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NewsNovember 17, 2005

FCUL Service Group Offers Internet Remarketing Option

TALLAHASSEE, FL – The FCUL Service Group announced that its automotive arm, CU AutoNet, has partnered with TitleAuctions to provide an Internet remarketing channel to Florida credit unions. The agreement includes a retail auction channel, a private direct-to-dealer channel, and a member-to-member auction platform.

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NewsNovember 17, 2005

Insurance Auto Auctions Announces Improved Third-Quarter Results

WESTCHESTER, IL – Insurance Auto Auctions, Inc., (IAA) a provider of salvage and claims processing services, announced record vehicle returns during the third quarter. These results were driven by increased buying activity as a result of IAA's live auctions with Internet bidding.

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NewsNovember 17, 2005

Ultimate Warranty Corp. to Connect with DealerTrack Aftermarket Services' eMenu

LAKE SUCCESS, NY – DealerTrack Aftermarket Services and Ultimate Warranty Corp., an aftermarket third-party administrator, announced at the F&I Conference and Expo that Ultimate Warranty has agreed to offer its automotive aftermarket products through DealerTrack and DealerTrack's eMenu solution.

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NewsNovember 17, 2005

Fleet Industry Symposium to Be Held at Manheim's DRIVE Center Nov. 17-19

STOCKBRIDGE, GA – The National Association of Fleet Administrators (NAFA) Atlanta Chapter's Fleet Industry Symposium 2005 will be held Nov. 17-19 at Manheim's DRIVE Center in Stockbridge, just outside of Atlanta.

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NewsNovember 17, 2005

AutoTradeCenter Canada Ltd. has Implemented with Mercedes Benz Credit cDemo's Inspection Technology

LETHBRIDGE, ALBERTA – AutoTradeCenter Canada Ltd. has implemented its cDemo inspection technology with Mercedes-Benz Credit's (MBC) third-party inspection vendor. MBC's third-party inspection vendor provides electronic inspection services for off-lease vehicles across Canada.

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NewsNovember 17, 2005

St. Louis Auto Auction Joins Total Resource Auctions Network

ATLANTA – Manheim's St. Louis Auto Auction in Bridgeton, Mo., has joined the Total Resource Auctions (TRA) network, becoming the 12th Manheim auction to offer salvage auction services.

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NewsNovember 17, 2005

Manheim, Remarketing Solutions Launch Retail Finance Product for Independent Dealers

NASHVILLE, TN – Manheim's Remarketing Solutions subsidiary has announced the launch of Dealer Auto Funding Solutions (DAFS), a retail financing program for independent automobile dealers that is powered by technology from Bankers Integration Group (BIGFNI).

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NewsNovember 10, 2005

Resale Prices Up for Third Consecutive Month

ATLANTA – Wholesale used-vehicle prices (on a mix, mileage, and seasonally adjusted basis) rose for the third consecutive month in October. The Manheim Index reading was 112.5 for October, up 5.7 percent from a year ago and up 9.9 percent for the cyclical low point in April 2003.

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NewsNovember 10, 2005

ADESA Impact Acquires Four Independently Owned Salvage Auctions in Ohio

CARMEL, IN – ADESA Impact, a total loss vehicle auction subsidiary of ADESA, Inc., has acquired four independently owned salvage auctions. The acquisition of the "Ohio Connection," a group of Ohio salvage auction companies, expands ADESA Impact's regional coverage and is expected to be mildly accretive to ADESA's 2006 financial performance.

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NewsNovember 10, 2005

CarMax Advises How to Avoid Flood-Damaged Cars

RICHMOND, VA – In the wake of recent hurricanes and flooding, CarMax, Inc., a retailer of used cars, is advising consumers on how to avoid purchasing flood-damaged vehicles.

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