Reconditioning: It's Important to Take Away the Negative

Because of a buying dealer’s inability to do repairs, the cost of floorplanning, and the cost of internal repair rates, the dealer will pay more for a reconditioned vehicle because the negatives have already been taken away.

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The Importance of Performing Vehicle Inspections

There is a need to establish uniform, national standards for vehicle inspections. However, the different and specific needs of major consignors make it difficult for one format to be accepted as an industry standard.

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The Details in a Detail Make the Difference

A well-detailed vehicle brings more money on the auction block and provides more value to the buyer by reducing sale turnaround time and improving the overall presentation of a vehicle on a dealer’s lot. For auctions, it means repeat business from buyers and sellers.

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The 2003 Wholesale Market Projected to be Same as 2002

Resale values for two- and three-year old vehicles sold in the wholesale market in the fourth quarter 2002 were lower than the same period in 2001 when used-vehicle values hit rock bottom following the attacks of Sept. 11.

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Used Risk Car Crisis a Challenge for Rental Industry in 2003

Poor dealer demand and low bid prices are backing up the volume of car rental units in auction lanes. Average risk car sale prices were down almost 15 percent in December, and could remain low for months.

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GM Remarketing Services Implements New Inventory Management System

GM Remarketing Services’ customized Web-enabled inventory management system provides its remarketing clients with on-demand inventory visibility to facilitate de-fleeting and the tracking of vehicles through the resale process.

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2003 Model Vehicles That Will Best Retain Value

Supply and demand plays a significant role in year-over-year value retention, says Kelley Blue Book.

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AutoTrader.com To Launch Auction-Style Listings

AutoTrader.com, an automotive classifieds marketplace and consumer information Web site, plans to launch an Auction-Style Listings product in early 2003, leveraging its database of 2.2 million vehicles.

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Manheim Auctions Merge to Better Service Central Tennessee

Manheim's Tennessee Auto Auction (TAA) and Nashville Dealer's Auto Auction (NDAA) officially merged on Dec. 17, 2002, to provide central Tennessee customers the combined services of both auctions as well as access to the Nashville Auto Auction (NAA) facility.

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Certified Used Vehicles Comprise Over One Third of Late-Model Used Vehicles Sold

Sales of certified used vehicles have increased 46 percent since 2000, according to the J.D. Power and Associates 2002 Used-Vehicle Sales and Certification Study.

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