plus 3, DealerTrack's Doug Hadden to Conduct Used Vehicle Inventory Management ... - dBusinessNews.com

DealerTrack's Doug Hadden to Conduct Used Vehicle Inventory Management ... - dBusinessNews.com
Penske Automotive Group (PAG) Prices 5M Secondary Common Offering at ... - StreetInsider.com
Suspect arrested in Hayward double slaying - San Francisco Chronicle
Automobiles : BOATS & WATERCRAFTS - Frederick News-Post

DealerTrack's Doug Hadden to Conduct Used Vehicle Inventory Management ... - dBusinessNews.com

Posted: 04 Feb 2010 09:17 AM PST

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LAKE SUCCESS, N.Y.--(BUSINESS WIRE)-- DealerTrack, Inc., a subsidiary of DealerTrack Holdings, Inc. (Nasdaq: TRAK), a leading provider of on-demand software and data solutions for the U.S. automotive retail industry, today announced that Doug Hadden, Senior Manager, Inventory Solutions, DealerTrack AAX, will conduct a workshop on used vehicle inventory management at the National Automobile Dealers Association's 93rd Annual Convention and Expo in Orlando, FL.

The workshop, titled Inventory Management: Today's Technology, Today's Profits, is designed to update dealers on the tools and technologies available today that can help them maximize vehicle turns while retaining profit at a time when floor plan availability is down, consumer demand is changing, and vehicle values are in constant flux. Dealers who attend this session will leave with a better understanding of inventory management products and how to get the most out of them to ensure their success in a turbulent market.

The workshop will be held at the following times:

Doug Hadden is a recognized industry speaker who has provided insightful presentations on best practices in Inventory Management at both the 2009 Digital Dealer and National Auto Auction Association conferences, and also has participated in the AutoRemarketing ARTS Webinar Series. At DealerTrack, Doug works directly with dealerships and large dealer groups to help them sell more vehicles, faster, with higher gross profit.

DealerTrack AAX helps dealers accelerate turns and increase profits in every step of inventory management - including the stocking, sourcing, pricing, appraising, and merchandising of vehicles. The solution is driven by the industry's most comprehensive data set, including over 30 million actual vehicle transactions. With the easy-to-use DealerTrack AAX platform, along with our support services, dealers can make smarter decisions from the point of acquiring vehicles through their final sale.

About DealerTrack (www.dealertrack.com)

DealerTrack's intuitive and high-value software solutions enhance efficiency and profitability for all major segments of the automotive retail industry, including dealers, lenders, OEMs, agents and aftermarket providers. Our solution set for dealers is the industry's most comprehensive. DealerTrack operates the industry's largest online credit application network, connecting more than 17,000 dealers with over 800 financing sources. Our Dealer Management System (DMS) provides dealers with easy-to-use tools with real-time data access that will streamline any automotive business. With DealerTrack AAX, dealers get better data along with the tools to make smarter, more profitable inventory decisions. Our Sales and F&I solution enables dealers to streamline the entire sales process, quickly structuring all types of deals from a single integrated platform. DealerTrack's Compliance solution helps dealers meet legal and regulatory requirements and protect their hard-earned assets. DealerTrack's family of companies also includes data and consulting services providers, ALG (Automotive Lease Guide) and Chrome Systems.

TRAK-G

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Penske Automotive Group (PAG) Prices 5M Secondary Common Offering at ... - StreetInsider.com

Posted: 04 Feb 2010 05:43 AM PST

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February 4, 2010 8:48 AM EST

Penske Automotive Group, Inc. (NYSE: PAG) today announced the pricing of a secondary offering of 5.0 million shares of PAG common stock at $14.50 per share. The selling stockholder is Penske Corporation (see information below). Penske Corporation also has granted the underwriters for the public offering a 30-day option to purchase 0.75 million additional shares to cover over-allotments, if any. The offering is expected to close on February 9, 2010.

Penske Automotive Group will not issue any new shares in the offering and will not receive any proceeds from the offering. Further, the offering will not be dilutive to PAG stockholders.

