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NewsNovember 15, 2006

ALG Announces 8th Annual Residual Value Awards for Top Segment Leaders & Brand Residual Value Awards

SANTA BARBARA, CA - Automotive Lease Guide (ALG) has announced its annual Residual Value Awards, which honor those vehicles in each automotive segment predicted to retain the highest percentage of their original price. This year's awards are based on 2007-model year vehicles.

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NewsNovember 15, 2006

Cox Auto Trader Names George Vice President of Strategy & Business Development

ATLANTA – Atlanta-based Cox Auto Trader has appointed Joe George, 40, vice president of strategy and business development. Reporting to Sandy Schwartz, president, George will be responsible for maximizing value and implementing synergies across Cox Auto Trader companies and identifying potential partnerships and business alliances across all of Cox Enterprises' subsidiaries.

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NewsNovember 14, 2006

Spike in October Sales Helps DriveTime's Annual Fundraiser

PHOENIX – DriveTime, a used-car sales and finance company, announced the company's third-annual October SchoolDrive Sales Promotion raised a record $525,000 – nearly a 10-percent increase over last year.

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NewsNovember 14, 2006

Union Leasing Selects Fourth Fleet Financial for Driver/Employee Sale Financing Program

SCHAUMBURG, IL - Union Leasing has chosen Fourth Fleet Financial, Inc. to provide automotive financing and extended service contract protection options for its Driver/Employee Sale Program.

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NewsNovember 9, 2006

In MemoriamKenneth Wayne Aycock: 1938-2006

KENLY, N.C. – Kenneth Wayne Aycock, of Aycock Auto Auction, located in Kenly, passed away in his home Nov. 7, 2006, at the age of 68.

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NewsNovember 9, 2006

Acacia Automotive, Inc. to Start New Auction Group

OCALA, FL – Tony Moorby, president and COO, Acacia Automotive, Inc., along with Steve "Junior" Sample, chairman and CEO, are looking to acquire already-profitable mid-sized auctions.

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NewsNovember 9, 2006

Chinese Auto Dealers Visit Manheim's Aloha Auto Auction

ATLANTA – Manheim's Aloha Auto Auction in Honolulu, Hawaii, recently hosted a delegation from the Chinese Automobile Dealers Association (CADA). It was their first visit to a U.S. auto auction.

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NewsNovember 9, 2006

ServNet Auctions Commissions J.D. Power & Associates to Provide Independent Price Performance Information

INDIANAPOLIS – ServNet Auctions plans to retain Power Information Network, a division of J.D. Power and Associates, to provide a quarterly report that will compare the average price performance results of its independent member auctions to the average performance of their respective region.

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NewsNovember 9, 2006

RSA Mortgage to Close, but Won't Affect RSA Automotive Solutions

BUFFALO, NY - Approximately 130 employees at RSA's Amherst mortgage unit will lose their jobs early next year when RSA Mortgage Solutions, Inc., shuts down Jan. 5 2007.

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NewsNovember 8, 2006

Group 1 Automotive Reports 25% Increase in Third-Quarter Earnings Per Share

HOUSTON – Group 1 Automotive, Inc., a Fortune 500 automotive retailer, reported that net income for the third quarter ended Sept. 30, 2006, increased 22.2 percent to $26.4 million, on revenues of $1.6 billion.

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