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NewsFebruary 23, 2012

Safe-Guard Adds to Leadership Team

Safe-Guard Products International announced that Alan Moak joined the company as vice president of claims, and that Tony Catania was named director of sales, OEM and national accounts.

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NewsFebruary 21, 2012

Average New-Vehicle Age Reaches Nearly Six Years, Polk Reports

An analysis by Polk revealed that the average length of ownership of vehicles that were purchased new has risen to a record 71.4 months, or nearly six years.

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NewsFebruary 21, 2012

U.S. Consumers Paying Down Debt, Remain Cautious, Equifax Reports

Equifax reported that nearly 60 of the top 100 metropolitan statistical areas hardest hit by credit card debt realized double-digit declines in the percentage of income owed to credit card companies — nearly 24 percent in some areas.

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NewsFebruary 21, 2012

Consumer Auto Demand Provides Loan Growth for Banks, Fitch Says

Fitch Ratings announced U.S. banks have a chance to foster loan growth via their auto portfolios, as consumer demand and sales of both new and used vehicles increases.

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NewsFebruary 16, 2012

CNA Distributed $27 Million for Dealer Participation in 2011

CNA National Warranty Corporation announced that $27 million was returned to automobile dealers across the United State in 2011 through its various participation plans.

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NewsFebruary 15, 2012

Vehicle Dependability at Historic Highs, Reports J.D. Power

A study by J.D. Power and Associates revealed that strong initial quality of 2009 model-year vehicles translated into historically high levels of vehicle dependability in 2012.

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NewsFebruary 15, 2012

RouteOne Introduces Compliance Dashboard

RouteOne LLC introduced the Compliance Dashboard, a free tool that provides dealers with a visual assessment of the dealership's compliance status for all applicable deals.

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NewsFebruary 14, 2012

Asbury Records $5.2 Million Revenue Increase in 4Q 2011

Asbury Automotive Group Inc. reported adjusted income from continuing operations for the fourth quarter 2011 of $17 million, up from $12.2 million during fourth quarter 2010.

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NewsFebruary 14, 2012

Dealer Count Inched Up in 2011, Urban Science Reports

A report by Urban Science revealed that as of Dec. 31, 2011, there were 17,767 dealerships in the United States, a 0.6 percent increase year over year.

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NewsFebruary 14, 2012

Auto Affordability Improved in 4Q 2011, Comerica Bank Reports

A report by Comerica Bank indicated that the purchase and financing of an average-priced new vehicle took 23.1 weeks of median family income in the fourth quarter of 2011, the best affordability reading since the third quarter of 2009.

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