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NewsJuly 1, 2004

Lease Volume Down Another 20 Percent in 2003

The Association of Consumer Vehicle Lessors (ACVL) has announced 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

Sneak Preview of IARA Online Remarketing Module Curriculum at 2004 Roundtable in Chicago

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

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NewsJune 24, 2004

Manheim's Used-Car Market Report Wins Top Honors in International Association of Business Communications Awards

Manheim’s 2004 Used-Car Market Report (UCMR) won the Gold Pen Award – the highest honor given by the Nashville, Tenn., chapter of the International Association of Business Communicators (IABC) at its annual awards program June 10.

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NewsJune 24, 2004

BenchMark Consulting International Releases Key Findings of 2004 Consumer Credit Collections Study

BenchMark Consulting International, an international management consulting firm to the financial services industry, announced the results of the 2004 Consumer Credit Collections Study, which revealed a slight decrease in the overall average consumer loan dollar delinquency rate, a rise in the overall charge-off rate, and a decline in the recovery rate, year over year.

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NewsJune 24, 2004

GE Commercial Finance, Fleet Services Pilots Direct-to-Employee Online Remarketing Channel

GE Commercial Finance, Fleet Services, has partnered with Remarketing Solutions, a wholly owned subsidiary of Manheim, to develop a direct-to-employee online remarketing channel.

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NewsJune 24, 2004

Infiniti Revises Certified Pre-Owned Program

Infiniti, the luxury division of Nissan North America, announced on June 17 that it has launched an enhanced Infiniti Certified Pre-Owned Program (CPO).

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NewsJune 24, 2004

CarMax Reports Flat Earnings

Auto retailer CarMax Inc. posted flat earnings amid disappointing used-car sales, and the company said that second-quarter earnings are expected to be weaker than analysts expected.

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NewsJune 24, 2004

Layne Weber and Steve Houston to Lead IARA Chicago-Area Dealer Panel Roundtable in Chicago

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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NewsJune 17, 2004

AMS Announces the Addition of OnLine RingRep to its Suite of OnLine Ring Products

Auction Management Solutions, Inc. (AMS), has announced the availability of OnLine RingRep, a new module in the OnLine Ring suite of products, which expands an auction’s ability to allow remote sellers to represent their cars without physically being at the auction.

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NewsJune 17, 2004

Hatfield Auto Auction, 'The Original Chrysler Sale,' Marks 40 Years with DaimlerChrysler

Manheim has announced that Hatfield Auto Auction in Hatfield, Pa., marked its 40th year with DaimlerChrysler by selling all 1,000 vehicles that ran across the block at its Home Run Derby sales event held June 10.

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