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.
Read More →
MT. ARLINGTON, N.J. – The International Automotive Remarketers Alliance (IARA) has announced that Bob Graham, Automotive Resources International's (ARI) manager of used-vehicle sales, has joined the IARA.
Read More →HOUSTON – SalvageSale, an online marketplace and services provider for the insurance industry and corporate end-of-life assets, has completed a recapitalization with New York-based private equity firm Spire Capital Partners. Terms of the recapitalization were not disclosed.
Read More →ATLANTA – AutoTrader.com has announced a multimillion dollar marketing campaign that includes adding the New York Yankees to its roster of promotional and media partnerships with six Major League Baseball (MLB) teams during the 2007 season and a media buy, beginning April 2, extending across 12 television networks.
Read More →RIO LINDA, CA – A celebration marked Brasher's Sacramento Auto Auction's 29th Anniversary in March, an event which shattered attendance and sales records. General Manager Rex Roden reported the auction sold 2,179 vehicles during the anniversary celebration and posted a sales rate of 65 percent.
Read More →IRVINE, CA – Kelley Blue Book (www.kbb.com), a provider of new- and used-vehicle information, has updated its business-to-business Web site – 800bluebook.com – to provide dealers, OEMs, and partners with the most up-to-date information on its innovative and class-leading products and services.
Read More →DETROIT – GM Certified Used Vehicles has announced a new nationwide rate incentive program on select GM vehicles, including the Chevrolet Cobalt and Pontiac G6.
Read More →WESTCHESTER, IL – KAR Holdings, Inc. intends to commence a private placement offering to eligible purchasers of $1.1 billion of floating rate senior notes due 2014, fixed rate senior notes due 2014, and senior subordinated notes due 2015. The notes are expected to be eligible for resale under Rule 144A of the Securities Act of 1933.
Read More →MENLO PARK, CA – ATC-Onlane, Inc., has announced that Audi Financial Services, Automotive Resources International (ARI), Mike Albert Leasing, and Vanguard Car Rental USA, Inc., are all turning to ATC Open (www.atcopen.com) to offer their inventory to a nationwide audience of dealers.
Read More →DALLAS – America's Auto Auction – Greenville was awarded Bank of America's Auction of the Year – Specialty Sales for its efforts in remarketing boats and RVs, a special product offering which it has developed in recent years.
Read More →ATLANTA – Manheim has announced the addition of Francine LaFon as regional sales director. LaFon will report to Michael Lasini, Total Resource Auctions vice president of sales. Her primary focus will be on business development activities in the Southwest region.
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