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News•August 5, 2003

BMW Dominates LeaseCompare.com Top 10 List

Automobile Consumer Services, Inc. (ACS), an online direct-to-consumer auto lessor, released a list of the top 10 most requested used vehicles from its auto leasing website www.LeaseCompare.com for the second quarter of 2003.

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News•August 5, 2003

Toyota Streamlines its Remarketing Program

Toyota Financial Services announced on July 21 a new program that allows Toyota and Lexus dealers to buy off-lease vehicles online three to five days after the vehicles are turned in by lessees.

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News•August 5, 2003

Adesa Mexico Names Michel Gillies as General Manager

ADESA Mexico announced that Michel Gillies is its new general manager. ADESA Mexico is one of 54 wholesale vehicle remarketing auctions owned by Indianapolis-based ADESA Corp., an ALLETE company.

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News•August 5, 2003

First Annual PADE NASCAR Sale is a Record Breaker

The first NASCAR-themed sale by the Pennsylvania Auto Dealers’ Exchange (PADE) on July 23, 2003, set a new record for that week’s sale in the auction’s 46-year history.

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News•July 31, 2003

Don Esmond of Toyota Division to be CAR 2004 Keynoter

Donald V. Esmond, senior vice president and general manger of Toyota Division, will be the keynote speaker at the 2004 Conference of Automotive Remarketing (CAR), which will be held on Jan. 21-23, 2004 at the Mandalay Bay in Las Vegas. Esmond will speak on Tuesday, Jan. 22 on “Positioning Residuals, Certified Programs, and Direct-to-Dealer UC Sales.”

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News•July 31, 2003

Freudenberg Named New Director of Paint Operations for Dent Wizard

Kevin Freudenberg was hired as director of paint operations for Dent Wizard International.

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News•July 29, 2003

Chrysler Reduces Certification Fee for Used Cars

DaimlerChrysler has made changes to the Chrysler group certified used-vehicle program. The company has dropped its per-vehicle certification fee for dealers by $100, to $295, on used 2003-model Chrysler, Dodge, and Jeep vehicles. In addition, it has added a three-month/30,000-mile bumper-to-bumper warranty.

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News•July 29, 2003

VW to Offer Branded Extended Service Contracts for Both Audi and VW Models

Volkswagen of America, Inc., and Audi of America, Inc. have announced new and improved branded extended service contracts, pre-paid maintenance programs, and GAP debt waiver and insurance policies for customers.

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News•July 29, 2003

Simulcast Has Record-Breaking Success at Manheim’s Atlanta Auto Auction

Manheim’s Simulcast had record-breaking success at the BMW highline sale at Manheim’s Atlanta Auto Auction on July 2, 2003. Of 130 vehicles sold, 84 percent were purchased by online dealers via Simulcast.

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News•July 29, 2003

Greater Quad City and GSA Hold Public Internet Auction

Greater Quad-City Auto Auction (GQCAA) has teamed with the General Services Administration (GSA) to hold the first public, client-specific Internet auctions in May and June 2003.

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