The number of new-vehicle buyers who owe more on their trade than it is worth – the classic "upside-down" scenario – has increased substantially over the past three years, according to retail transaction data from the Power Information Network (PIN), LLC, an affiliate of J.D. Power and Associates.
A full schedule of Spring events is planned for March, April, and May at Flint Auto Auction, including a March Madness sale, held on March 17.
Manheim has announced that Ryan White, most recently factory manager, has been promoted to assistant general manager of Florida Auto Auction of Orlando in Ocoee.
Chrysler Group reported Certified Pre-Owned Vehicle (CPOV) sales of 8,407 units in February 2004, an increase of 30 percent over February 2003 when 6,453 units were sold.
Manheim announced today that Tony Giurato, most recently vice president of operations for General Motors, has been named vice president – operations, Midwest Region.
Auction Broadcasting Company (ABC) recently announced the promotion of Jim Harman to general manager of its Washington/Dulles facility.
Edmunds.com, an online resource for automotive information, reported that the average manufacturer incentive per vehicle sold in the United States was $2,459 in February 2004, up $324, or 15.2 percent, from February 2003, and up $94, or 4 percent, from January 2004.