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NewsFebruary 16, 2012

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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NewsFebruary 16, 2012

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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NewsFebruary 16, 2012

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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NewsFebruary 16, 2012

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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NewsFebruary 14, 2012

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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NewsFebruary 10, 2012

President Johnson's 1964 Lincoln Continental Convertible to be Auctioned

AUSTIN, TEXAS - Dan Kruse Classics, a collector car auction house, announced the sale of what many historians call the car most associated with and former President Lyndon B. Johnson, his convertible 1964 Lincoln Continental that he drove until his death.

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NewsFebruary 10, 2012

Used Car Market Report Shows Increase in Auction Prices for Midsize Cars

ATLANTA -According to the recently published Manheim Used Car Market Report, mileage- and seasonally adjusted auction prices for end-of-service midsize cars and pickup trucks reached an all-time high in April 2011.

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NewsFebruary 10, 2012

McIver to Chair AAAG Board of Directors

CHARLESTON, SC - Steve Simon, CEO of American Auto Auction Group (AAAG), has announced that industry veteran Bill McIver will serve as the Chairman of AAAG's Board of Directors.

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NewsFebruary 10, 2012

CPS Presents Auction Awards

IRVINE, CA - Recognizing strong partnerships and solid auction performance, Consumer Portfolio Services is proud to continue its Auction Recognition Program by acknowledging the best auctions in the categories of Best retention, Best Fleet Lease Department, and Best Auction Overall - High and low volume sales.

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NewsFebruary 10, 2012

Toyota & Carfax Extend CPO Partnership

LAS VEGAS - Toyota Motor Sales (TMS), U.S.A., Inc. has extended its partnership with Carfax for its Toyota Certified Used Vehicle (TCUV) program.

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