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Operationsby StaffJuly 22, 2004

SGS Offers Dealers New Internet Sales Program

SGS Automotive Services and Ebay Motors have partnered to offer automotive dealers a turnkey service for the inspection and posting of used vehicles over the Internet.

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Operationsby StaffJuly 15, 2004

Copart Announces Technology Contracts with Wholesale Vehicle Auction Companies

Copart, Inc., has entered into contracts with 30 wholesale vehicle auctions, including six affiliated companies, to provide its proprietary VB2 auction technology for use in their auction process.

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Operationsby StaffJuly 15, 2004

ADESA Schedules Second Quarter Earnings Release, Conference Call

ADESA Inc. will announce its financial results for the quarter ended June 30, 2004 immediately after the financial markets close on Wednesday, July 21, 2004.

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Operationsby StaffJuly 15, 2004

Power Information Network Reports: Incentives on New Vehicles Fall in June

New-vehicle incentives decreased in June compared with a year ago, according to actual retail transaction data from the Power Information Network (PIN), LLC, an affiliate of J.D. Power and Associates.

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Operationsby StaffJuly 15, 2004

Auction Leaders Complete Triad’s Six Sigma Greenbelt Training

Auction leaders from around the country completed Six Sigma Greenbelt training held at Triad Financial’s corporate offices in Huntington Beach.

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Operationsby StaffJuly 15, 2004

ADESA Announces Redemption Of $125 Million Senior Notes

ADESA, Inc. announced the redemption of all of its $90 million 7.7 percent Senior Notes, Series A, due 2006 and all of its $35 million 8.1 percent senior notes, Series B, due 2010.

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Operationsby StaffJuly 15, 2004

IARA to Discuss Endorsement of New Industry Standard Vehicle Grading Scale

The International Automotive Remarketers Alliance (IARA) announced that the next IARA Roundtable event, designed to address the needs and priorities of vehicle remarketers, will be held July 21-23 at the Fairmont Hotel in downtown Chicago.

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Operationsby StaffJuly 15, 2004

Carfax Offers Special Rate on Vehicle History Reports in Effort to Help Texans Identify Stolen Vehicles

The Texas Department of Transportation reports that more than 100,000 vehicles are stolen every year in Texas, with more than 9,000 thefts occurring in the month of July alone. As a result, state authorities have designated July as Auto Theft Prevention Month. Carfax is offering consumers throughout Texas a discounted rate on its reports during this month in recognition of the program.

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Operationsby StaffJuly 15, 2004

Insurance Auto Auctions Acquires Mid-South Salvage and Opens Greenfield Facility in El Paso

Insurance Auto Auctions, Inc., a provider of automotive salvage and claims processing services in the United States, acquired Mid-South Salvage LLC, a 15-acre operation located in Jackson, Miss.

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Operationsby StaffJuly 15, 2004

Current Used Vehicle Market Conditions and Outlook

Average auction prices in June were up from year-ago levels for the fourth month in a row, but were lower than in May. According to ADESA Analytical Services’ monthly analysis of Wholesale Used Vehicle Prices by Vehicle Model Class, average auction prices in June were up 1.2 percent from year-ago levels, but down 1.5 percent relative to the previous month.

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