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Operations•by Staff•April 3, 2009

25-Year Employee at State Line Auto Auction Will Take Month Off

WAVERYLY, N.Y. – Jim Terwilliger has reached an important milestone at State Line Auto Auction: his 25th anniversary, and, in recognition of his years of service, Barber has given him an extra month off this year, in addition to his regular vacation.

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Operations•by Staff•April 3, 2009

Mid-State Auto Auction to Sell for ARI

NEW YORK MILLS, MN - Mid-State Auto Auction will soon offer vehicles from Automotive Resources International (ARI) as part of its weekly Friday consignment auction.

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Operations•by Staff•April 3, 2009

Manheim Enters Joint Venture with Leading Vehicle Exporter Akinvest

ATLANTA – With an increasing number of American and international dealers purchasing used vehicles in the North American wholesale marketplace and shipping them overseas, Manheim has enhanced its commitment to providing export services through a joint venture with Akinvest.

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Operations•by Staff•April 3, 2009

GMAC to Resume Car Loans to Subprime Borrowers

NEW YORK/DETROIT – GMAC Financial Services said it will resume making car and truck loans to subprime borrowers and will lower inventory financing costs for cash-strapped auto dealers, part of a series of moves intended to spur sales at General Motors Corp.

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Operations•by Staff•March 26, 2009

Some New Cars Now Less Expensive Than Used Cars, Edmunds.com Reports

SANTA MONICA, CA – The deals on some new cars are so generous that they actually make the new car less expensive than the one-year-old used version of the same model.

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Operations•by Staff•March 26, 2009

Fireside Bank to Cease Originations, Exits Auto Finance

PLEASANTON, CA – Unitrin Inc. has announced plans to shelve Fireside Bank, the company's subprime auto finance unit. Fireside will cease originations immediately and collect and service its existing portfolio in-house.

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Operations•by Staff•March 26, 2009

Recovering Residual Truck Values Tied to Auto ABS Ratings

TORONTO — The recovery of used auction prices across several vehicle segments — especially trucks and SUVs — is a positive development for auto ABS.

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Operations•by Staff•March 26, 2009

OPENLANE Releases Market Index; Wholesale Prices Continue Strong

MENLO PARK, CA –OPENLANE released its March Market Index March 16, which showed price improvements among cars, trucks, minivans, and SUVs.

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Operations•by Staff•March 26, 2009

Flint Auto Auction Named General Motors Auction of the Year for 2nd Straight Year

FLINT, MI – For the second year running, General Motors has recognized the Flint Auto Auction as winner of its most prestigious honor for its auction partners - the Auction of the Year Award.

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Operations•by Staff•March 26, 2009

Insurance Auto Auctions Leads Amending Utah Legislation

WESTCHESTER, IL – Insurance Auto Auctions, Inc., a North American automotive and specialty vehicle salvage auction company, announced the passing of Utah Senate Bill 193.

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