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News•July 22, 2003

Wal-Mart and Asbury Automotive End Used-Vehicle Pilot Program

A pilot program between Wal-Mart and Asbury Automotive here to sell used cars at Wal-Mart Supercenters ended on July 11, 2003, because the volume of customer traffic did not meet expectations. Asbury Automotive, the country’s fourth-largest automobile retailer, shut down its Price 1 Auto Stores at Wal-Mart stores in Richmond, Uvalde, Pasadena and Orange, TX.

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News•July 22, 2003

Deflation Makes Used Cars a Better Buy, Says Columnist

Doron Levin, columnist for Bloomberg News, says that prices of used cars have been falling faster than those of new cars, widening the gap between them. He added that that is bad news if you own a used vehicle or plan to trade one in. But it could be an advantage for those in the market and willing to consider buying a slightly used car instead of a new one.

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News•July 22, 2003

ABC Co-Founder Sells Interest in Company

Carl Miskotten, co-founder of Auction Broadcasting Company (ABC), announced on July 21, 2003 that he will be selling his interest in the company to Mike Hockett, the other co-founder, and to ABC.

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News•July 22, 2003

ADESA Florida Auctions Promote Jeff Raynor, Jason Martin to Management Posts

ADESA Ocala recently announced that Jeff Raynor, previously employed as assistant general manager at ADESA Jacksonville, is its new general manager. Replacing Raynor as assistant general manager in Jacksonville is Jason Martin, formerly employed by ADESA Indianapolis as the auction’s fleet/lease manager.

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News•July 10, 2003

ADESA Florida Auctions Promote Jeff Raynor, Jason Martin to Management Posts

– ADESA Ocala recently announced that Jeff Raynor, previously employed as the assistant general manager at ADESA Jacksonville, is its new general manager.

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News•July 10, 2003

Close Vote Marks NIADA Election

— Colorado dealer Dwayne Dodd defeated Georgia dealer Randle Smith for the position of president-elect of the National Independent Automobile Dealers Association (NIADA) by one vote.

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News•July 10, 2003

ADESA Houston Names Rick Mowrer as General Manager

— ADESA Houston announced on June 25 that Rick Mowrer is its new general manager.

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News•July 10, 2003

Salvage Chain Buys Manheim Orlando Auction

— Insurance Auto Auctions has purchased the damaged vehicle division of Manheim’s Orlando Orange County Auto Auction in Orlando, Fla.

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News•July 10, 2003

Luxury Makes Report Record Certified Used-Vehicle Sales

— Luxury carmakers Mercedes-Benz USA and BMW Group have reported increases in sales for their certified used vehicle (CUV) programs.

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News•July 10, 2003

ServNet Names Rettenmaier as National Sales Manager

ServNet has announced that Paul Rettenmaier has joined its staff as National Sales Manager.

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