Manheim Facilities Win Six 2003 Auction Achievement Awards From Enterprise Rent-A-Car
Manheim has announced that six of its auctions have won Auction Achievement Awards from Enterprise Rent-A-Car for their performance in 2003.
Manheim has announced that six of its auctions have won Auction Achievement Awards from Enterprise Rent-A-Car for their performance in 2003.
Kent Pace has been appointed as national sales development manager for Toyota Financial Services/Lexus Financial Services.
Auction Broadcasting Company (ABC) recently announced the creation of its MotorSports Division, initially featuring bimonthly sales at its ABC Indianapolis facility.
Manheim hosted a sales event May 5 called the “One Hundred Grander.” Most of the vehicles that were offered were expected to sell for at least $100,000 each.
Two new members, Canadian Remarketing Group, which will participate in all committees excluding Membership and Vehicle Standards, and Insurance Auto Auctions, which will participate in the Industry Associations and Ethics Committees, recently joined IARA.
Despite the growth in certified pre-owned (CPO) programs, the concept of used-vehicle certification remains under appreciated by most consumers, largely leaving dealers to shoulder the responsibility of communicating the benefits of certification, according to a J.D. Power and Associates 2004 Used Vehicle Sales and Certification study.
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.
The National Auto Auction Association (NAAA) has announced the creation of the National Auto Auction Association Scholastic Foundation, Inc. (the "Foundation").
Pennsylvania Auto Dealers Exchange (PADE) has received the national Top Performing Auction 2003 award from Remarketing Services of America, Inc. (RSA), a unit of Fiserv, Inc. This marks the second time since 2001 that PADE has achieved this award.
Chrysler Group reported Certified Pre-Owned Vehicle (CPOV) sales of 25,121 units for first quarter 2004, a new sales record and an increase of 18 percent compared to first quarter 2003 when 21,249 units were sold.
Nationwide Auction Systems has been awarded a five-year contract to dispose of drug-seized vehicles for the United States Marshals Service, Central District of California.
Nassau Asset Management’s NasTrac Quarterly Index shows a 27-percent decrease in repossessions of construction equipment and a 61-percent drop in truck and trailer repossessions the first quarter of 2004 compared with the same quarter last year.
The FBI recently indicted 17 men in the Northeast for allegedly misrepresenting mileage on approximately 10,000 used-vehicle odometers.
Manheim has announced that Harrisonburg Auto Auction in Harrisonburg, Va., placed second among Remarketing Services of America’s (RSA) leading auctions for 2003.
Tarry Shebesta, president of Automobile Consumer Services, Inc. (ACS), will be speaking at the National Vehicle Leasing Association's annual conference.
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