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Openlane Inc. has experienced significant momentum with its Certified Auction Partner (CAP) program since its launch in the fourth quarter 2009. Not yet a year old, the program has already signed more than 35 auction partners since the beginning of this ...
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Manheim has appointed Louis “Lou” Verrengia to vice president of commercial accounts. In this position, Verrengia will take a leadership role within the commercial accounts team where he will be responsible for building and maintaining client relation...
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NADAguides has developed an iPhone site to satisfy the increasing consumer need for instant access to car shopping tools and information on the go.
With this free iPhone site, users can build and price new cars with options and research used car pricin...
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Service contract provider US Direct Protect will now offer a zero deductible plan with almost all of its extended car warranty and vehicle service contracts. Starting Sept. 1 a driver can purchase a service contract on the vehicle and pay no deductible.
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Consumer Portfolio Services Inc. received a NASDAQ staff deficiency letter on August 24, 2010 indicating that the company has failed to comply with the minimum bid price of $1.00 as required by Rule 5450(a)(1).
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Sun-Times Media has partnered with Online Automotive Solutions to launch ToDrive.com, an automobile marketplace that is the Chicago region’s first comprehensive hyperlocal automotive site to give consumers a premium automobile search experience.
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AutoTrader.com, participating Atlanta area Chevrolet dealerships and the Atlanta Braves will team up to “Drive Away Hunger” in metro Atlanta and north Georgia by raising funds and collecting food for the Atlanta Community Food Bank (ACFB).
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Dorothy Dailey Furr, 87, died on August 31. Dorothy was the loving wife to Ray Furr, owner of the Lubbock Auto Auction in Lubbock, Texas.Dorothy “Dottie” was born in Romney, W. Va. and moved to Cleveland, Ohio as a child. Dottie started the “Golden ...
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Manheim and Avis Budget Group are expanding the Avis Early Access rental vehicle remarketing program to eight new markets, following a successful beginning to the program at select Avis airport locations in six major markets. Dealers can now tap into th...
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The IARA announced the following board directors were appointed to vice president positions at the IARA's annual meeting in Denver. Appointed as new Vice Presidents for 2010/2011 were Robert Wagner, associate director of asset remarketing for Hyundai Ca...
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Coaches vs. Cancer is a national organization that seeks to increase cancer awareness and promote healthy living among students, faculty, and the community at large through year-round awareness efforts, fundraising activities and advocacy programs. The or...
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Avis Budget Group Inc. is increasing the cash portion of its offer for Dollar Thrifty Automotive Group Inc. to $40.75 per share from $39.25 (which would include the proceeds of a pre-closing special dividend to be paid by Dollar Thrifty consistent with it...
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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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Falling Prices Now a Worry
It sounds surprising, given all the concern over high prices at auction, but a bigger concern for many economists is prices falling.Deflation is general decline of prices caused by a lack of spending. It has caused several o...
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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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