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Operationsby StaffMay 12, 2005

Equipment Repossessions and Liquidations Rose in Q1, Marking First Major Increase Since 2002

WESTBURY, N.Y – There was a sizeable increase in equipment repossessions and liquidations during first quarter (Q1) 2005 compared with the same period in 2004, according to the Nassau Asset Management's NasTrac Quarterly Index (NQI).

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Operationsby StaffMay 12, 2005

Used-Vehicle Market Conditions Continue Steady Improvement in April

ATLANTA and CARMEL, IN — Average auction prices in April, according to ADESA Analytical Services' monthly analysis of wholesale used-vehicle prices by vehicle model class, were up 4.8 percent from year-ago levels.

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Operationsby StaffMay 4, 2005

Houston, Parker, & Kolb to Moderate IARA 2005 Remarketing Summer Roundtables

MT. ARLINGTON, NJ – The International Automotive Remarketers Alliance (IARA) will hold its 2005 Remarketing Summer Roundtable July 27-29, 2005, at the Embassy Suites Hotel Centennial Olympic Park in Atlanta.

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Operationsby StaffMay 4, 2005

ADESA Reports 1st Quarter 2005 Net Income of $35 Million

CARMEL, IN — ADESA, Inc., a publicly traded provider of wholesale vehicle auctions and used-vehicle dealer floorplan financing, on April 28 reported that for the first quarter 2005, the company reported net income of $35.0 million or $0.38 per share, on revenue of $244.0 million.

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Operationsby StaffMay 4, 2005

AFLA Announces Agenda for 2005 Conference with Emphasis on Remarketing

ST PAUL, MN — The Automotive Fleet & Leasing Association (AFLA) will hold its 2005 Annual Meeting & Conference Sept. 7-9, 2005, at the Marriott Camelback Resort, in Scottsdale, Ariz.

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Operationsby StaffMay 4, 2005

Insurance Auto Auctions Reported $5 Million Net Earning in First Quarter 2005

WESTCHESTER, IL – Insurance Auto Auctions, Inc. (IAA) a provider of automotive salvage and claims processing services, reported higher net earnings for the quarter ended March 27, 2005.

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Operationsby StaffMay 4, 2005

SGS Automotive Services and Auction123.com Launch Enhanced Internet Vehicles Listing Service

HUNTERSVILLE, NC – In an effort to enhance buyer confidence and trust in the accuracy of online vehicle listings, SGS Automotive Services and Auction123.com have launched ListAssure – a new service that combines Internet listings with independent vehicle condition reports to assist automotive dealers in increasing Internet sales volumes and profit margins.

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Operationsby StaffMay 4, 2005

Latest Study Confirms Vehicle Owners Destined to Stay 'Upside-Down'

IRVINE, CA – The latest study from Kelley Blue Book Marketing Research, New Vehicle Buyer Attitude Study on Financing, finds that six out of 10 people who are about to buy a new vehicle prefer a longer-term loan with low monthly payments when financing their next vehicle.

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Operationsby StaffMay 4, 2005

Manheim Auctions Take 10 of 13 Enterprise Awards

ATLANTA – Out of a total of only 13 recipients, Enterprise Rent-A-Car has given 10 of its 2004 Auction Achievement awards to Manheim auctions:

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Operationsby StaffMay 4, 2005

Chief Automotive Systems and Carfax to Develop New Products and Services for Safer Used Car Frames

FAIRFAX, VA – Carfax, a provider of vehicle history information, has formed a strategic partnership with Chief Automotive Systems.

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