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Operations•by Staff•January 15, 2010

Credit Unions Begin to Look Online to Unload Excess Repos

WASHINGTON - Since the start of the decline in the economy, auto lending has been an area where credit unions have managed to see substantial growth.

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Operations•by Staff•January 15, 2010

Richtie Bros Opens Auction in Narita, Japan

NARITA, JAPAN - The grand opening of Ritchie Bros. new permanent auction site in Narita is fast-approaching. On January 27, 2010 the auction company officially open the site and will hold its first unreserved auction there.

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Operations•by Staff•January 15, 2010

Remarketers Rewarded with Greater-than-Average Seasonal Wholesale Prices in December

CARMEL, IN - Remarketers that elected to sell before year-end rather than wait for a seasonal price increase in January were rewarded with a greater-than-seasonal average wholesale price increase in December.

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Operations•by Staff•January 15, 2010

Pennsylvania AG Files Lawsuit Against Used-Car Warranty Company

HARRISBURG, PA — A Lackawanna County, Penn., used-car warranty company and its operators, accused of defrauding thousands of motorists across the country, are the subject of a lawsuit filed by the state's Attorney General's Bureau of Consumer Protection.

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Operations•by Staff•January 15, 2010

Copart to Acquire Five UK Facilities

FAIRFIELD, CA - Copart UK Limited has agreed to acquire D Hales Limited, a UK-based vehicle salvage disposal company, headquartered in Bristol, with five auction and auto parts facilities.

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Operations•by Staff•January 8, 2010

Smaller Used-Vehicle Supply Boosts Wholesale Prices in 2009

WASHINGTON - About 8 million fewer used cars and trucks entered the U.S. market over the past two years, resulting in higher used-vehicle prices every month in 2009.

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Operations•by Staff•January 8, 2010

ADESA Adopts NAAA Arbitration Policy

CARMEL, IN – ADESA announced it adopted the National Arbitration Policy of the National Auto Auction Association (NAAA) at all of its U.S. auction locations, effective immediately.

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Operations•by Staff•January 8, 2010

BCA's New Owner Promises Investment to Grow Auction Business

NEW YORK – BCA has been sold by its private equity parent to another venture capitalist for an undisclosed fee

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Operations•by Staff•January 8, 2010

Manheim Applauds Widespread Industry Adoption of NAAA Arbitration Policy

ATLANTA – Manheim executive vice president of U.S. operations Mike Broe applauded the widespread adoption of the newly-revised National Auto Auction Association (NAAA) policy by other NAAA members.

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Operations•by Staff•January 8, 2010

Martin Promoted to Senior VP, Operations for LeasePlan USA

ALPHARETTA, GA - LeasePlan USA announced the promotion of Tim Martin to the role of senior vice president, operations, effective Jan. 1, 2010.

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