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UNITED\ue000 STATES
SECURITIES\ue000 AND\ue000 EXCHANGE\ue000 COMMISSION
Washington,\ue000 D.C.\ue000 20549
FORM\ue000 10-Q
QUARTERLY\ue000 REPORT\ue000 PURSUANT\ue000 TO\ue000 SECTION\ue000 13\ue000 OR\ue000 15(d)\ue000 OF
THE\ue000 SECURITIES\ue000 EXCHANGE\ue000 ACTOF\ue000 1934
For\ue000 the\ue000 fiscal\ue000 quarter\ue000 ended:\ue000
Commission\ue000 file\ue000 number:
December\ue000 31,\ue000 2008\ue000
000-50709
NOWAUTO\ue000 GROUP,\ue000 INC.
(Exact\ue000 name\ue000 of\ue000 registrant\ue000 as\ue000 specified\ue000 in\ue000 its\ue000 charter)
Nevada
77-0594821
(State\ue000 or\ue000 other\ue000 jurisdiction
(I.R.S.\ue000 Employer
of\ue000 incorporation)
Identification\ue000 No.)
2090\ue000 East\ue000 University,\ue000 Suite\ue000 112,\ue000 Tempe,\ue000 Arizona\ue000 85281
(address\ue000 of\ue000 principal\ue000 executive\ue000 offices,\ue000 including\ue000 zip\ue000 code)
(480)\ue000 990-0007
(Registrant's\ue000 telephone\ue000 number,\ue000 including\ue000 area\ue000 code)

Indicate\ue000 by\ue000 check\ue000 mark\ue000 whether\ue000 the\ue000 Registrant\ue000 (1)\ue000 has\ue000 filed\ue000 all\ue000 reports\ue000 to\ue000 be\ue000 filed\ue000 by\ue000 Section\ue000 13\ue000 or\ue000 15(d)\ue000 of\ue000 the\ue000 Securities\ue000 Exchange\ue000 Act\ue000 of\ue000 1934 during\ue000 the\ue000 preceding\ue000 12\ue000 months\ue000 (or\ue000 for\ue000 such\ue000 shorter\ue000 period\ue000 that\ue000 the\ue000 Registrant\ue000 was\ue000 required\ue000 to\ue000 file\ue000 such\ue000 reports,)\ue000 and\ue000 (2)\ue000 has\ue000 been\ue000 subject\ue000 to such\ue000 filing\ue000 requirements\ue000 for\ue000 the\ue000 past\ue000 90\ue000 days.\ue000 Yes\ue000x \ue000 NO\ue000o

Indicate\ue000 by\ue000 check\ue000 mark\ue000 whether\ue000 the\ue000 registrant\ue000 is\ue000 an\ue000 accelerated\ue000 filer\ue000 (as\ue000 defined\ue000 in\ue000 Rule\ue000 12b-2\ue000 of\ue000 the\ue000 Exchange\ue000 Act).\ue000 \ue000 \ue000 Yes\ue000o \ue000 \ue000 No\ue000x
Indicate\ue000 the\ue000 number\ue000 of\ue000 shares\ue000 outstanding\ue000 of\ue000 each\ue000 of\ue000 the\ue000 issuer's\ue000 classes\ue000 of\ue000 common\ue000 stock,\ue000 as\ue000 of\ue000 the\ue000 latest\ue000 practicable\ue000 date.
