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NewsNovember 13, 2009

Recession and Gas Prices Impacting Used-Car Value Stability

IRVINE, CA – Used-vehicle values were flat through the month of October, depreciating 0.1 percent on average. While values have been steady for the past two months, most are considerably higher than they were this time last year.

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NewsNovember 13, 2009

eBay Motors Launches Free Vehicle History Reports Exclusively through Experian's AutoCheck

SAN JOSE, CA – eBay Motors, an online automotive marketplace, now offers free vehicle history reports through an exclusive agreement with Experian's AutoCheck.

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NewsNovember 13, 2009

AutoCheck Tops Carfax in Reported Accidents

SCHAUMBURG, IL — An ever-struggling economy has many car buyers shopping for used vehicles. Vehicle history reports are important tools in understanding a used-vehicle's past, and, as recent research has shown, AutoCheck vehicle history reports are likely to have more reported accidents than Carfax.

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NewsNovember 13, 2009

Carfax Creates Free Cash for Clunkers Check

CENTREVILLE, VA – There is widespread concern that many of the used cars supposedly scrapped under the Cash for Clunkers program may be resold around the country. It is illegal for any of these cars to be sold as a whole unit.

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NewsNovember 13, 2009

Manheim Selects UPS to Manage Vehicle Transport

ATLANTA – Manheim, a provider of automotive remarketing services, has selected UPS to oversee its entire supply chain for moving millions of used vehicles each year to the wholesale market.

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NewsNovember 13, 2009

Auto Finance Veteran Launches Windsor Remarketing

FORT WORTH, TEXAS — Windsor Remarketing has entered into the third-party servicing business and is currently signing up clients who need to liquidate their repossessed vehicles.

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NewsNovember 6, 2009

Used-Car Prices Up 16 Percent, Domestics Hold Better Value, Says Edmunds.com

SANTA MONICA, CA — Three-year-old used cars currently sell for about 16 percent more than they did this time last year.

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NewsNovember 6, 2009

October Consumer Bankruptcy Filings Surge 28 Percent Over Last Year

ALEXANDRIA, VA — The 135,913 consumer bankruptcy filings in October represented a 27.9 percent increase over last October's monthly total of 106,266, according to the American Bankruptcy Institute (ABI).

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NewsNovember 6, 2009

NADA Chief Economist Counters Edmunds.com Analysis of C4C Program

MCLEAN, VA – After a thorough review of the Cash for Clunkers program, the chief economist of the National Automobile Dealers Association (NADA), Paul Taylor, determined the cost of each incremental vehicle sold was around $4,587.

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NewsNovember 6, 2009

KAR Holdings Changes Name to KAR Auction Services

CARMEL, IN - KAR Holdings, Inc., a leading provider of vehicle and salvage auction services in North America, announced the company changed its name to KAR Auction Services, Inc.

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