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Edmunds.com estimates the average new-car incentive in the U.S. was $2,681 per vehicle sold in August 2010, down $84, or 3.0 percent, from July 2010, and up $225, or 9.2 percent, from August 2009.According to Edmunds.com, combined incentives spending for ...
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Buy-here, pay-here chain DriveTime has selected CheckFreePay from Fiserv to provide walk-in bill payment options for its customers. This walk-in service allows DriveTime customers to conveniently make car loan payments in cash at more than 20,000 CheckFre...
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Economic activity in the manufacturing sector expanded in August for the 13th consecutive month, and the overall economy grew for the 16th consecutive month, according to the Institute for Supply Management.August represents the 13th consecutive month of ...
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Honk, the leading social networking automotive platform, announced its licensing agreement with USAA enabling USAA customers to use Honk’s social networking tools to read and write vehicle reviews and ecommendations when using the USAA Car Buying Servic...
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The Conference Board Consumer Confidence Index which had declined in July, improved moderately in August. The Index now stands at 53.5 (1985=100), up from 51.0 in July. The Present Situation Index decreased to 24.9 from 26.4. The Expectations Index increa...
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The International Automotive Remarketers Alliance Summer Roundtable drew more than 150 attendees to its meeting held last recently in Denver at the Hyatt Regency Downtown.Topics included standardizing vehicle certifications by working with the National Au...
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HSBC Holdings PLC has completed the sale of its remaining U.S. consumer finance auto loan run-off portfolio to Santander Consumer USA Inc for $3.56 billion in cash.The deal was announced last November.
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CarGurus announced the results of its online car shopping brand loyalty study. As part of this study, 1.7 million car searches were analyzed for consumers using CarGurus' DealFinder online car shopping service. The consumer's initial search was then compa...
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Automotive loan delinquencies dropped during the second quarter, marking the second consecutive quarter that showed a year-over-year decrease in quarterly delinquencies. Lenders also made a higher percentage of loans to nonprime and subprime customers, a ...
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Personal income increased $30 billion and disposable personal income (DPI) increased $17.6 billion in July, according to the Bureau of Economic Analysis. Personal consumption expenditures (PCE) increased $44.1 billion. In June, personal income decreas...
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The Barrett-Jackson Auction Co. will showcase more than 100 hot rods, resto-mods, classics, new collectibles and muscle cars during its 2nd annual Las Vegas Road Rally on Sept. 22. The rally will begin in the Gold Lot at the Las Vegas Convention Center ...
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The ServNet Auction group is now 23 auctions strong and has extended its footprint beyond the 48 contiguous states with the addition of Dealers Auto Auction of Alaska, ServNet CEO Pierre Pons announced this week.
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Manheim has expanded its partnership with Wells Fargo Auto Finance by adding a new sale at Manheim Phoenix.
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Vinscan, a Los Angeles-based VIN barcode scanning company, has announced a partnership with vehicle history report provider Carfax.Vinscan enables users to access their Carfax account at carfaxonline.com directly from the Vinscan handheld scanning device....
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Cars.com dealers using the company's free online chat functionality can now communicate with customers from their Internet-enabled smartphones. The company added on-the-go access to its chat platform to create new opportunities for dealers to connect with...
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Manheim’s Total Resource Auctions has completed construction on its newest facility, located in Wilmer, Texas, near Dallas. To celebrate the official opening of the eco-friendly facility, the company is holding a special event sale on Monday, Aug. 30, a...
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New vehicle sales (including fleet sales) are expected to be 1,028,200 units this month, a 17.7 percent decrease from August 2009 and a 1.4 percent decrease from July 2010, according to Edmunds.com, the premier online resource for automotive information.
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AutoTrader Classics and Fireball Tim Entertainment will unveil the Redster, a one-of-a-kind interactive vehicle, on Aug. 28 at Cinema Vehicle Services, the oldest and only full service picture car company in the United States. The Redster was built as a p...
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Steve Simon, CEO of American Auto Auction Group, has been honored by the Department of Defense for his volunteer work with members of the Armed Forces and civilian employees serving in Iraq.
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ADESA has expanded its reach in the greater Cincinnati area with the opening of a new used-vehicle auction. ADESA Queen City joins ADESA Cincinnati-Dayton and ADESA Cleveland in the robust Ohio market. ADESA Cincinnati-Dayton General Manager Geoff Parker ...
