| ALG Expects Lower Residuals |
May 16th, 2013 |
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 ALG is forecasting a slight decrease in 36-month residual values of -0.5 percentage points, which compares favorably to historical norms that expected a -0.9-percentage point drop, according to the latest ALG Industry Report.
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| CarMax Hires for New Store |
May 16th, 2013 |
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 CarMax Inc. is currently hiring for the company's new store in Jackson, Tenn.
It is CarMax's first store in Jackson and its seventh store in Tennessee.
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| Small Business Owners Feel Better |
May 16th, 2013 |
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 The National Federation of Independent Business' Index of Small Business Optimism rose 2.6 points to 92.1 in April, just above the recovery average of 90.7.
In April's report, 4 index components rose, 2 fell and 4 were unchanged. Yet pessimism abounds within the sector, as still far more of those surveyed expect business conditions to be worse in six months than those who think they will be better.
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| Lawyer Group Elects Officers |
May 16th, 2013 |
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 The National Association of Dealer Counsel (NADC) Board of Directors elected officers at its 9th Annual Member Conference held at The Montage Resort in Laguna Beach, Calif.
Oren Tasini of Haile, Shaw & Pfaffenberger, P.A. was elected president, replacing former President Patty Covington of Hudson Cook, LLP. Stephen Linzer of Tiffany & Bosco, P.A. and Diane Cafritz of CarMax were elected vice presidents. Andrew Weill of Benjamin, Weill & Mazer was elected treasurer and Tom Hudson of Hudson Cook LLP was elected secretary. The officers will serve two-year terms.
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| Chrysler Recalls SUVs for Crash Risks |
May 16th, 2013 |
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 Chrysler Group LLC is recalling 295,345 model year 2005-2010 Jeep Grand Cherokee vehicles manufactured Feb. 11, 2004, through March 9, 2010; and 2006-2010 Jeep Commander vehicles manufactured Jan. 31, 2005, through March 10, 2010.
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| SEMA Enhances Collision Expo |
May 16th, 2013 |
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 The 2013 SEMA Show will include enhanced features for the Collision Repair & Refinish market, including an expanded show floor area, targeted activities both inside and outside the Las Vegas Convention Center and an educational program.
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| NADA Extends Deadline for Study |
May 16th, 2013 |
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 The National Automobile Dealers Association (NADA), American Truck Dealers (ATD) and NADA University have extended the deadline to participate in the 2013 Dealership Workforce Study until June 30.
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| Value Guide Pioneer Passes Away |
May 16th, 2013 |
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 James Harry Lawrence, a member of the National Auto Auction Association Hall of Fame, died May 2. He was 90.
Lawrence served in the U.S. Army Air Corps during World War II. He then attended the Johns Hopkins University, graduating in 1951 with a degree in political economy.
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| Ally Remains on Negative Watch |
May 16th, 2013 |
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 Fitch Ratings has maintained Ally Financial Inc.'s long-term Issuer Default Rating and senior unsecured debt rating of 'BB-' on Rating Watch Negative.
The ratings were first placed on Rating Watch Negative on May 15, 2012; following the bankruptcy filing by Ally's wholly owned subsidiary Residential Capital LLC.
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| NADA University Now Accepting Speaking Proposals for 2014 Convention |
May 16th, 2013 |
The national dealer group is now accepting speaker proposals for its 2014 NADA and ATD conventions in New Orleans.
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