Roger Penske is not selling any of the PAG stock that he owns personally and, upon completion of the proposed offering, is expected to continue to own, directly and through Penske Corporation, 31.7 million (35%) of PAG's outstanding common stock. Pursuant to a voting agreement between Penske Corporation and its second largest stockholder, Mitsui, Penske Corporation and Mr. Penske are expected to have majority voting control (52%) of PAG's outstanding common stock upon completion of the offering. These share amounts assume the underwriters will exercise the over-allotment option in full.

BofA Merrill Lynch and J.P. Morgan are acting as joint book-running managers for this offering.

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Suspect arrested in Hayward double slaying - San Francisco Chronicle

Posted: 05 Feb 2010 12:05 AM PST

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Karl George Sanft, 34, allegedly stabbed security guard Angelito Erasquin, 63, just outside the sprawling Manheim San Francisco Bay auto-auction business early Tuesday, then stabbed truck driver Jim Wightman, 56, because he was a witness, said Hayward police Capt. Darryl McAllister.

Police suspect that Sanft's original motive was car theft. They say he drove to the business just east of Interstate 880 in a Mitsubishi Mirage and used the car to ram through the locked front gate. After the slayings, he allegedly stole a Chevrolet Trailblazer from the lot and drove off.

Sunnyvale police found him Tuesday afternoon in the stolen SUV on San Saba Court near Highway 101, where residents thought there was something suspicious about the vehicle and called officers, said Sunnyvale police Capt. Doug Moretto. Officers booked Sanft on suspicion of possessing a stolen car.

Other evidence linked him to the Hayward killings, and Sanft was booked Thursday morning on suspicion of murder, McAllister said. He would not elaborate on what the evidence was.

Police say Sanft acted alone in what McAllister described as a "brutal crime" that prompted a "gut-wrenching, exhaustive investigation."

Investigators believe that Sanft, 6-foot-3 and 314 pounds, overpowered the smaller Erasquin and Wightman and stabbed them numerous times. A large knife believed to be the weapon was recovered, but police declined to provide details.

Sanft is a father of three who worked as a carpenter until being laid off in recent years, Alameda County court records show.

He has convictions dating back to 1997 for attempted robbery, reckless driving, disturbing the peace and domestic violence, the records show. He was arrested last year for allegedly possessing drug paraphernalia, but the case was dismissed.

Also last year, Sanft pleaded no contest to violating a stay-away order for following his estranged wife as she drove from Newark to San Leandro, records show. Officers who stopped him found binoculars, a video camera and a telescope in his car, the records said.

In the attempted-robbery case, Sanft was convicted of trying to rob a man at a Motel 6 in Fremont. His attorney in that case, Todd Bequette, said Thursday, "Without an understanding of the facts of the case, I can only say that this conduct seems completely out of character for Mr. Sanft."

Erasquin, who lived in Hayward and was three months' shy of retirement, was found on Addison Way just outside the front gate of the auto-auction business about 5:30 a.m. Tuesday. Police believe he was killed as he encountered Sanft.

When officers searched the 73-acre lot, they found Wightman's body in his big rig. The truck was still idling.

Wightman, who lived in Central Point, Ore., "probably witnessed some or all of what was going on with the commotion there and was eventually targeted by Mr. Sanft as a potential witness," McAllister said.

Family members of the victims voiced relief that an arrest had been made.

"I'm definitely happier that he's not running around and would do this to somebody again," said Clinton Perry, Wightman's son-in-law.

Sanft is being held without bail at Santa Rita Jail in Dublin on suspicion of murder, receiving stolen property and auto theft. He is expected to be arraigned today at the Hayward Hall of Justice and could face the death penalty if prosecutors charge him with murder and the special circumstance alleging he committed more than one murder.

E-mail Henry K. Lee at hlee@sfchronicle.com.

This article appeared on page C - 2 of the San Francisco Chronicle

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Automobiles : BOATS & WATERCRAFTS - Frederick News-Post

Posted: 05 Feb 2010 01:02 AM PST

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