WASHINGTON, D.C. -- Data from the Federal Trade Commission (FTC) indicate online auction scams are widespread and growing, according to a recent report in the Atlanta Journal-Constitution. Private party auto auctions, particularly on eBay, rank high among the hoaxes.
Read More →DETROIT -- GM and Ford throttled back incentives on new cars and trucks slightly Nov. 2 after steep discounts in September and October helped the automakers pare down inventories of remaining 2004 models, according to an article in the Detroit News newspaper.
Read More →ATLANTA –Manheim will host a unique Ford Factory sale Nov. 11 at Lauderdale-Miami Auto Auction (LMAA) with inventory of special interest to taxi and livery companies.
Read More →IRVINE, CA and REDWOOD CITY, CA -- Dealix Corporation, an automotive Internet marketing service announced that Dealix´s InvoiceDealers new car buying service will have featured placement on the Kelley Blue Book website. Under the terms of the agreement, Dealix Member Dealers will receive highly qualified new-car leads from the Kelley site, www.kbb.com, an Internet automotive information resource.
Read More →PHOENIX -- DriveTime, a chain of used-car dealerships catering to consumers with credit problems, plans to expand to 100 locations by the end of 2006, according to the Arizona Republic newspaper.
Read More →IRVINE, CA – December 31 is the deadline for taxpayers to write off the fair market value of a vehicle donated to charity. Under new legislation effective January 1, taxpayers must use the vehicle´s actually sale price from wholesale auction in deductions for vehicle charitable donations.
Read More →INDIANAPOLIS - Auction Broadcasting Company (ABC), LLC, expands its presence in Florida with the acquisition of the Fort Pierce Auction from BSC America, announced Michael Hockett, CEO of ABC and Raymond Nichols, BSC CEO. Located in Fort Pierce, Fla., the auction has been renamed ABC Southeast Florida.
Read More →GE Commercial Finance, Fleet Services has netted an additional $6.9 million in resale for out-of-service fleet vehicles since the start of its partnership with Carfax on Oct. 13, 2003. As part of the partnership, wholesale buyers purchasing used vehicles from Fleet Services have had access to extensive documentation on these vehicles’ past service and maintenance through Carfax Vehicle History Rep
Read More →ADESA Inc. is ready to grow now that it is spun off from ALLETE Inc., company executives told Automotive News.
Read More →Vehicle grading scales and performance benchmarking discussions will highlight the next International Automotive Remarketers Alliance (IARA) Roundtable, scheduled Feb. 16 at the Mandalay Bay Resort and casino in Las Vegas.
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