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NewsJuly 15, 2004

Power Information Network Reports: Incentives on New Vehicles Fall in June

New-vehicle incentives decreased in June compared with a year ago, according to actual retail transaction data from the Power Information Network (PIN), LLC, an affiliate of J.D. Power and Associates.

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NewsJuly 15, 2004

ADESA Schedules Second Quarter Earnings Release, Conference Call

ADESA Inc. will announce its financial results for the quarter ended June 30, 2004 immediately after the financial markets close on Wednesday, July 21, 2004.

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NewsJuly 15, 2004

Copart Announces Technology Contracts with Wholesale Vehicle Auction Companies

Copart, Inc., has entered into contracts with 30 wholesale vehicle auctions, including six affiliated companies, to provide its proprietary VB2 auction technology for use in their auction process.

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NewsJuly 8, 2004

Edmunds.com Names Best-Bet Used Cars

Edmunds.com, an Internet resource for consumer automotive information, has released its top best-value choices in the used vehicle market.

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NewsJuly 8, 2004

ALLETE Completes Sale of Remaining Water Utilities

ALLETE, Inc., majority owner of vehicle remarketer ADESA, Inc., has completed the sale of its remaining 72 water and wastewater systems to Aqua America, Inc. and Seminole County, Fla. for a total of $18 million.

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NewsJuly 8, 2004

Manheim Promotes Al Cuomo

Manheim has promoted Sal Cuomo to assistant general manager of Baltimore-Washington Auto Exchange in Elkridge, Md. He previously served as institutional manager of Newburgh Auto Auction in Newburgh, N.Y.

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NewsJuly 8, 2004

Lease Volume Down Another 20% in 2003

A recently released Association of Consumer Vehicle Lessors survey reveals that member leasing companies reported a total reduction in new leases from 2 million in 2002 to 1.6 million in 2003.

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NewsJuly 1, 2004

DaimlerChrysler Services Adds Internet Simulcast Technology to the Auction Block

DaimlerChrysler Services North America has announced an addition to its benchmark remarketing services with the introduction of Internet simulcast auction technology available to all Chrysler Financial and Mercedes-Benz Credit dealers at used-car auctions.

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NewsJuly 1, 2004

The National Association of Fleet Resale Dealers to Hold 2004 Annual Conference in the Bahamas

The National Association of Fleet Resale Dealers (NAFRD) will hold its 2004 Annual Conference “NAFRD Gone Platinum” September 9-12 in Paradise Island, Bahamas, at the Atlantis Resort (www.atlantis.com).

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NewsJuly 1, 2004

NADA Proclaims October “Booster Seat Safety Month”

The National Automobile Dealers Association (NADA) has proclaimed October "Booster Seat Safety Month."

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