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.
Read More →Auction leaders from around the country completed Six Sigma Greenbelt training held at Triad Financial’s corporate offices in Huntington Beach.
Read More →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.
Read More →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.
Read More →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.
Read More →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.
Read More →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.
Read More →A recently released Association of Consumer Vehicle Lessors survey reveals that member leasing companies reported a total reduction in new leases from 2 million in 2002 to 1.6 million in 2003.
Read More →Manheim has promoted Sal Cuomo to assistant general manager of Baltimore-Washington Auto Exchange in Elkridge, Md. He previously served as institutional manager of Newburgh Auto Auction in Newburgh, N.Y.
Read More →ALLETE, Inc., majority owner of vehicle remarketer ADESA, Inc., has completed the sale of its remaining 72 water and wastewater systems to Aqua America, Inc. and Seminole County, Fla. for a total of $18 million.
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