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Operationsby StaffMay 26, 2005

Vehicle Inspection Services Joins IARA

ALPHARETTA, GA - Vehicle Inspection Services (VIS) has joined the International Automotive Remarketers Alliance (IARA).

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Operationsby StaffMay 26, 2005

CarMax to Arrange New Credit Facility

RICHMOND, VA – CarMax, Inc. has signed a commitment letter with Bank of America N.A. and Banc of America Securities LLC to arrange a new $350 million to $400-million credit facility in which Bank of America N.A. has committed to lend up to $150 million.

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Operationsby StaffMay 26, 2005

Late Pope John Paul's Car Up for Auction

AUBURN, IN – A car that once was Pope John Paul II's personal vehicle will be auctioned off in June, according to the Associated Press.

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Operationsby StaffMay 19, 2005

Flexco Fleet Services Hires Two New VPs

WESTERVILLE, OHIO – Flexco Fleet Services announced that it has appointed Dave Selz to vice president information technology and Mike Kirila to vice president of sales and marketing.

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Operationsby StaffMay 19, 2005

ADESA, Inc. Conducts First Annual Meeting of Stockholders

CARMEL, IN – ADESA, Inc. recently conducted its first annual meeting of stockholders since becoming a publicly traded company last June.

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Operationsby StaffMay 19, 2005

Manheim Auctioneers Show Skills at World Championships

ATLANTA – Manheim-sponsored auctioneers placed in the top four positions at the 2005 World Auctioneer Championships held at Manheim's Dallas Auto Auction on April 23, including champion Spanky Assiter of Dallas.

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Operationsby StaffMay 19, 2005

Wells Fargo Auto Finance to Provide Dealers with Wear and Use Waiver Option

SAN FRANCISCO – Wells Fargo Auto Finance Group said today that it will offer a waiver to protect against expenses for lease-end damage, wear and use.

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Operationsby StaffMay 19, 2005

Insurance Auto Auctions Named as Finalist for Computerworld Honors Program 21st Century Achievement Award

WESTCHESTER, IL – Insurance Auto Auctions, Inc. (IAA) has been named as a finalist for the 21st Century Achievement Award from the Computerworld Honors Program for its use of information technology in the finance, insurance, and real estate category.

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Operationsby StaffMay 19, 2005

CBA Study Reveals Automobile Loan Terms Stretched While Credit Quality Improved

ARLINGTON, VA – Automobile loan terms continue to stretch to help make monthly payments affordable, while credit quality improved, according to the Consumer Bankers Association's (CBA) 2005 Automobile Finance Study.

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Operationsby StaffMay 19, 2005

West Virginia Stops Taxing Wholesale Auto Auctions After Complaint

CHARLESTON, WV - Owners of Charleston Auto Auction had to pay sales taxes on buying and selling fees for auctioned vehicles when sales taxes are typically not charged on wholesale transactions between two businesses, reported the Charleston Gazette-Mail newspaper.

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