James (''Jim'') O'Brien Named President of lanelogic; lanelogic, the Industry's First Used-Vehicle Market Maker, Fundamentally Changes Wholesaling.DALLAS -- lanelogic, the Wall Street inspired trading network that conducts used-vehicle trades among automotive dealers nationwide, announced today Jim O'Brien will be its President. "I am very pleased to have Jim serve as lanelogic's president. Jim brings unique expertise and broad technical insight to lanelogic. He has an appreciation for the complex and competitive forces in today's automotive retail world," said Bruce Thompson, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. and a founder of lanelogic. During a career spent entirely within the automotive industry, O'Brien has promoted inventory management technology to improve dealer operating efficiency and to help dealers sell more vehicles at higher gross margins. O'Brien maintains a passion for providing technology solutions to dealers. Prior to joining lanelogic, O'Brien served as the founder and Executive Director for the Internet Remarketing Business Roundtable Business Roundtable (BRT), an association consisting of the chief executive officers of major U.S. corporations that was founded in 1972 through the merger of the three preexisting business organizations. (IRBR IRBR Instituto Rio Branco (Portugese) .org). IRBR is an organization which develops standards and best practices for online vehicle remarketing. O'Brien served as the Director of Used Vehicles for both Sonic Automotive and AutoNation. He honed his retail technology skills at Cobalt Group and at iMotors.com. O'Brien was a management consultant at both J.D. Power and Associates and A.T. Kearney. His automotive career began at Toyota Motor Manufacturing. He holds an MBA MBA abbr. Master of Business Administration Noun 1. MBA - a master's degree in business Master in Business, Master in Business Administration from Wake Forest University's Babcock Graduate School of Management [5] In all programs, most courses rely on the case method, which calls for discussion of critical situations that executives and managers have faced in various industries. Cases present the information originally available to the decision-makers. and a BA degree from Wittenberg University. "The industry has made great strides adopting technology, but many dealers still fall short in their use of technology. Our trading services help a dealer sell more cars with less days supply and dramatically lower wholesale loss risk. If you're not buying and selling vehicles via lanelogic, then you're simply not selling as many used cars -- or making as much gross -- as you could be. lanelogic fundamentally changes wholesaling nationwide," said O'Brien. About lanelogic lanelogic is the used-vehicle market-maker that uses real-time sales data to conduct electronic trading among automotive dealers nationwide. lanelogic acts as a buying agent, discerning which used vehicles specific dealerships are most likely to sell quickly for the optimal sales price, and which vehicles those dealerships should trade or send to lanelogic's Fresh Trade Auction. lanelogic's 45-day buyback guarantee on all lanelogic-provided vehicles means that lanelogic eliminates the high risks of aged used-vehicle inventory -- the single-greatest risk faced by automobile dealerships that buy, sell, or trade used vehicles. Additionally, lanelogic reduces dealers' inventory risks by providing the nation's first Fresh Trade Auction site as an efficient alternative for those vehicles that cannot be matched to a franchise store. Launched in November of 2005 in Dallas, Texas, partnered with Internet pioneer VB2, owned by $2.2 Billion Market Cap Copart, Inc.(NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :CPRT CPRT Copart Inc. (stock symbol) CPRT Citizens for Personal Rapid Transit CPRT Client Perceived Response Time CPRT Coprocessor Register Transfer CPRT Cancer Prevention Research Trust CPRT Classic Professional Racquetball Tour ), lanelogic's credibility is bolstered by its leadership in the form of CEO Bruce Thompson, former CEO and founder of American Auto Exchange. Strategic alliances with VB2, American Auto Exchange, American Broadcasting Company Auctions (ABC ABC in full American Broadcasting Co. Major U.S. television network. It began when the expanding national radio network NBC split into the separate Red and Blue networks in 1928. Auctions), SGS SGS Société Générale de Surveillance SGS Symantec Gateway Security (appliance) SGS School of Graduate Studies SGS Subgrid Scale SGS Singapore Government Securities SGS Shell Global Solutions , and Great American Insurance Group mean that lanelogic is uniquely positioned to gather the needed inventory intelligence, to deliver the industry's first, live guaranteed bid network. For more information, please visit: www.lanelogic.com |
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