Title\ue000 of\ue000 Each\ue000 Class
\ue000
Outstanding\ue000 at\ue000 December\ue000 31,\ue000 2008
Common\ue000 Stock,\ue000 par\ue000 value\ue000 $0.001\ue000 per\ue000 share
\ue000
9,843,046
\ue000
Processed and formatted by SEC Watch - Visit SECWatch.com
\ue000
NowAuto\ue000 Group,\ue000 Inc
Consolidated\ue000 Balance\ue000 Sheets
\ue000
\ue000 December\ue000 31, \ue000 \ue000
June\ue00030, \ue000
\ue000
\ue000
2008
\ue000 \ue000
2008
\ue000
\ue000
\ue000 (Unaudited) \ue000 \ue000
(Audited)\ue000
\ue000
\ue000 \ue000
\ue000 \ue000 \ue000
\ue000
Assets
\ue000 \ue000
\ue000 \ue000 \ue000
\ue000
Current\ue000 Assets
\ue000 \ue000
\ue000 \ue000 \ue000
\ue000
Cash
\ue000 $
47,353\ue000 \ue000 $
32,508\ue000
Accounts\ue000 Receivable\ue000 -\ue000 Net
\ue000 \ue000
3,199,040\ue000 \ue000 \ue000
2,742,067\ue000
Inventory
\ue000 \ue000
384,832\ue000 \ue000 \ue000
665,338\ue000
Prepaid\ue000 Expenses
\ue000 \ue000
21,164\ue000 \ue000 \ue000
44,071\ue000
\ue000
\ue000 \ue000
\ue000\ue000 \ue000 \ue000
\ue000\ue000
Total\ue000 Current\ue000 Assets
\ue000 \ue000
3,652,389\ue000 \ue000 \ue000
3,483,984\ue000
\ue000
\ue000 \ue000
\ue000\ue000 \ue000 \ue000
\ue000\ue000
Long\ue000 Term\ue000 Notes\ue000 Receivable
\ue000 \ue000
3,973,257\ue000 \ue000 \ue000
3,375,008\ue000
Equipment\ue000 \u2013\ue000 Net
\ue000 \ue000
68,382\ue000 \ue000 \ue000
84,293\ue000
Goodwill
\ue000 \ue000
716,179\ue000 \ue000 \ue000
716,179\ue000
\ue000
\ue000 \ue000
\ue000\ue000 \ue000 \ue000
\ue000\ue000
Total\ue000 Assets
\ue000 $
8,410,206\ue000 \ue000 $
7,659,464\ue000
\ue000
\ue000 \ue000
\ue000\ue000 \ue000 \ue000
\ue000\ue000
Liabilities\ue000 and\ue000 Stockholders'\ue000 Equity\ue000 (Deficit)
\ue000 \ue000
\ue000\ue000 \ue000 \ue000
\ue000\ue000
Current\ue000 Liabilities
\ue000 \ue000
\ue000\ue000 \ue000 \ue000
\ue000\ue000
Accounts\ue000 Payable
\ue000 $
330,137\ue000 \ue000 $
431,307\ue000
Taxes\ue000 Payable
\ue000 \ue000
413,195\ue000 \ue000 \ue000
8,877\ue000
Line\ue000 of\ue000 Credit
\ue000 \ue000
2,291,132\ue000 \ue000 \ue000
2,102,490\ue000
Accrued\ue000 Payroll
\ue000 \ue000
69,112\ue000 \ue000 \ue000
50,604\ue000
Deferred\ue000 Revenue
\ue000 \ue000
1,286,074\ue000 \ue000 \ue000
1,085,449\ue000
Other\ue000 Loans
\ue000 \ue000
66,579\ue000 \ue000 \ue000
129,440\ue000
\ue000
\ue000 \ue000
\ue000\ue000 \ue000 \ue000
\ue000\ue000
Total\ue000 Current\ue000 Liabilities
\ue000 \ue000
4,456,228\ue000 \ue000 \ue000
3,808,168\ue000
\ue000
\ue000 \ue000
\ue000\ue000 \ue000 \ue000
\ue000\ue000
Long\ue000 Term\ue000 Notes\ue000 Payable
\ue000 \ue000
6,520,915\ue000 \ue000 \ue000
