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News•September 30, 2004

CarMax Reports Second Quarter Results

CarMax, Inc. has reported results for the fiscal 2005 second quarter and six-month period ended August 31, 2004.

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News•September 30, 2004

ADESA Completes Spin-Off from ALLETE

ADESA, Inc. announced on September 20 that its majority stockholder, ALLETE, Inc., has completed the distribution of a stock dividend to all ALLETE stockholders.

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News•September 23, 2004

Ford Dealers and Manheim Partner for Public Sale

Several central Florida automotive dealers will utilize Manheim’s Central Florida Auto Auction (CFAA) in Orlando September 23-26, and offer the public the opportunity to buy new vehicles where dealers buy used vehicles – without the auction bidding process.

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News•September 23, 2004

Tsubasa System, CARFAX Establish Vehicle History Information Service Company in Japan

Tsubasa System, a corporate business system package developer and seller, and CARFAX of Virginia announced September 16 that they had established CARFAX Japan in July, according to Japan Corporate News Network.

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News•September 23, 2004

Dealers Auto Auction of OKC Joins Ranks with ServNet

Dealers Auto Auction of Oklahoma City has joined ServNet as its 23rd member auction.

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News•September 23, 2004

Black Book and Veretech Launch Black Book Online

Black Book and Veretech have joined together to offer a new service that will give car dealers the ability to identify and contact more customers who come to dealers' Web sites.

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News•September 23, 2004

ADESA Appoints Lawrence Executive Vice President, General Counsel and Secretary

ADESA, Inc. has named George Lawrence to the position of executive vice president, general counsel and secretary.

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News•September 15, 2004

Chrysler Group Reports August Certified Pre-Owned Vehicle (CPOV) Sales Increase 20 Percent

Chrysler Group has posted sales of 7,615 certified pre-owned vehicles for August, This representing a 20-percent improvement over August 2003 sales of 6,365 units.

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News•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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News•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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