LAKE SUCCESS, NY – Nissan Motors Acceptance Corporation has securitized approximately $80 million of electronic contracts originated and stored on the DealerTrack eContracting system. It was the first time in history that more than a limited amount of electronic contracts were included in an automotive securitization, according to DealerTrack.
Read More →ATLANTA – AutoTrader.com helped raise awareness and more than $120,000 for the St. Jude Children's Research Hospital by holding golf tournaments in 28 cities this past April through October.
Read More →RICHMOND, VA – In the wake of recent hurricanes and flooding, CarMax, Inc., a retailer of used cars, is advising consumers on how to avoid purchasing flood-damaged vehicles.
Read More →CARMEL, IN – ADESA Impact, a total loss vehicle auction subsidiary of ADESA, Inc., has acquired four independently owned salvage auctions. The acquisition of the "Ohio Connection," a group of Ohio salvage auction companies, expands ADESA Impact's regional coverage and is expected to be mildly accretive to ADESA's 2006 financial performance.
Read More →ATLANTA – Wholesale used-vehicle prices (on a mix, mileage, and seasonally adjusted basis) rose for the third consecutive month in October. The Manheim Index reading was 112.5 for October, up 5.7 percent from a year ago and up 9.9 percent for the cyclical low point in April 2003.
Read More →Trent Knox has joined Manheim's Fowles Auction Group in Australia as the national dealer consignment manager, it was announced on Nov. 2.
Read More →CARMEL, IN – ADESA, Inc. has reported its third quarter financial results for the period ended Sept. 30.
Read More →CAMPBELL, CA – IntelliChoice.com, a consumer automotive data resource, has announced the winners of the seventh annual ranking of certified pre-owned (CPO) manufacturer sponsored programs.
Read More →DELRAY BEACH, FL - As a follow-up regarding the response of FLD and company services during natural disasters, FLD today issued a statement that business carries on as usual despite damage to its offices in Delray Beach.
Read More →COSTA MESA, CA – The U.S. has been hammered with a record number of storms this season and it's estimated that more than 500,000 vehicles have been flood-damaged beyond repair.
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