CENTREVILLE, VA – Industry experts estimate that as many as one out of 25 previously damaged vehicles may have non-functional airbags. Conmen purposely replace deployed airbags with anything from packing peanuts to stolen units. This growing scam is threatening used-car buyers everywhere.
Read More →ATLANTA – Manheim's wholesale used-vehicle prices (on a mix, mileage, and seasonally adjusted basis) inched up in April. Prior to the seasonal adjustment, wholesale prices were off 0.9 percent for the month. The Manheim Used Vehicle Value Index reading was 114.2 in April, the same as a year ago.
Read More →AUBURN HILLS, MI – The Chrysler Group reported that its Five Star dealers sold 10,393 Certified Pre-Owned Vehicles (CPOV) in April 2007, a 2-percent decline from the same month last year (2006: 10,586). However, year-to-date sales were up 6 percent to 42,623 units (2006: 40,357).
Read More →COLUMBUS, OHIO – A new funding program for independent vehicle and equipment lessors will be detailed at the 51st Year Convention of the Ohio Vehicle Leasing Association (OVLA) May 24 at the Midwest Hotel & Convention Center in Columbus.
Read More →CARMEL, IN – ADESA has promoted Tom Kontos and Paul Lips to executive vice presidents of the company's used-vehicle operations and will report directly to ADESA President and CEO Jim Hallett. Kontos will assume the role of EVP of customer strategies and analytics and Lips will serve as EVP of operations and finance.
Read More →FRANKLIN, TN – Last month, TPC Management Co. unveiled the vehicle remarketing industry-specific Customer Relations Management (CRM) product at the National Auto Auction Association (NAAA) Zone meeting in Bonita Springs, Fla. The Internet-based system, called JumpropeCRM, contains updated information on all major institutional vehicle sellers from across the country.
Read More →MEMPHIS, TN – Memphis Auto Auction's BBQ and Cars event is scheduled for May 15-19. The city-wide “Memphis in May Barbecue Festival” transforms downtown Memphis into the BBQ Mecca featuring world championship competitions, live music, and food.
Read More →WESTERVILLE, OHIO - Flexco Fleet Services, a provider of nationwide corporate vehicle remarketing and fleet services, has announced several enhancements to its Client Access tool, now labeled Virtual Sales Manager. Building on the successes from last year's upgraded platform, new programs include a fully-integrated Vehicle Identification Decoder, an enhanced Consignment Location Search feature, and a new Closed-Bid Auction Status application.
Read More →CARMEL, IN – ADESA, Inc. has announced that Warren Byrd has returned to the company as its executive vice president of corporate development.
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