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Operations•by Staff•July 5, 2007

BCA Expands French Network: BCA Bordeaux-Bassens Opens

BORDEAUX, FRANCE – BCAuctions in France has opened a third auction facility, based in Bordeaux, which joins existing operations in Paris and Lyon.

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Operations•by Staff•July 5, 2007

Resale Values Soar for Fleet Vehicles in the UK

LONDON – British Car Auctions' (BCA) Pulse Report for Quarter 1 2007, shows record levels for sales of fleet vehicles suggesting sustained consumer confidence in the retail sector.

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Operations•by Staff•July 5, 2007

GM to Decrease Rental Sales

DETROIT—General Motors Corp., said it will sell 20,000 fewer vehicles to rental car companies this month, driving down its total sales, Bloomberg reports.

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Operations•by Staff•June 28, 2007

AFLA Holds First-Ever Teleconference on the Outlook for Used-Vehicle Values

ST. PAUL, MN – The Automotive Fleet & Leasing Association (AFLA) held its first-ever member-only teleconference June 28 on the outlook for used-vehicle values.

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Operations•by Staff•June 28, 2007

IARA Summer Roundtable Presents Keynote Speaker Tom Searcy

CINCINNATI, OH—Tom Searcy of The Whale Hunters, LLC will be the keynote speaker at this year's International Automotive Remarketers Alliance (IARA) Summer Remarketing Roundtable Series - July 24th - 26th in Cincinnati.

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Operations•by Staff•June 28, 2007

Amendments Added to Texas UCC Legislation

AUSTIN, TX – The State of Texas just enacted amendments to its version of Revised Article 9. Senate Bill 1540 amended the debtor name requirements for individuals and registered organizations found in the Texas version of UCC § 9-503(a).

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Operations•by Staff•June 28, 2007

National Vehicle Leasing Association Holds 2007 Annual Conference

LAS VEGAS, NV – The 2007 National Vehicle Leasing Association (NVLA) Annual Conference held June 6–9, at the Venetian Resort and Casino, included representatives from primary bank and credit union funding sources, independent lessors, captive funders, manufacturers, and many suppliers of industry related goods and services.

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Operations•by Staff•June 28, 2007

CarMax Reports Record First Quarter Results

RICHMOND, VA – CarMax, Inc. has reported record first quarter results for the quarter ended May 31, 2007.

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Operations•by Staff•June 28, 2007

Current Used-Vehicle Market Conditions and Outlook

CARMEL, IN– Wholesale used-vehicle prices showed continued softness in February. Average prices for vehicles sold by all the major seller groups (manufacturers, fleet and leasing companies, and dealers) were down on a year-over-year basis in February.

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Operations•by Staff•June 28, 2007

AutoTrader.com Announces Exclusive Classifieds Relationship With MSN Autos

ATLANTA– AutoTrader.com has formed a strategic relationship with MSN Autos that makes AutoTrader.com the exclusive provider of new, used, and certified pre-owned vehicle listings on MSN Autos.

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