News

ABC West Michigan Introduces FasTraK featuring ABC SELECT

ABC West Michigan has launched FasTraK, a new program that features auction-guaranteed vehicles. FasTraK currently offers GM, Ford, and DaimlerChrysler products in a four-week rotation schedule with each manufacturer’s products having a different week. The auction plans to use the open week to highlight imports.

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SGS Automotive Services Enhance Nationwide Coverage with Creation of Service Lines

SGS Auto Services, the nation’s largest vehicle inspection company, has created two new service lines as part of a strategy to enhance the vehicle condition reports that it provides for leading vehicle manufacturers and financial institutions nationwide.

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Quincy AA Goes Nationwide with AutoIMS

Situated on more than 20 acres just outside of Boston, Quincy Auto Auction considers itself ideally positioned for growth.

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Cheryl Munce Named ADESA Impact President

ALLETE, Inc. (NYSE: ALE) announced today that Cheryl Munce has been named president of ADESA Impact, ALLETE’s total loss vehicle remarketing company based in Indianapolis.

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Conference of Automotive Remarketing (CAR) 2004 Presents All-Star Lineup of Speakers and Panelists

The confirmed speakers for Conference of Automotive Remarketing (CAR 2004) include some of the most influential leaders in automotive remarketing. They will share their collective knowledge, industry insights, and market forecasts for 2004 and beyond at the Mandalay Bay Resort and Casino in Las Vegas on January 21-23, 2004.

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National City Appoints Garry Marquiss to Lead Automotive Finance Division

Greg Jelinek, executive vice president of National City Bank and manager of dealer finance, announced September 2, 2003 the appointment of Garry Marquiss as general manager of National City’s automotive finance division.

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Toyota Financial Services and Lexus Financial Services Launch Simulcast Sales

Toyota Financial Services (TFS) and Lexus Financial Services (LFS) continue to maintain their leadership positions in leveraging technology with the announcement of their latest venture.

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ADESA Names Greg Beck, Jim Sale to Auction General Manager Positions

ADESA Seattle today announced that Greg Beck is its new general manager. Beck was previously employed as GM at ADESA Sacramento.

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Resale Values Down 5% in 2003 Compared to ’02 By Mike Antich

The Automotive Lease Guide (ALG), a respected residual forecasting guidebook, predicts that average resale values in the 2003 calendar year will be five percent lower than those in 2002.

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Autobytel Launches AutoMatch Program

A new off-lease remarketing program, known as AutoMatch, has been developed by autobytel to facilitate the wholesaling and retailing of vehicles by matching dealers and customers to vehicles prior to grounding using an Internet-based system.

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