News
Manheim Index Shows Used-Vehicle Wholesale Prices Up 2.1% in June
The market is seeing stronger appreciation in older used vehicles this year, and the most affordable segments have been among the year’s best performers.
Read More →The market is seeing stronger appreciation in older used vehicles this year, and the most affordable segments have been among the year’s best performers.
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FAIRFAX, VA – In prepared remarks submitted for the record to the Senate Committee on Commerce, Science & Transportation, the Automotive Recyclers Association (ARA) has outlined the growing national problem of vehicle title fraud, and the subsequent need for Congress to pass legislation requiring the insurance industry to report essential total loss information to a national Vehicle Identification Number (VIN) database.
Read More →WESTBURY, N.Y. – Repossessions and liquidations of tractor-trailer trucks rose nearly 8 percent in 2006 compared with 2005, according to Nassau Asset Management's NasTrac Quarterly Index (NQI). The company tracks equipment trends as part of its business providing collections, repossessions, and remarketing services to the nation's leasing and finance industry.
Read More →PALM BEACH, FL - The Barrett-Jackson Auction Company announced that the 2007 Palm Beach Collector Car Event raised more than $500,000 for various local and national charities. The 5th annual South Florida auction was held from March 28 - April 1, 2007, and featured nearly 600 of the world's finest collector cars.
Read More →MT. ARLINGTON, N.J. – Jim Moran, owner of JM Family Enterprises and recipient of the first annual International Automotive Remarketers Alliance (IARA) Circle of Excellence award in 2003, passed away in Hillsboro Beach, Fla., the morning of April 24, 2007 at the age of 88 — six years after he handed over the reigns of his 38-year-old JM Family Enterprises.
Read More →ANCHORAGE, AK - Lithia Motors, Inc. has launched its national Assured Vehicle program at all of its dealerships in Alaska. The Assured Vehicle program is designed to simplify new- and used-vehicle transactions.
Read More →NEW YORK - Asbury Automotive Group, Inc. has reported financial results for the first quarter ended March 31, 2007.
Read More →ATLANTA – Manheim Auto Auction, in Manheim, Pa., will celebrate the official grand opening of its new reconditioning center April 19. The 200,000-sq.-ft. facility will house detail, paint and body, training, and mechanical shops all in one place.
Read More →SPOKANE, WA - ServNet has announced the addition of it newest member: Rea Brothers' Mid-South Auction. A family-owned facility located near Jackson, Miss., Rea Brothers' Mid-South Auction has been one of the South's leading independent auctions since its founding in 1972.
Read More →DES PLAINES, IL and SCHAUMBURG, IL – The National Insurance Crime Bureau (NICB) today announced that it has teamed with Experian Automotive, a division of global information solutions company Experian Inc., to use its AutoCheck vehicle history reporting solution to help identify and recover vehicles stolen and resold through VIN cloning scams.
Read More →WESTCHESTER, IL – Insurance Auto Auctions, Inc. (IAA) has opened its newest auction center – Western Colorado – in Delta, located about 30 miles south of Grand Junction. The new 10-acre facility will provide service coverage to western Colorado as well as portions of southern and southeastern Utah.
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