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Toyota's Troubles Impact Used Car Business
February used-car sales look like they'll be off about 2 percent vs. a year ago, mostly because of Toyota, according to CNW Marketing Research. In the first few days after the recall announcement, Toyota used sa...
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Carolina Auto Auction has won the award all four years that BB&T has handed it out.
"Being an independent auction, we are able to make quick responses to the ever-changing auction environment," said Carolina Auto Auction general manager Tommy Rogers. "Ev...
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Openlane Inc. launched the Openlane Certified Auction Partner program aimed at giving physical automotive auction companies a sales channel to remarket vehicles that did not sell in the auction lane though Openlane.com. One of the benefits for dealers i...
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AutoTrader Classics will begin providing exclusive online classifieds listings to Source Interlink. This agreement covers all 22 Source Interlink Media enthusiast sites, including those for such magazines as Hot Rod and Car Craft, as well as Mopar Muscl...
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Experian Automotive has enhanced its vehicle data service offerings with Manheim. In addition to providing auction data to Experian's AutoCheck reporting service, a free vehicle history snapshot will now be offered, giving dealers immediate access to pote...
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Plaza Auto Auction in Mt. Vernon, Iowa, is the only auto auction to offer sales on the OVE.com platform in the state of Iowa.
Owner Mark Greb said, "As the longest running auction in the state of Iowa; Plaza Auto Auction has a long history of innovation ...
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KAR Auction Services Inc. reported its fourth quarter and annual financial results recently. For the fourth quarter of 2009, the company reported revenue of $417.9 million as compared with fourth quarter 2008 revenue of $396.2 million. Adjusted earning ...
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Lithia Motors Inc. announced fourth quarter 2009 revenue totaled $419 million, compared to $399 million in the year-ago period, an increase driven primarily by higher used vehicle sales. Same store new vehicle sales increased 1.2 percent while used vehicl...
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Dealer Track Holdings Inc. reported revenue for the fourth quarter was $53.2 million, as compared to $54.7 million for the fourth quarter of 2008. Adjusted earnings for the quarter was $8.2 million, as compared to $7.8 million for the fourth quarter of 20...
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AutoMD.com, a free online auto repair resource, today released its Advocacy for Repair Shop Fairness Report, an analysis of how the top-50 most populated U.S. cities stack up when it comes to providing consumers with fair auto repair cost estimates. In th...
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General Motors and Spyker Cars NV have finalized the deal for Spyker to purchase Saab Automobile AB.
Going forward, Saab and Spyker will operate under the Spyker umbrella, and Spyker will assume responsibility for Saab operations. The previously announc...
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Home Sales Create Another Cause for Concern
There was more bad housing news at the end of last week, again raising questions about the strength of the recovery.Existing-home sales fell in January but are above year-ago levels, according to the National A...
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Sonic Automotive Inc. reported a profit in its latest quarter thanks in part to strong used-car sales.Overall used vehicle unit volume was up 18 percent and total used vehicle revenue was up almost 23 percent for the fourth quarter compared to the same qu...
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American Auto Auction Group LLC has introduced the management teams at its flagship auction properties: Charleston Auto Auction in Charleston, SC, and Rea Brothers' Mid-South Auto Auction in Pearl, MS. Industry veterans Keith Lelux and Steve Simon launch...
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AutoTrader.com hit an all time new record day in site traffic this month, recording 986,052 unique visitors on Feb. 15.During January and February, AutoTrader.com had several high-profile marketing activities underway that exposed the brand to millions, h...
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DealerTrack Holdings, Inc. reported financial results for the fourth quarter, with revenue of $53.2 million, as compared to $54.7 million for the fourth quarter of 2008.Net loss for the quarter was $700,000, as compared to a net loss of $1.1 million for t...
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The outlook for auto dealer service volumes and customer spending appears challenging, with decreases in service business brought on by depressed auto sales in 2008 and 2009 projected to continue for several years, whereby service volume may reach a low p...
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Employment Outlook Dampens Consumer Confidence
The mood of consumers suddenly soured this month.
The Conference Board Consumer Confidence Index, which had increased in January, declined sharply in February. The Index now stands at 46, down from 56.5 i...
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Auto industry veteran Scott Lilja has been named vice president of member services for the National Independent Automobile Dealers Association, according to NIADA CEO Michael R. Linn.
"Scott is one of the best known players in the automotive industry and...
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FLD Inc. has announced that Gary Mott has been promoted to vice president. Mott has been with FLD since 1993 and was most recently the vice president of business development.
Mott's responsibilities will include training and managing the sales team and r...
