping Nissan Motor Acceptance Corp. and Infiniti Financial Services keep their off-lease, or “grounded,” vehicles on the fast track to new owners with the introduction of an end-to-end grounding and remarketing solution. The program harne...
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Asbury Automotive Group Inc. reported income from continuing operations for the second quarter 2010 of $13.7 million versus income from continuing operations of $6.6 million in the corresponding period last year. The increase was primarily the result of 1...
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CarMax Inc. announced that Angela Burnett from Mechanicsville, Va., won the LUV2DRV Facebook Giveaway grand prize of $2,500. Angela was randomly selected from thousands of Facebook users who entered the giveaway.The giveaway ran from May 26 to July 6 as p...
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The Conference Board Consumer Confidence Index which had declined sharply in June, retreated further in July. The Index now stands at 50.4, down from 54.3 in June. The Present Situation Index decreased to 26.1 from 26.8. The Expectations Index declined to...
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Auto manufacturer websites that focus primarily on brand image promotion and interesting design features rather than usability may be hindering vehicle shoppers in their search for information, according to the J.D. Power and Associates 2010 Manufacturer ...
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Napa, Calif., based AUL Corp. has hired Jimmy Atkinson as chief operating officer and senior vice president. Atkinson had been serving as senior vice president of Assurant Solutions, Vehicle Service Contract Business Division, in Atlanta.
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AutoTrader.com will use the power of its site, which attracts more than 15 million unique monthly visitors, to help raise awareness of and funds for St. Jude Children's Research Hospital.
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Used Car Sales Improve
June ended a strong quarter for auto sales, both new and used.
AutoNation Inc.'s 2010 second quarter used retail vehicle revenue increased 28 percent compared to the year-ago period, as retail unit sales increased 20 percent and...
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GM Certified Used Vehicles extended its nationwide financing offer through Sept. 7.Well-qualified buyers can get a 1.9 percent, 2.9 percent or 3.9 percent annual percentage rate loan on 2005 - 2010 model year Chevrolet Impalas. The 1.9 percent financin...
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California Insurance Commissioner Steve Poizner filed a cease and desist order against two individuals and a company they own for purportedly selling insurance disguised as "auto additive warranties," without a license.
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