News

Thermo Fisher Realizes Premium in 2011 From Short-Cycling Leased Vehicles

WALTHAM, MA – Due to a strong residual market in 2011, Thermofisher’s Global Sr. Category Leader for Fleet & Indirect Services, Rick Odell, C.P.M., told Automotive Fleet that his group was able to short-cycle 350 leases in 2011, generating a 10- to 20-percent premium over the expected residual values.

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Used Truck Prices More Stable than Cars

GAINESVILLE, GA - The used-car market for the past week three weeks has been on a consistent pattern of adjustments being increases hovering around 41 percent.

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Sonic Automotive Renews Exclusivity Agreement with Manheim

ATLANTA - In response to strong sales performance and improved efficiencies, Sonic Automotive, one of the nation's top three auto retailers, extended its two-year exclusive agreement with Manheim.

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Diversified Vehicle Services Joins IARA

MT. ARLINGTON, NJ - The International Automotive Remarketers Alliance (IARA) annouced that Diversified Vehicle Services (DVS) has become the newest member of the IARA.

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Five Compelling Reasons to Attend the 2012 CAR Conference

TORRANCE, CA -The 2012 Conference of Automotive Remarketing (CAR) is scheduled March 14-15 at Caesars Palace in Las Vegas. Still thinking about attending? Here are five compelling reasons to attend!

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Finley Receives IARA CAR Certification

MT. ARLINGTON, NJ - The International Automotive Remarketers Alliance (IARA) congratulates Phillip Finley, Georgia zone asset manager for JD Byrider Sales, for becoming the 22nd IARA CAR Certified remarketer.

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Kelley Blue Book Names Jared Rowe as New President

IRVINE, CA - IRVINE, CA – Kelley Blue Book (KBB) announced it named AutoTrader.com’s Vice President Jared Rowe has been named the new president of Kelley Blue Book. Rowe's most recent role was as vice president of product management for AutoTrader.com in Atlanta, Ga.

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Used-Car Market Experiences Slight Decline

GAINESVILLE, GA - This past week both the car and truck segments took a turn south in overall average change. This was the first time in the past four weeks with no car segments increasing in the change amount.

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Manheim Unveils Simulcast Everywhere

ATLANTA - Manheim unveiled Simulcast Everywhere on Feb. 4, a digital auction platform that brings the auction to the car, anywhere in the world, with live auctioneer-led sales.

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CarsDirect Enhances Online Listings With Carfax Reports

LAS VEGAS - CarsDirect has enhanced its used-car listings at carsdirect.com and sellmycar.com with Carfax Vehicle History Reports.

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