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NewsMay 26, 2005

Late Pope John Paul's Car Up for Auction

AUBURN, IN – A car that once was Pope John Paul II's personal vehicle will be auctioned off in June, according to the Associated Press.

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NewsMay 26, 2005

CarMax to Arrange New Credit Facility

RICHMOND, VA – CarMax, Inc. has signed a commitment letter with Bank of America N.A. and Banc of America Securities LLC to arrange a new $350 million to $400-million credit facility in which Bank of America N.A. has committed to lend up to $150 million.

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NewsMay 26, 2005

Vehicle Inspection Services Joins IARA

ALPHARETTA, GA - Vehicle Inspection Services (VIS) has joined the International Automotive Remarketers Alliance (IARA).

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NewsMay 26, 2005

CarMax Lowers Comparable Store Used Unit Growth Expectations

RICHMOND, VA – CarMax has revised expectations for the first quarter ended May 31, 2005.

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NewsMay 26, 2005

Fowler Joins Vehicle Inspection Services

ALPHARETTA, GA – Don Fowler has been named executive director, business development for Vehicle Inspection Services (VIS), a full-service vehicle inspection company, headquartered in Alpharetta.

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NewsMay 26, 2005

CenterOne Acquires MarketWise Solutions

DEERFIELD BEACH, FL – CenterOne Financial Services, a subsidiary of World Omni Financial Corp., has acquired MarketWise Solutions, Inc., an automotive remarketing services company.

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NewsMay 19, 2005

Manheim Inks Agreement with CU Direct

ATLANTA – Manheim has announced a strategic partnership with CU Direct Corp., a point-of-sale and indirect lending company for the credit union industry, and administrator of Credit Union Direct Lending (CUDL) and CU Direct DecisionApp.

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NewsMay 19, 2005

Houston to Moderate Benchmarking Panel at IARA Summer Roundtable Conference

MT. ARLINGTON, NJ – The International Automotive Remarketers Alliance (IARA) will hold its 2005 Remarketing Summer Roundtable conference July 27-29, 2005, at the Embassy Suites Hotel Centennial Olympic Park in Atlanta.

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NewsMay 19, 2005

Manheim's Used Car Market Report Wins Award

ATLANTA – Manheim's 2005 Used Car Market Report (UCMR) placed first in the research category at the Nashville, Tenn., chapter of the Public Relations Society of America's (PRSA) 19th annual Parthenon Award competition held April 12.

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NewsMay 19, 2005

West Virginia Stops Taxing Wholesale Auto Auctions After Complaint

CHARLESTON, WV - Owners of Charleston Auto Auction had to pay sales taxes on buying and selling fees for auctioned vehicles when sales taxes are typically not charged on wholesale transactions between two businesses, reported the Charleston Gazette-Mail newspaper.

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