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American Auto Exchange Receives Top Inventory Management Award

April 4, 2006

DEERFIELD BEACH, Fla. -- JMsolutions, a division of JM Family Enterprises Inc., announced that its member company, American Auto Exchange (aaXchange), is the recipient of the Diamond Award in the Inventory Management category of the Auto Dealer Monthly 2006 Dealers’ Choice Awards.

"We are honored that aaXchange was selected for this award," said JMsolutions President Scott Barrett. "Our primary focus is to listen to our dealers while providing solutions that meet their business needs. This award represents the fact that we are moving in the right direction in accomplishing that mission."

Through a survey, dealers and their employees select those they consider to be the top providers in the retail auto industry. In all, 50 winners were named in 20 distinctive categories of products and services, with nearly 16,000 votes cast. Ratings were gathered on the performance of the product or service, customer service and overall value compared to cost to the dealership.

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GM Sells 51% of GMAC for $14 Billion

WASHINGTON – General Motors has reached a deal with a private investment group to sell a majority stake in its GMAC financing unit, reported the Washington Post.