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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 today.... 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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Toyota, Honda begin to rebuild

12:01 am U.S. ET | Feb. 6 2012
An early trend: Last year's three big sales winners -- Chrysler Group, Hyundai-Kia and Volkswagen of America -- continued to drive the market in January. An early subplot: American Honda and Toyota Motor Sales U.S.A. have begun their long-awaited sales recoveries after a tough 2011.... Read More »
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DealersMore »

Shaw is Time's top dealer

12:01 am U.S. ET | Feb. 6 2012
Mike Shaw is the 2012 Time Dealer of the Year. Shaw, 65, was scheduled to receive the honor Saturday, Feb. 4, at the National Automobile Dealers Association convention here. He is dealer principal of Mike Shaw Chevrolet-Saab in Denver. Fifty auto dealers were nominated.... Read More »
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Finance & InsuranceMore »

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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MarketingMore »

Glaser will head M-B marketing

12:01 am U.S. ET | Feb. 6 2012
Mercedes-Benz USA has shifted Bernhard Glaser, the U.S. company's top product planner for nearly a decade, to its top marketing job. Glaser, 47, fills the post previously held by Steve Cannon, who took over as CEO of Mercedes-Benz USA in January.... Read More »
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Service & PartsMore »

Batey: Chevy lures younger buyers

6:02 pm U.S. ET | Feb. 4 2012
Chevrolet is bringing in younger customers and attracting buyers from non-General Motors brands, says Alan Batey, vice president of sales and service. He says that will help dealers overcome a dearth of leasees coming back into the market. He spoke here with Staff Reporter Mike Colias.... Read More »
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NADAMore »

Subaru promises adequate inventories

9:58 pm U.S. ET | Feb. 5 2012
Subaru of America reassured dealers today that inventory will not be a problem in the future and that it will meet or exceed its U.S. sales goal of 320,000.... Read More »
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Final AssemblyMore »
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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