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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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.
Read More →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.
Read More →The International Automotive Remarketers Alliance (IARA) has achieved a great deal in 2002. This work has been accomplished by remarketing industry executives from many different companies.
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BSCAmerica marks the one-year anniversary of its LiveLane.com salvage sale by celebrating 800 percent growth in buyer participation and sales volume. Customer enthusiasm for the online sales medium continues to grow.
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Tom O’Neill, incoming president of the National Association of Fleet Resale Dealers, presents some of his views on where the association is headed. He sees the Internet as being a growing part of NAFRD’s operations.
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New paint repair division of Manheim subsidiary Dent Wizard International currently offers on-site services at 18 Manheim auctions, with additional locations expected in the near future.
Read More →A good auction brings buyers and sellers together. But what are the best methods not only for getting the word out about a sale but ensuring that you’re creating the best possible marketplace for the vehicles on hand?
Read More →Auction Broadcasting Company is offering a 100% Buy-Back Program to dealers who purchase vehicles from the consignment lanes at five of its auctions.
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Members of the National Auto Auction Association (NAAA) sold almost 9.5 million vehicles in 2002 to the tune of $80 billion. We are the source of virtually all pricing data that is used for the used-vehicle price guides, as it is the most consistent, regularly updated, and truest pricing in the market.
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