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AutoNation Enters Into New $1.7 Billion Credit Agreement

FORT LAUDERDALE, Fla. — AutoNation, Inc. announced that it entered into a new unsecured credit agreement with a $500 million term loan facility and a $1.2 billion revolving credit facility. The new credit agreement contains an accordion feature
Dec 9, 2011

AAPC Applauds Plan for Enhanced Manufacturing Trade Between the United States and Canada

Washington D.C. – The American Automotive Policy Council (AAPC)  joined with other leaders of the North American manufacturing industry to applaud the announcement by President Barack Obama and Prime Minister Stephen Harper that the United States
Dec 8, 2011

Huntington Bank to Sponsor 2012 Indy Auto Show

COLUMBUS, Ohio — Huntington Bank has announced that it is a Platinum Sponsor of the 2012 Indy Auto Show being held December 26, 2011 through January 1, 2012 at the Indiana Convention Center. “Huntington is proud to support the Indy Auto Show,
Dec 8, 2011

PayNearMe Introduces PayNearMe Auto to Help BHPH Dealers Improve Cash Collection Rates

MOUNTAIN VIEW, Calif. — PayNearMe, the cash transaction network, today announced the release of PayNearMe Auto, a simple Web-based application that allows Buy Here Pay Here (BHPH) auto dealers to accept cash payments in an entirely new way. With Pa
Dec 8, 2011

FordDirect Enhances Product Team with Promotions of Ryan Soffa and Fadi Aoude

DEARBORN, Mich. — FordDirect, a joint venture between Ford Motor Company and its franchise dealers, announced today the appointment of two executives – Ryan Soffa, senior vice president of product development and Fadi Aoude, senior vice p
Dec 8, 2011

Three Key Prongs of a Provisioning Strategy for Used Vehicles

In my last column, I suggested that “provisioning” is a more apt description for determining the types of vehicles that are appropriate for a dealership’s inventory and marketplace. I like this term as a replacement for “stocking” because i
Dec 8, 2011

Is the Insurance Policy You Have the One You Thought You Bought?

Is the insurance policy sitting on your desk correct? Are all the “Is” dotted and “Ts” crossed? Did all the changes you negotiated and corrections you made actually end up in the policy? I have reviewed hundreds of policy sets every year and
Dec 8, 2011

Average Unique Visitors to Websites in November 2011: 3,732

According to a data from Dataium, the conversion rate of the average unique visitor to shopper was up 54% during the month of November 2011. This information is based on statistics for national automotive Internet behavior for November 2011. Below ar
Dec 8, 2011

Trend: 1 in 10 Mobile Subscribers Now Using iPhone

RESTON, VA – comScore, Inc., a leader in measuring the digital world, released data from the comScore MobiLens service, reporting key trends in the U.S. mobile phone industry during the three month average period ending October 2011. The study sur
Dec 8, 2011