CARMEL, IN and WESTCHESTER, IL – ADESA, Inc. has announced the closing of the acquisition of ADESA by a group of private equity funds consisting of Kelso & Company, GS Capital Partners, part of the principal investment area of Goldman Sachs, ValueAct Capital, and Parthenon Capital. As previously announced, ADESA stockholders will receive $27.85 per share in cash.
Read More →RICHMOND, VA – CarMax, Inc. has added a customer ratings and reviews feature on carmax.com, designed to help consumers make more informed car-buying decisions. By logging onto http://www.carmax.com/reviews, consumers can read and write reviews on specific makes and models included in CarMax's nationwide inventory.
Read More →ATLANTA – With Auto Auction Services Corp.'s (AASC) latest 4.0 version of LiveCRwriter, auctions receive an inventory management tool that collects the usage patterns of condition report writers at all participating auctions. This information is provided back to the auctions with a new, improved, tabbed interface.
Read More →BOCA RATON, FL – Vemark has launched a major update to its SalvageNow Web site. The site www.SalvageNow.com markets salvage vehicles to licensed buyers worldwide. This online auction solution allows businesses to trade online with other businesses seeking vehicles, removes geographical boundaries, and offers a full-service solution.
Read More →FORT WORTH, TEXAS – AmeriCredit Corp. has named Rawls Auto Auction in Leesville, S.C., as its 2006 Auction of the Year as part of the company's nationwide Auction of Excellence program.
Read More →WESTBURY, N.Y. – Repossessions and liquidations of tractor-trailer trucks rose nearly 8 percent in 2006 compared with 2005, according to Nassau Asset Management's NasTrac Quarterly Index (NQI). The company tracks equipment trends as part of its business providing collections, repossessions, and remarketing services to the nation's leasing and finance industry.
Read More →RICHMOND, VA – CarMax, Inc. has announced that Joe Kunkel, senior vice president, marketing and strategy, will present at the Lehman Brothers 10th Annual Retail Conference in New York.
Read More →ATLANTA – Manheim Auto Auction, in Manheim, Pa., will celebrate the official grand opening of its new reconditioning center April 19. The 200,000-sq.-ft. facility will house detail, paint and body, training, and mechanical shops all in one place.
Read More →ATLANTA – Manheim's Transport Solution was chosen by Professional Automotive Relocation Service, Inc., (PARS) to provide customized solutions, including transportation, storage, security, and detailing at more than 65 locations throughout the United States.
Read More →CARMEL, IN — Ford Motor Company recently named ADESA Buffalo as its 2006 Auction Quality Award recipient for the East 1 Region for the second consecutive year.
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