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NewsMay 17, 2011

John Luckett Named SVP of First Extended Service Corp.

First Extended Service Corporation, a unit of The Warranty Group Inc., a global underwriter, administrator and marketer of service plans and related programs, has named John Luckett as senior vice president of sales and marketing.

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NewsMay 17, 2011

CNW: Supply Shortages, Jittery Consumers Point to Rough Summer

Several indicators in the opening days of May point to a dimming outlook for new-vehicle sales, CNW reported in the May edition of its Retail Automotive Summary.

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NewsMay 17, 2011

Gas Prices Fueling Consumer Support for Higher Fuel Economy Standards, Study Says

A national survey of 2,000 representative Americans found that large majorities are concerned about gas prices (85 percent), think it is important to reduce oil consumption (87 percent), and believe it is important to increase fuel economy standards (75 percent).

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NewsMay 13, 2011

Bill to Fix California GAP Problem Signed by Gov. Brown

Legislation aimed at amending a California law that prohibited the inclusion of deductible coverage in the sale of GAP was signed into law by Gov. Jerry Brown last Monday, ending a four-month effort led by several trade organizations and an F&I product provider.

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NewsMay 10, 2011

DealerTrack’s First Quarter Profit Increase Driven by Improving Market Conditions

Strong car sales and an improving credit environment led to a first quarter revenue increase for DealerTrack Holdings Inc., company officials reported today.

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NewsMay 10, 2011

AUL Corp. Partners With OptionSoft Technologies

AUL Corp., a provider of service contracts for used vehicles, has formed an agreement with OptionSoft Technologies, a provider of automotive software solutions. The goal of the partnership is to allow both companies to continue offering their dealer networks the most advanced electronic business solutions.

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NewsMay 10, 2011

Signet Folds, Dealers on Hold

Dealers, consumers and state regulators want to know the whereabouts of Greg Lehmann and his Signet Financial Group. The Vacaville, Calif.-based F&I product provider, which offered a service-contract refund agreement, closed its doors without notice in late March, leaving consumers with a lot of questions and dealers without answers.

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NewsMay 10, 2011

Next Gen Dealer Services Offers 'Everything Facebook' Series

Next Generation Dealer Services is offering dealers a free Webinar series titled, “Everything Facebook.” The Webinar begins Wednesday at 2 p.m. EST and will feature a brief introduction and an overview of the series’ agenda.

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NewsMay 10, 2011

Penske Automotive Names David Jones as EVP and CFO

Penske Automotive Group Inc. announced Monday that David K. Jones, the company’s vice president and CFO of its European operations, has been named executive vice president and chief financial officer, effective immediately.

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NewsMay 10, 2011

Dealers at Center of Latest Ohio State Scandal

At least 50 used-car transactions involving Ohio State University athletes and family members and a former Columbus car salesman will be the focus of a new investigation by the school’s athletic department.

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