5,355,922\ue000
Commitment
\ue000 \ue000
0\ue000 \ue000 \ue000
0\ue000
Total\ue000 Liabilities
\ue000 \ue000
10,977,143\ue000 \ue000 \ue000
9,164,090\ue000
\ue000
\ue000 \ue000
\ue000\ue000 \ue000 \ue000
\ue000\ue000
Stockholders'\ue000 Equity
\ue000 \ue000
\ue000\ue000 \ue000 \ue000
\ue000\ue000
Common\ue000 Stock,\ue000 authorized\ue000 1,000,000,000\ue000 shares\ue000 $0.001\ue000 par\ue000 value;\ue000 Issued\ue000 and\ue000 Outstanding
\ue000 \ue000
\ue000\ue000 \ue000 \ue000
\ue000\ue000
December\ue000 31,\ue000 2008\ue000 -\ue000 9,843,046\ue000 shares;
less\ue000 400,000\ue000 Treasury\ue000 stock
\ue000 \ue000
\ue000\ue000 \ue000 \ue000
\ue000\ue000
June\ue000 30,\ue000 2008\ue000 -\ue000 9,843,046\ue000 shares;
less\ue000 400,000\ue000 Treasury\ue000 stock\ue000
\ue000 \ue000
\ue0009,842 \ue000 \ue000 \ue000
\ue0009,842\ue000
Treasury\ue000 Stock
\ue000 \ue000
(17,500) \ue000 \ue000
(6,500)
Paid\ue000 in\ue000 Capital
\ue000 \ue000
4,565,631\ue000 \ue000 \ue000
4,565,631\ue000
Retained\ue000 Earnings/(Deficit)
\ue000 \ue000
(7,124,910) \ue000 \ue000
(6,073,599)
\ue000
\ue000 \ue000
\ue000\ue000 \ue000 \ue000
\ue000\ue000
Total\ue000 Stockholder's\ue000 Equity\ue000 (Deficit)
\ue000 \ue000
(2,566,937) \ue000 \ue000
(1,504,626)
\ue000
\ue000 \ue000
\ue000\ue000 \ue000 \ue000
\ue000\ue000
Total\ue000 Liabilities\ue000 and\ue000 Stockholder's\ue000 Equity\ue000 (Deficit)
\ue000 $
8,410,206\ue000 \ue000 $
7,659,464\ue000
\ue000
The\ue000 accompanying\ue000 notes\ue000 are\ue000 an\ue000 integral\ue000 part\ue000 of\ue000 these\ue000 financial\ue000 statements.
\ue000
Processed and formatted by SEC Watch - Visit SECWatch.com
NowAuto\ue000 Group,\ue000 Inc
Consolidated\ue000 Statements\ue000 of\ue000 Operations
\ue000
\ue000 3\ue000Months \ue000 \ue000 3\ue000Months \ue000 \ue000
6\ue000months \ue000 \ue000
6\ue000months \ue000
\ue000
\ue000
Ended
\ue000 \ue000
Ended
\ue000 \ue000
Ended
\ue000 \ue000
Ended
\ue000
\ue000
\ue000
Dec\ue00031, \ue000 \ue000
Dec\ue00031, \ue000 \ue000
Dec\ue00031, \ue000 \ue000
Dec\ue00031, \ue000
\ue000
\ue000
2008
\ue000 \ue000
2007
\ue000 \ue000
2008
\ue000 \ue000
2007
\ue000
\ue000
\ue000 Unaudited \ue000 \ue000 Unaudited \ue000 \ue000 Unaudited \ue000 \ue000 Unaudited \ue000
Income
\ue000 \ue000
\ue000 \ue000\ue000
\ue000 \ue000\ue000
\ue000 \ue000\ue000
\ue000
Vehicle\ue000 &\ue000 Finance\ue000 Income
\ue000$
1,448,379\ue000 \ue000$
1,063,650\ue000 \ue000$
2,554,605\ue000 \ue000$
2,150,189\ue000
\ue000
\ue000 \ue000
\ue000\ue000 \ue000 \ue000
\ue000\ue000 \ue000 \ue000
\ue000\ue000 \ue000 \ue000
\ue000\ue000
