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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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Charleston Auto Auction was awarded the 2009 National Auction of the Year for MarkOne Financial. Jason Ghioto, Collection/Remarketing Manager for MarkOne Financial was on hand to present the award.
"Overall service, and of course retention are the t...
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Black Book rolled out a new iPhone Application - iUsed Car. This new app, available through the Apple iStore, resides on the iPhone or iTouch device to maximize both speed and ease of use. Retail and industry qualified Automobile Dealer only versions are...
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AmeriCredit Corp. has named Rawls Auto Auction in Leesville, S.C., as its 2009 Auction of the Year as part of the company's nationwide Auction of Excellence program.
Every year, AmeriCredit representatives review the performance of participating auctions...
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CarsArrive Network is now the sole transportation solution for Volkswagen Credit Inc. (VCI), including Audi Financial Services, for all vehicles being moved to physical auctions. CarsArrive Network, which is owned by Openlane, will provide a full service ...
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Toyota has recently made headlines due to a problem with the accelerator sticking on certain vehicles. Nineteen fatalities have been linked to the issue, and Toyota has recalled 2.3 million cars in the U.S. for repairs, which has caused a sense of panic f...
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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...
