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NewsDecember 7, 2016

Bonita Springs Mitsubishi Owners Acquire Second Mitsubishi Store in Florida

The owners of Florida's Bonita Springs Mitsubishi have acquired Fort Myers Mitsubishi, the company announced today. With this purchase, owners Jeff Johnson and Bill Doraty hope to replicate the success of their Bonita Springs store, which cracked the Top 25 sales list for Mitsubishi dealerships nationwide.

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NewsDecember 6, 2016

Black Book: Trucks Depreciating More Than Cars

The pendulum finally swung last week, with trucks showing higher depreciation than cars for the first time this year, according to Black Book.

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NewsDecember 6, 2016

Car and Driver Reveals Winners of '10Best Trucks and SUVs' Awards

Automotive enthusiast magazine Car and Driver today unveiled its first ever “10Best Trucks and SUVs” list, recognizing 2017’s best trucks, SUVs, and crossover vehicles with base prices under $80,000.

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NewsDecember 5, 2016

International Nameplates Outsell Domestics in November, According to AutoData

International nameplate franchises accounted for 55.7% of all new vehicles sold in the United States in November, besting domestic nameplates and their 44.3% share of the market. Asian makes recorded a share of 45.7%.

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NewsDecember 5, 2016

DealerSocket Announces Integration With FetchAQuote.com

Through this integration, customers at independent dealers will be able to look through different car insurance options, secure a quote they like and purchase the coverage on the spot, the company stated.

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NewsDecember 5, 2016

Rapid Recon Salutes 100 Years of NADA and Vehicle Reconditioning

By the time the NADA was founded in 1917, the sufficiency of units in operation meant a growing opportunity for used-vehicle sales. According to 1917 motor vehicle registrations, as compiled by the U.S. Bureau of Public Roads, nearly five million cars and trucks were registered. And by late 1916, creative rebuilders were putting old cars, now “reconditioned,” back on the road.

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NewsDecember 5, 2016

Experian: Financing Extended to Subprime Car Buyers Declines to Record Lows in Q3

Auto financing extended to subprime and deep-subprime car buyers fell 4.5% from a year ago, as the auto finance industry continued to squash fears of a forming subprime bubble. Newly originated loans made to prime car buyers jumped 2% to encompass nearly 60% of auto loans originated during the period.

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NewsDecember 5, 2016

Auto/Mate Appoints New Head of Marketing

In this role, Patrick Reilly will oversee the development of a corporate marketing strategy that will increase awareness of Auto/Mate’s DMS offering, fulfill the company’s growth objectives and drive revenue.

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NewsDecember 1, 2016

Kerrigan Advisors: Auto Retail Index Up Nearly 12%

Kerrigan Advisors today announced that The Kerrigan Auto Retail Index was up 11.66% in November, significantly outperforming the broader S&P 500 Index by 240.9%. The firm attributed the rise in its index to the election of Donald Trump to the presidency.

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NewsDecember 1, 2016

KBB: New-Car Transaction Prices Rise Nearly 2% in November

The estimated average transaction price for light vehicles in November was $34,948, a 1.7% increase from a year ago, according to Kelley Blue Book. An analyst with the firm attributed the increase to a shift in consumer preference from cars to more expensive trucks and SUVs.

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