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NewsJuly 22, 2004

SGS Offers Dealers New Internet Sales Program

SGS Automotive Services and Ebay Motors have partnered to offer automotive dealers a turnkey service for the inspection and posting of used vehicles over the Internet.

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NewsJuly 22, 2004

Kolb Forms New Auction Consulting Service

Representing 12 established independent auctions, Scott Kolb, CAI, has formed The SKI Group, LLC, to deliver automotive and auction consulting services to the vehicle remarketing industry.

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NewsJuly 22, 2004

National Auto Auction Association Launches Scholastic Foundation

The National Auto Auction Association (NAAA) has launched a Scholastic Foundation offering scholarships to deserving students whose families are associated with the NAAA and its members. The scholarship program will be funded initially by association members and a silent auction at the group’s fall national conference.

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NewsJuly 22, 2004

Wholesale Inventory is Up Due to Slow Retail Sales

Resale prices in the wholesale market for out-of-service commercial fleet vehicles have declined slightly due to the increase in auction inventory resulting from sluggish used-vehicle retail sales, according to an industry source. The increased inventory, in addition to the model-year buildout, has caused wholesale resale prices for intermediate-sized fleet sedans to decrease, on average, approxim

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NewsJuly 15, 2004

Current Used Vehicle Market Conditions and Outlook

Average auction prices in June were up from year-ago levels for the fourth month in a row, but were lower than in May. According to ADESA Analytical Services’ monthly analysis of Wholesale Used Vehicle Prices by Vehicle Model Class, average auction prices in June were up 1.2 percent from year-ago levels, but down 1.5 percent relative to the previous month.

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NewsJuly 15, 2004

Insurance Auto Auctions Acquires Mid-South Salvage and Opens Greenfield Facility in El Paso

Insurance Auto Auctions, Inc., a provider of automotive salvage and claims processing services in the United States, acquired Mid-South Salvage LLC, a 15-acre operation located in Jackson, Miss.

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NewsJuly 15, 2004

Carfax Offers Special Rate on Vehicle History Reports in Effort to Help Texans Identify Stolen Vehicles

The Texas Department of Transportation reports that more than 100,000 vehicles are stolen every year in Texas, with more than 9,000 thefts occurring in the month of July alone. As a result, state authorities have designated July as Auto Theft Prevention Month. Carfax is offering consumers throughout Texas a discounted rate on its reports during this month in recognition of the program.

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NewsJuly 15, 2004

IARA to Discuss Endorsement of New Industry Standard Vehicle Grading Scale

The International Automotive Remarketers Alliance (IARA) announced that the next IARA Roundtable event, designed to address the needs and priorities of vehicle remarketers, will be held July 21-23 at the Fairmont Hotel in downtown Chicago.

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NewsJuly 15, 2004

ADESA Announces Redemption Of $125 Million Senior Notes

ADESA, Inc. announced the redemption of all of its $90 million 7.7 percent Senior Notes, Series A, due 2006 and all of its $35 million 8.1 percent senior notes, Series B, due 2010.

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NewsJuly 15, 2004

Auction Leaders Complete Triad’s Six Sigma Greenbelt Training

Auction leaders from around the country completed Six Sigma Greenbelt training held at Triad Financial’s corporate offices in Huntington Beach.

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