Cost\ue000 of\ue000 Goods\ue000 Sold
\ue000\ue000
847,005\ue000 \ue000\ue000
487,529\ue000 \ue000\ue000
1,571,258\ue000 \ue000\ue000
1,071,029\ue000
\ue000
\ue000 \ue000
\ue000\ue000 \ue000 \ue000
\ue000\ue000 \ue000 \ue000
\ue000\ue000 \ue000 \ue000
\ue000\ue000
Gross\ue000 Profit/Loss
\ue000\ue000
601,374\ue000 \ue000\ue000
576,121\ue000 \ue000\ue000
983,347\ue000 \ue000\ue000
1,079,160\ue000
\ue000
\ue000 \ue000
\ue000\ue000 \ue000 \ue000
\ue000\ue000 \ue000 \ue000
\ue000\ue000 \ue000 \ue000
\ue000\ue000
Gross\ue000 Margin
\ue000\ue000
41.5% \ue000 \ue000
54.2% \ue000 \ue000
38.5% \ue000 \ue000
50.2%
\ue000
\ue000 \ue000
\ue000\ue000 \ue000 \ue000
\ue000\ue000 \ue000 \ue000
\ue000\ue000 \ue000 \ue000
\ue000\ue000
Expenses
\ue000 \ue000
\ue000\ue000 \ue000 \ue000
\ue000\ue000 \ue000 \ue000
\ue000\ue000 \ue000 \ue000
\ue000\ue000
Selling\ue000 and\ue000 Financing\ue000 Costs
\ue000\ue000
525,790\ue000 \ue000\ue000
412,734\ue000 \ue000\ue000
997,682\ue000 \ue000\ue000
948,945\ue000
General\ue000 and\ue000 Administrative
\ue000\ue000
314,717\ue000 \ue000\ue000
245,747\ue000 \ue000\ue000
592,946\ue000 \ue000\ue000
487,942\ue000
\ue000
\ue000 \ue000
\ue000\ue000 \ue000 \ue000
\ue000\ue000 \ue000 \ue000
\ue000\ue000 \ue000 \ue000
\ue000\ue000
Loss\ue000 before\ue000 Interest\ue000 and\ue000 Tax
\ue000\ue000
(239,135) \ue000\ue000
(82,361) \ue000\ue000
(607,282) \ue000\ue000
(357,728)
\ue000
\ue000 \ue000
\ue000\ue000 \ue000 \ue000
\ue000\ue000 \ue000 \ue000
\ue000\ue000 \ue000 \ue000
\ue000\ue000
Interest
\ue000\ue000
(221,352) \ue000\ue000
(229,068) \ue000\ue000
(444,029) \ue000\ue000
(445,139)
Provision\ue000 for\ue000 Income\ue000 Tax
\ue000\ue000
0\ue000 \ue000\ue000
0\ue000 \ue000\ue000
0\ue000 \ue000\ue000
0\ue000
\ue000
\ue000 \ue000
\ue000\ue000 \ue000 \ue000
\ue000\ue000 \ue000 \ue000
\ue000\ue000 \ue000 \ue000
\ue000\ue000
Net\ue000 Loss
\ue000$
(460,487) \ue000$
(311,429) \ue000$ (1,051,311) \ue000$
(802,867)
\ue000
\ue000 \ue000
\ue000\ue000 \ue000 \ue000
\ue000\ue000 \ue000 \ue000
\ue000\ue000 \ue000 \ue000
\ue000\ue000
Earnings\ue000 Per\ue000 Share
\ue000\ue000
(0.05) \ue000\ue000
(0.03) \ue000\ue000
(0.11) \ue000\ue000
(0.08)
Weighted\ue000 Average\ue000 Number\ue000 of
Common\ue000 Shares\ue000 O/S
\ue000 $
9,843,046\ue000 \ue000 $
9,843,046\ue000 \ue000 $
9,843,046\ue000 \ue000 $
9,843,046\ue000
The\ue000 accompanying\ue000 notes\ue000 are\ue000 an\ue000 integral\ue000 part\ue000 of\ue000 these\ue000 financial\ue000 statements.
Processed and formatted by SEC Watch - Visit SECWatch.com
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