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NewsDecember 21, 2005

CarMax Reports Record Third-Quarter Results

RICHMOND, VA – CarMax, Inc. reported results for the third quarter ended November 30, 2005.

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NewsDecember 14, 2005

Save the Date for CAR 2006 in Las Vegas

MT. ARLINGTON, NJ – The 11th annual Conference of Automotive Remarketing (CAR) 2006 is scheduled March 8-10 at Caesar's Palace in Las Vegas. More than 400 remarketing professional from auctions, banks, manufacturers, technology providers, and others are expected to attend the event.

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NewsDecember 14, 2005

Average Wholesale Used-Vehicle Prices Register Strongest Increase of the Year

CARMEL, IN – Average wholesale used-vehicle prices rose sharply in November, registering their strongest year-over-year increase of 2005, according to Tom Kontos, VP, ADESA Analytical Services, ADESA Inc. Reasons for the increase include:

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NewsDecember 14, 2005

Auto2auto.com Allows Used-Car Buyers to Shop from Home

NAPLES, FL – Last year more than one-half of the 43 million used cars purchased were located through Internet research. Although this has impacted how consumers find a vehicle, it has not changed the actual purchasing process or the car buying experience.

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NewsDecember 14, 2005

IntelliChoice.com Taps Carfax as Vehicle History Provider; Instant Access To Carfax Vehicle History Reports Now Available

FAIRFAX, VA – IntelliChoice.com, a consumer automotive data resource, has selected Carfax as the provider of choice for vehicle history information. Visitors to IntelliChoice.com who search for used vehicle data can now instantly access valuable Carfax Vehicle History Reports directly from all IntelliChoice.com used-vehicle listings.

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NewsDecember 14, 2005

Local Auto Auctions Honored by Federal Government for Hurricane Response

SCOTT, LA – Manheim's Lafayette Auto Auction and Mississippi Auto Auction received special recognition awards from the General Services Administration (GSA) Dec. 8 at Lafayette Auto Auction in Scott. The awards were given to the auctions “for their outstanding efforts on behalf of the United States of America in emergency conditions during the aftermath of Hurricane Katrina.”

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NewsDecember 14, 2005

NAAA Relief Fund Continues With Holiday Assistance

FREDERICK, MD – Since the NAAA Hurricane Relief Fund Committee (NAAA-RF) and fundraising efforts launched in efforts to help fellow auction member families impacted from this year's hurricanes, the members through NAAA have been able to help 75 families in need. To date, $86,000 has been distributed amongst those families.

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NewsDecember 14, 2005

ALG Presents 2006 Residual Value Awards

SANTA BARBARA, CA – Automotive Lease Guide's (ALG) annual Residual Value Awards honor those vehicles in each automotive segment predicted to retain the highest percentage of their original price. This year's awards are based on 2006-model year vehicles.

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NewsDecember 14, 2005

ABC Announces Leadership Changes

INDIANAPOLIS — Auction Broadcasting Company has announced that John Combs, previously general manager at ABC Indianapolis, has accepted the position of regional vice president of Sales for ABC. Combs has more than 15 years of experience in the auto auction business.

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NewsDecember 14, 2005

Driveitaway's Founder Puts Fingers to Keyboard to Rev Up Automotive Industry Blogosphere

CHICAGO — John Possumato, founder and vice chairman of Driveitaway, Inc., has carved out a piece of the Web's blogosphere. With 20 years' experience behind him, Possumato will share his insights on the day-to-day world of the automotive industry in a new blog that will focus on the substantial, but sometimes overlooked, world of corporate fleet and vehicle remarketing.

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