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Operations•by Staff•September 15, 2004

GM Certified Used Vehicles to List Inventory on Yahoo! Autos

GM Certified Used Vehicles has announced an agreement with Yahoo! allowing consumers to view GM Certified inventory when they search for used vehicles.

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Operations•by Staff•September 15, 2004

U.S. Indicts 11 in Brooklyn Chop Shop Worth Millions

Federal prosecutors have indicted 11 men in a $20 million operation that for 16 years turned wrecked cars into a real estate empire inside a Brooklyn industrial building, according to the New York Times newspaper.

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Operations•by Staff•September 9, 2004

August Index Slips for Third Consecutive Month

The Manheim Used Vehicle Value Index slipped from 106.5 in July to 106.2 in August, marking the third consecutive monthly decline in wholesale used-vehicle prices on a mix, mileage, and seasonally adjusted basis.

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Operations•by Staff•September 9, 2004

CarMax Reports Second Quarter Sales; Expects Second Quarter EPS of Approximately 27 Cents

CarMax, Inc. total sales for the second quarter ending August 31 rose 7 percent to $1.32 billion from $1.24 billion in the same period last year.

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Operations•by Staff•September 9, 2004

Anglin Named Fleet/Lease Manager at Brasher’s Salt Lake

Lee Anglin of Braher’s Salt Lake Auto Auction has been promoted as the auction’s fleet/lease manager.

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Operations•by Staff•September 9, 2004

ADESA Current Used Vehicle Market Conditions and Outlook

Average auction prices in August were up from year-ago levels for the sixth month in a row, but were lower than in July.

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Operations•by Staff•September 9, 2004

Two New Members Elected to the IARA Board of Directors

Michael Lisk, sales executive at SGS Automotive Services, Inc., and Virgil Matczk, regional sales manager at Auction Broadcasting Company, were recently elected to the International Automotive Remarketers Alliance (IARA) Board of Directors.

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Operations•by Staff•September 2, 2004

AutoTradeCenter, Inc. Announces A Reverse Stock Split

AutoTradeCenter, Inc. has announced that its board of directors has approved a 1-for-100 reverse stock split of its common and preferred stock.

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Operations•by Staff•September 2, 2004

Manheim Continues Super Highline Sale Concept

Manheim hosted the automotive industry’s second-ever, nationwide super highline sales event on Wed., Aug. 25, called the “One Hundred Grander.”

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Operations•by Staff•September 2, 2004

N.A.D.A. Teams With Experian Automotive

The N.A.D.A. Official Used Car Guide Company and Experian Automotive have formed a partnership that will provide N.A.D.A.'s customers seamless access to risk-reducing products.

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