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NewsNovember 4, 2004

GM, Ford Pare Back New-Vehicle Retail Incentives

DETROIT -- GM and Ford throttled back incentives on new cars and trucks slightly Nov. 2 after steep discounts in September and October helped the automakers pare down inventories of remaining 2004 models, according to an article in the Detroit News newspaper.

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NewsNovember 4, 2004

ABC Announces Opening of ABC Southeast Florida

INDIANAPOLIS - Auction Broadcasting Company (ABC), LLC, expands its presence in Florida with the acquisition of the Fort Pierce Auction from BSC America, announced Michael Hockett, CEO of ABC and Raymond Nichols, BSC CEO. Located in Fort Pierce, Fla., the auction has been renamed ABC Southeast Florida.

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NewsNovember 4, 2004

Vehicle Donation Write-Off Advisable Before December 31

IRVINE, CA – December 31 is the deadline for taxpayers to write off the fair market value of a vehicle donated to charity. Under new legislation effective January 1, taxpayers must use the vehicle´s actually sale price from wholesale auction in deductions for vehicle charitable donations.

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NewsNovember 4, 2004

DriveTime Plans 100-Location Expansion by 2006

PHOENIX -- DriveTime, a chain of used-car dealerships catering to consumers with credit problems, plans to expand to 100 locations by the end of 2006, according to the Arizona Republic newspaper.

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NewsOctober 28, 2004

Remarketing Services of America Announces Name Change, and Expanded Service Offerings

Remarketing Services of America, Inc. a unit of Fiserv Lending Solutions, will now be known as RSA Solutions, Inc. (RSA) to reflect the organization's expanded scope of service offerings.

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NewsOctober 28, 2004

Mark Your Calendar for February IARA Roundtable

Vehicle grading scales and performance benchmarking discussions will highlight the next International Automotive Remarketers Alliance (IARA) Roundtable, scheduled Feb. 16 at the Mandalay Bay Resort and casino in Las Vegas.

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NewsOctober 28, 2004

Spin off will Allow ADESA to Expand

ADESA Inc. is ready to grow now that it is spun off from ALLETE Inc., company executives told Automotive News.

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NewsOctober 28, 2004

GE Fleet Services Nets Additional $6.9 Million on Fleet Resale

GE Commercial Finance, Fleet Services has netted an additional $6.9 million in resale for out-of-service fleet vehicles since the start of its partnership with Carfax on Oct. 13, 2003. As part of the partnership, wholesale buyers purchasing used vehicles from Fleet Services have had access to extensive documentation on these vehicles’ past service and maintenance through Carfax Vehicle History Rep

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NewsOctober 21, 2004

MANHEIM HOSTS LARGEST-EVER CHRYSLER AUCTION

Manheim’s Detroit Auto Auction hosted the largest-ever Chrysler auction Oct 14 to celebrate 40 years of Manheim and DaimlerChrysler remarketing.

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NewsOctober 21, 2004

Brasher’s Northwest Marks Grand Opening

Buyers, sellers, and consignor representatives turned out in force to celebrate the August opening of Brasher’s Northwest Auto Auction’s all new facility in Eugene. The two-day event began with an open house during which owner John Brasher and general manager Lisa Larkin welcomed more than 450 customers for a tour of the auction’s new home.

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