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NewsMay 4, 2005

Latest Study Confirms Vehicle Owners Destined to Stay 'Upside-Down'

IRVINE, CA – The latest study from Kelley Blue Book Marketing Research, New Vehicle Buyer Attitude Study on Financing, finds that six out of 10 people who are about to buy a new vehicle prefer a longer-term loan with low monthly payments when financing their next vehicle.

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NewsMay 4, 2005

SGS Automotive Services and Auction123.com Launch Enhanced Internet Vehicles Listing Service

HUNTERSVILLE, NC – In an effort to enhance buyer confidence and trust in the accuracy of online vehicle listings, SGS Automotive Services and Auction123.com have launched ListAssure – a new service that combines Internet listings with independent vehicle condition reports to assist automotive dealers in increasing Internet sales volumes and profit margins.

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NewsMay 4, 2005

Insurance Auto Auctions Reported $5 Million Net Earning in First Quarter 2005

WESTCHESTER, IL – Insurance Auto Auctions, Inc. (IAA) a provider of automotive salvage and claims processing services, reported higher net earnings for the quarter ended March 27, 2005.

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NewsMay 4, 2005

AFLA Announces Agenda for 2005 Conference with Emphasis on Remarketing

ST PAUL, MN — The Automotive Fleet & Leasing Association (AFLA) will hold its 2005 Annual Meeting & Conference Sept. 7-9, 2005, at the Marriott Camelback Resort, in Scottsdale, Ariz.

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NewsMay 4, 2005

ADESA Reports 1st Quarter 2005 Net Income of $35 Million

CARMEL, IN — ADESA, Inc., a publicly traded provider of wholesale vehicle auctions and used-vehicle dealer floorplan financing, on April 28 reported that for the first quarter 2005, the company reported net income of $35.0 million or $0.38 per share, on revenue of $244.0 million.

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NewsMay 4, 2005

Houston, Parker, & Kolb to Moderate IARA 2005 Remarketing Summer Roundtables

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

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NewsApril 28, 2005

Agenda Announced for IARA 2005 Remarketing Summer Roundtable

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

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NewsApril 28, 2005

Autobytel Shuffles Top Management

DETROIT -- Jeffrey Schwartz has lost his day-to-day responsibilities for running Autobytel Inc., and board member Richard Post has been named CEO in a management shakeup at the online automotive marketing company.

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NewsApril 27, 2005

Kuhnert Assumes Fleet and Remarketing Responsiblities at Mitsubishi

CYPRESS, CA — Daniel P. Kuhnert joined Mitsubishi Motors North America, Inc. (MMNA) on April 21 as senior vice president of sales. Kuhnert replaces Michael Tocci, who is relocating to the East Coast to pursue other interests.

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NewsApril 27, 2005

Donlen and Auctions Donate $60,000 for Children With Cancer

NORTHBROOK, IL — Donlen Corporation, in partnership with 16 auto auctions nationwide, on April 20 presented a check for $60,000 to the One Step At A Time program, a summer camp experience for children with cancer and leukemia conducted by the Children's Oncology Services of Illinois, Inc., a not-for-profit charitable organization.

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