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NewsMarch 17, 2005

ARI Launches New Upstream Employee Sale Web-Based Program

MT. LAUREL, NJ - Automotive Resources International (ARI) announced on March 10 the expansion of its vehicle remarketing channels with the introduction of Web-Based “upstream” employee sales.

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NewsMarch 10, 2005

Manheim and ADESA's Current Used-Vehicle Market Conditions and Outlook

CARMEL, IN and ATLANTA – Average auction prices in February, according to ADESA Analytical Services' monthly analysis of wholesale used vehicle prices by vehicle model class, were up 5.2 percent from year-ago levels. Average prices were up 1 percent compared to January.

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NewsMarch 10, 2005

Graham Named Director of Vehicle Remarketing for ARI

MT. LAUREL, NJ - Automotive Resources International (ARI), announced on March 2 the promotion of Bob Graham to director of vehicle remarketing.

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NewsMarch 10, 2005

Cable Crane Receives Record Bid at Manheim Sale in England

ATLANTA – Manheim Auctions Leeds (England) completed the sale of an eight-wheel cable crane for a record £266,000 ($510,000), the highest price Manheim has ever received for an individual item in its 60-year history.

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NewsMarch 10, 2005

Arkansas Enacts Mercury Switch Removal Bill

WASHINGTON, D.C. – On March 8, Arkansas Gov. Mike Huckabee signed the “Mercury Switch Removal Act of 2005.”

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NewsMarch 10, 2005

Advantage Honors Three Manheim Auctions

ATLANTA – Advantage Rent-A-Car has presented three of its inaugural Star Performance Awards to Manheim auctions:

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NewsMarch 10, 2005

CPOV Chrysler Sales Jump Nine Percent

AUBURN HILLS, MI – Chrysler Group reported that sales of its Certified Pre-Owned Vehicles (CPOV) rose 9 percent to 9,188 units in February 2005, according to the Web site, www.autospecator.com.

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NewsMarch 10, 2005

Manheim Announces Upcoming Super Highline Sales

ATLANTA – Manheim has announced dates and times for its popular “Hundred Grander” sales in 2005.

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NewsMarch 10, 2005

Edmunds.com Reports European Automakers Increase Incentives

SANTA MONICA, CA - Edmunds.com, an online resource for automotive information, reported on March 3 that the average manufacturer automotive incentive in the United States was $2,369 per vehicle sold in February 2005, down $90, or 3.7 percent, from February 2004, and down $39, or 1.6 percent, from January 2005.

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NewsMarch 10, 2005

CarMax Reports Record Fourth Quarter Sales; Expects Fourth Quarter EPS of Approximately 28 Cents

RICHMOND, VA – CarMax, Inc. reported record sales for the fourth quarter ended February 28.

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