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AutoNation in Discussions to Enter Into New $1.5 Billion Credit Agreement
FORT LAUDERDALE, Fla. — AutoNation, Inc., America’s largest automotive retailer, announced recently that it is in discussions with its existing lenders as well as new lenders with respect to a proposed new five year credit agreemen
Nov 24, 2011
Equifax: Auto Lending Has Consistently Performed Strongly in 2011
ATLANTA — While total consumer debt has nearly returned to pre-recession levels*, the amount of total new credit issued still lags behind pre-recession levels by a full 45%**, according to the most recent Equifax National Credit Trends Report
Nov 24, 2011
America’s Car-Mart Reports Net Income of $7.8 Million
BENTONVILLE, Ark. — America’s Car-Mart, Inc. announced its operating results for its second fiscal quarter ended October 31, 2011. The Company repurchased 515,642 shares of its common stock during the quarter representing 5.1% of the outs
Nov 24, 2011
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Finance & Insurance News
TransUnion: National Auto Loan Delinquencies Decrease on a Year-Over-Year Basis for Eighth Consecutive Quarter
CHICAGO, IL – The national auto delinquency rate (the rate of borrowers 60 or more days past due) decreased on a year-over-year basis for the eighth consecutive quarter, dropping from 0.58% in Q3 2010 to 0.47% Q3 2011. However, auto delinquenci
Nov 24, 2011
Wolters Kluwer Financial Services Teams with Integrated Dealer Systems
Minneapolis, MN – Wolters Kluwer Financial Services announced that Integrated Dealer Systems, a division of Constellation Software Inc. (TSC: CSU) and leading provider of dealer management software (DMS) for the recreational vehicle (RV) and
Nov 23, 2011
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Dealer/GM NewsDigital DealerFinance & Insurance NewsPre-Owned Sales & Marketing StrategiesSales & Marketing
KBB.com Announces 2012 Best Resale Value Awards Sweepstakes on Kelley Blue Book Page on Facebook, All-New Badge Program
IRVINE, Calif. — In honor of the 2012 Best Resale Value Awards, Kelley Blue Book is running a sweepstakes to help consumers get in on the winning spirit. With three $200 gas cards up for grabs, fans can enter (once per person, per day) on the
Nov 23, 2011
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Dealer/GM NewsDigital DealerFinance & Insurance NewsPre-Owned Sales & Marketing StrategiesSales & Marketing
What Happened to Test Drives?
Do new car shoppers test drive cars anymore before they buy them? A recent story from The Detroit News said LeaseTrader.com has seen an increasing trend among car buyers who are closing deals online for vehicles without even test driving them first.
Nov 23, 2011
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Digital DealerFinance & Insurance NewsLead Management & CRMMarketing StrategiesSales & Marketing
Building Trust Online is an Entire Dealership Effort
The J.D. Power Automotive Internet Roundtable held October 12, 2011 in Las Vegas hosted a panel discussion on the topic of “How Dealers Can Build Trust Online to Increase Online Sales.” Judging by the attendance, this topic is worthy of further
Nov 23, 2011
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Dealer/GM NewsFinance & Insurance NewsFixed Operations NewsPre-Owned Sales & Marketing StrategiesSales & Marketing
TrueCar.com Provides Best New Car Deals During Black Friday Weekend
SANTA MONICA, Calif. — Forget the mall or department store, and the long lines that await shoppers on Black Friday and the upcoming weekend. TrueCar.com suggests car buyers take advantage of some amazing deals available on 2011 and 2012 models
Nov 23, 2011