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NewsJuly 17, 2009

CarMax Reports Increased Online Searches for Hybrid and Diesel Vehicles

RICHMOND, VA – CarMax, Inc. reports that searches on www.carmax.com for hybrid vehicles has risen 4 percent in June over May while diesel vehicle searches rose 7 percent over the same time period.

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NewsJuly 10, 2009

NAAA Drafts Industry Standard for Electronic Condition Report

FREDERICK, MD – The National Auto Auction Association (NAAA) announced the release of a proposed industry-wide standard for the Electronic Condition Report (ECR) to be used in vehicle inspections prior to a sale at NAAA auctions.

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NewsJuly 10, 2009

GMAC Statement on Bankruptcy Court Approval of Sale of Assets by GM

DETROIT – GMAC Financial Services has been notified that the U.S. Bankruptcy Court has approved the sale of assets of General Motors Corporation to an entity sponsored by the U.S. Treasury.

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NewsJuly 10, 2009

Standard & Poor's Downgrades AmeriCredit's Ratings

NEW YORK – Standard & Poor's Ratings Services lowered two credit ratings for AmeriCredit Corp., saying the auto finance company faces further deterioration in its loan portfolio.

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NewsJuly 10, 2009

SmartAuction Strikes Deal with Experian Automotive

TROY, MI – SmartAuction has announced a deal with Experian Automotive to screen daily SmartAuction's entire online inventory.

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NewsJuly 10, 2009

CARFAX Auction Quick Check Available Through Online Auction Network

CENTREVILLE, VA – AutoLookout has integrated access to CARFAX Auction Quick Check. The tool is initially free for Carfax-subscribing dealers through AutoLookout's network of auction Web sites.

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NewsJuly 10, 2009

kbb.com Launches 'Cash for Clunkers' Calculator

IRVINE, CA – Kelley Blue Book, a provider of new-car and used-car information, announced the launch of its Cash for Clunkers Calculator on its Web site, kbb.com.

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NewsJuly 10, 2009

vAuto Partners With ADESA

OAK BROOK, IL – vAuto announced that its customers can now quickly and efficiently source used vehicles available at ADESA auctions with the ability to access ADESA run lists from within vAuto's proprietary stocking module.

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NewsJuly 2, 2009

NAAA and CAR Will Combine Conferences

FREDERICK, MD — A new and improved conference and convention schedule is in the works for 2010. Plans have been announced to combine next spring's NAAA Business & Quad Zone Meeting and Bobit's Conference of Auto Remarketing (CAR).

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NewsJuly 2, 2009

SmartAuction Remarketing Sales on Record Pace

TROY, MI – SmartAuction, an upstream remarketing Web site, is on a record sales pace having facilitated nearly 210,000 online transactions year-to-date through May.

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