News
Manheim Index Shows Used-Vehicle Wholesale Prices Up 2.1% in June
The market is seeing stronger appreciation in older used vehicles this year, and the most affordable segments have been among the year’s best performers.
Read More →The market is seeing stronger appreciation in older used vehicles this year, and the most affordable segments have been among the year’s best performers.
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CarMax, Inc. is reducing sales and earnings expectations for the second quarter ending August 31, based on softer than expected sales. CarMax has lowered second quarter comparable store used unit performance expectations to a range of -5 percent to -7 percent from the prior range of -5 percent to 1 percent. CarMax has revised second quarter earnings expectations to a range of 27 cents to 30 cents
Read More →Brasher’s Auto Auctions have introduced a new tool to help make finding and keeping track of vehicles easier than ever before. Called Auction e-vita, it is based on Palm OS technology, and allows dealers to search, sort, value, and analyze the vehicles available at the auction on a given day using a hand-held PDA device.
Read More →Insurance Auto Auctions, Inc. (IAAI), a provider of salvage processing solutions has moved its corporate headquarters from Schaumburg, IL to Westchester, where it is leasing corporate office space at Two Westbrook Corporate Center, Westchester, IL 60154.
Read More →ADESA Inc., a publicly traded vehicle auction company, has selected the inContact service solution for a multi-site telecommunications system.
Read More →Automobile Consumer Services, Inc. (ACS), a provider of online direct-to-consumer auto leasing has formed a new partnership with MarketWise, a specialist in automotive remarketing.
Read More →FordDirect will celebrate its fourth anniversary this month.
Read More →Automotive Capital Group, Inc., said it is now offering vehicles on eBay Motors with no credit check financing. The company is offering cars, trucks and SUVs on eBay Motors and is one of few to offer financing to eBay users regardless of credit score.
Read More →Edmunds.com an online resource for automotive information, reported that the average manufacturer incentive per vehicle sold in the United States set a new record of $2,885 per vehicle sold in July 2004, up $217, or 8.1 percent, from July 2003, and up $138, or 5.0 percent, from June 2004.
Read More →Auction Broadcasting Company (ABC) recently acquired a new auction facility, located on the north side of Atlanta in Cartersville, Ga.
Read More →The International Automotive Remarketers Alliance (IARA) Roundtable meeting, held at the Chicago Fairmont Hotel July 21-23, was attended by more than 95 remarketing professionals.
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