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Used Cars

AutoTrader.com said to be in talks for initial public stock offering

9:21 pm U.S. ET | Feb. 3, 2012
AutoTrader, which runs a Web site linking buyers and sellers of new and used cars, is talking to banks about a potential initial public offering, a person with knowledge of the discussions said Friday.... Read More »
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Manheim report sees positive trends in leasing

12:01 am U.S. ET | Feb. 6, 2012
In 2011, 20 percent of the 10.6 million new vehicles counted as sold in the United States at retail, excluding sales to fleets, were leased, one percentage point higher than in 2010, says the Manheim 2012 Used Car Market Report. More important than the percentage gain, the report concludes, is that the industry got leasing right last year, at least "for the most part."... Read More »
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BEST OF BEST PRACTICES

At last, used cars drive profits for N.Y. dealer

2:00 pm U.S. ET | Feb. 5, 2012
Suzanne Cochrane, general manager of Helms Bros. Inc. in New York, struggled for years to sell 15 used vehicles a month at the company's Mercedes-Benz dealership. Then in 2009, inspired by a factory-backed program on how to make money on used vehicles, Cochrane made substantial changes to turn the ship around.... Read More »
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Used-car prices likely to rise 2%

8:01 pm U.S. ET | Feb. 4, 2012
Used-vehicle prices will rise on average about 2 percent byyear end, with prices peaking in April, Jonathan Banks, executive automotive analyst at NADA Used Car Guide, predicts. That's on top of a 3 percent average increase in 2011, he says.... Read More »
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New vehicle leasing rises to 20 percent of U.S. sales in 2011

12:00 pm U.S. ET | Feb. 4, 2012
New light-vehicle leasing increased in 2011 from a year earlier, to 20 percent of U.S. retail sales, according to the Manheim 2012 Used Car Market Report. That’s one percentage point higher than in 2010, according to the annual report released today at the convention.... Read More »
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AutoNation: If description fits, we'll buy it

12:01 am U.S. ET | Jan. 30, 2012
AutoNation Inc. is making offers to purchase used vehicles -- sight unseen -- listed for sale on popular third-party Web sites. It also guarantees to pay the amount offered for a vehicle if the condition description proves accurate when the vehicle is brought to an AutoNation store. Mike Maroone, COO of the nation's largest dealership group, says the pilot program with eBay, Edmunds.... Read More »
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Honda's credit rating outlook lowered by Moody's

12:29 pm U.S. ET | Feb. 6 2012
Honda’s credit rating outlook was dropped from stable to negative by Moody’s Investors Service over concern the automaker faces challenges in regaining its market position due to growing competition, Bloomberg reported today.... Read More »
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FIXED OPERATIONS

Veloster kicks off Hyundai's push for more accessories

12:01 am U.S. ET | Feb. 6 2012
Buyers of Hyundai's youth-oriented Veloster coupe soon will have more accessories to buy at dealerships to personalize their ride. Hyundai dealers will have about 30 Veloster accessories to sell in the second quarter, compared with the 12 to 15 accessories Hyundai has for most cars.... Read More »
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Volvo establishes captive finance arm

4:30 pm U.S. ET | Feb. 5 2012
Volvo Cars of North America is launching a captive finance arm, and services will begin this year. Bank of America will provide funding for Volvo Car Financial Services' financing products.... Read More »
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GM seeks Volt boost from California carpool lanes, Super Bowl ad

3:30 am U.S. ET | Feb. 6 2012
GM hopes its plug-in Chevrolet Volt, stung by safety concerns, can get a sales boost from a version due next month that lets solo California drivers use carpool lanes and a Super Bowl ad touting its technology.... Read More »
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FIXED OPERATIONS

Dealer uses service clinics to build loyalty

12:01 am U.S. ET | Feb. 6 2012
Dealer Bob Rountree says that about 70 percent of his new- and used-vehicle buyers at his two Ford Motor Co. stores are repeat customers. Rountree credits much of his success to an epiphany he had 10 years ago: He would offer a service clinic once each quarter to his buyers of both new and used vehicles.... Read More »
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Honda pulls forward major changes to Civic to this fall

7:09 pm U.S. ET | Feb. 5 2012
Honda will bring out a significant mid-cycle change to its embattled Civic compact this fall, just 18 months after it launched, a high-ranking executive told dealers here.... Read More »
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FINAL ASSEMBLY

Updated version of 'Rambo Lambo' SUV is on the way

12:01 am U.S. ET | Feb. 6 2012
Before the heyday of big SUVs in the 1990s, Lamborghini departed from its script and introduced the LM002 -- a muscular off-roader that was built in small numbers from 1986 to 1993. The "Rambo Lambo" was seen as an oddity for a company famed for such distinguished high-performance sports cars as the Miura and Countach.... Read More »
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