News

Wholesale Resale Prices Remain Stable in 4th Quarter By Mike Antich

Dealer demand for fleet vehicles in the wholesale market for the fourth quarter has been steady, and the seasonal drop in prices was lower than anticipated due to the leaner inventory of vehicles in the marketplace.

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Hog Winner at Columbus Fair

Gary LaBonte of Mike Albert Leasing shows off the 100th Anniversary Edition Harley Davidson Sportster 1200 Custom, which he won at the Columbus Fair Auto Auction on September 10.

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Newey to Manage National Accounts at Brasher’s Sacramento Auto Auction

Rich Newey has been named national accounts manager at Brasher’s Sacramento Auto Auction. In his new post, he will oversee all the auction’s institutional business and national accounts.

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Idaho Auto Auction’s President Steve Marlow Reaches New Heights with Auction Customers

Idaho Auto Auction President Steve Marlow led a climbing expedition with Bill Harris and Mike McCormick, scaling Mt. Adams in Eastern Washington, a 12,400 foot peak.

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Manheim Strengthens Dealer Sales Team; Corrado, Currey Take on Regional Management Positions

Manheim has announced that Mike Corrado has been named regional director of dealer sales, Northeast, and Jim Currey has joined as regional manager of dealer sales, Midwest.

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Learn Where and How Major Factory Remarketers Are Focusing Only at the Conference of Automotive Remarketing (CAR)

The ninth annual CAR 2004 (the consignors’ show) will feature a broad spectrum of educational opportunities for vehicle remarketers, including speakers, panelists, and an all-star line up of industry keynoters.

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Manheim’s Lauderdale-Miami Auto Auction Raises More Than $38,000 for American Cancer Society

Manheim’s Lauderdale-Miami Auto Auction raised more than $38,000 for the American Cancer Society with its fourth annual Fall Golf Classic on October 15. The event, held at Weston Hills Country Club in Weston Hills, Fla., drew 175 participants.

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Internet Sales for Hertz on the Rise at Brasher’s Sacramento Auto Auction

Brasher’s Sacramento Auto Auction, which has posted more than $575,000 in Internet sales for Hertz since mid-2003, has included Hertz vehicles in six recent sales at the Sacramento facility via OnLine Ringman.

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Six ADESA Auctions Receive Honors From Capital One

Capital One Auto Finance, one of America’s largest loan services companies, honored five ADESA auctions recently for their efforts, and ADESA Charlotte was presented the number one Auction of the Year award.

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Automotive Lease Guide (ALG) Announces Fifth Annual Residual Value Awards and Brand Residual Awards for the Top Segment Leaders

ALG’s annual Residual Value Awards honor those vehicles in each segment predicted to retain the highest percentage of their original price. This year’s awards ceremony, based on 2004-MY vehicles, for the second year has added awards for the brand with the highest predicted resale value of all industry and luxury vehicles.

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