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NewsAugust 6, 2010

Cash for Clunkers Lessees Want to Escape Leases

MIAMI – LeaseTrader.com reports a significant trend in inquiries from people who leased a car with a Cash for Clunkers rebate looking to escape the auto lease just one year into their five-year commitment.

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NewsAugust 6, 2010

Openlane Acquires Recovery Database Network, Inc.

REDWOOD CITY, CA – OPENLANE, Inc., an online auction company in North America for automotive dealers to buy and sell wholesale vehicles, has acquired Recovery Database Network, Inc., a specialized provider of software and data solutions related to the recovery of assets for the automotive finance industry.

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NewsJuly 30, 2010

Bob Graham Outlines IARA's Future Goals

MT. ARLINGTON, NJ - Bob Graham, ARI's director of Vehicle Remarketing and president of the International Automotive Remarketers Alliance (IARA), discusses his future plans for the remarketing association and his reasons for joining.

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NewsJuly 30, 2010

Manheim Partners with Nissan Motor Acceptance Corp. & Infiniti Financial Services

ATLANTA – Manheim is helping Nissan Motor Acceptance Corp. and Infiniti Financial Services keep their off-lease, or “grounded,” vehicles on the fast track to new owners with the introduction of an end-to-end grounding and remarketing solution.

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NewsJuly 30, 2010

Black Book Sees Prestige Luxury Vehicles Continue 11 Week Slide

GAINESVILLE, GA – Recent auction sale results indicate a stable overall market overall. Black Book witnessed a jump in the percentage of adjustments requiring increases in values as compared to adjustments the previous two weeks.

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NewsJuly 30, 2010

Auction123 Introduces Facebook App

WESTON, FL - Auction123 announced the release of its Facebook application. Inventory will be advertised and marketed on a site where more than 500 million users spend an average of 25 minutes each day.

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NewsJuly 30, 2010

AUL Appoints Atkinson Chief Operating Officer

NAPA, CA – Napa-based AUL Corp., a national provider of used-car service contracts, announced the hiring of Jimmy Atkinson as chief operating officer and senior vice president.

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NewsJuly 22, 2010

GM to Acquire AmeriCredit

DETROIT — General Motors and AmeriCredit Corp. announced they entered into a definitive agreement for GM to acquire the subprime auto finance company in an all-cash transaction valued at approximately $3.5 billion.

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NewsJuly 22, 2010

Black Book Analyzes Which Models are the Toughest Sell

GAINESVILLE, GA - Heading toward fall and the introduction of the majority of the new model-year 2011 vehicles, normal expectations are a softening in the market, especially on later model-year vehicles,

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NewsJuly 22, 2010

Openlane Partners With Homenet To Make Wholesaling Cars Easier

REDWOOD CITY, CA – OPENLANE, Inc., an online auction company in North America for automotive dealers to buy and sell wholesale vehicles, announced it collaborated with HomeNet Automotive.

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