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LEAP Financial and 722 Redemption Funding Announce Partnership to Offer Redemption and Replacement Financing for Chapter 7 Bankruptcy Filers

San Diego, CA, and Cincinnati, OH — – LEAP Financial, an auto leasing company that serves consumers who have difficulty obtaining credit, and 722 Redemption Funding, a provider of vehicle financing solutions during bankruptcy, announced a part
Feb 17, 2012
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Lenders have Reloaded their Chips and are Playing more Aggressive Hands

I love when the National Automobile Dealers Association convention takes place in Las Vegas, as it did this year. Though I’m much more inclined to spend my time in Las Vegas taking in a show, I like the sensory overload of a walk down the strip or
Feb 17, 2012
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GM Financial Reports Earnings of $104 Million

FORT WORTH, TEXAS – GENERAL MOTORS FINANCIAL COMPANY, INC. (“GM Financial” or the “Company”) announced net income of $104 million for the quarter ended December 31, 2011, and $386 million for the year ended December 31, 2011. Earnings of $1
Feb 17, 2012
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RouteOne Compliance Dashboard Now Available

FARMINGTON HILLS, Mich. — RouteOne LLC announced today the introduction of the Compliance Dashboard, a free tool that provides dealers a visual assessment of the dealership’s compliance status for all applicable deals. Dealers may track
Feb 16, 2012
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‘I Learned it All from You”

Looking back over my 30 years in the training business it never ceases to amaze me how our industry changes so rapidly, yet stays the same.  Basic fundamentals that have made each one of your dealerships what they are today have survived the years.
Feb 16, 2012
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Used Vehicle Prices Expected to Increase 3-5% in 2012

According to Kelly Blue Book’s recent issue of the Blue Book Market Report for February 2012 on the Q1 and Q2 Outlook for used vehicles, Kelley Blue Book expects supply to remain a significant challenge for dealers in 2012, and as a result, they
Feb 16, 2012
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Asbury Automotive Group Reports Finance and Insurance Revenues Up 24%

DULUTH, Ga. — Asbury Automotive Group, Inc., one of the largest automotive retail and service companies in the U.S., today reported adjusted income from continuing operations for the fourth quarter 2011 of $17.0 million, or $0.54 per diluted sh
Feb 16, 2012
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Penske Automotive Reports Used Unit Retail Sales Up 20%

BLOOMFIELD HILLS, Mich. — Penske Automotive Group, Inc. announced this week that fourth quarter 2011 income from continuing operations attributable to common shareholders increased 22% to $42.5 million and related earnings per share increased 2
Feb 16, 2012
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AutoTrader.com Takes an Equity Stake in ControlBox.com to Advance Online Privacy and Security Products

ATLANTA and LAKE ORION, Mich. — AutoTrader.com, the ultimate automotive marketplace, is taking an equity stake in ControlBox.com LLC in support of the launch of the Privacy Shield™ product, which helps private sellers keep their personal con
Feb 16, 2012