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Operations•by Staff•January 15, 2004

AutoTradeCenter Signs Internet Remarketing Contract with Chase Manhattan Automotive Finance Corporation

AutoTradeCenter, Inc. (ATC) announced the signing of a two-year agreement with Chase Manhattan Automotive Finance Corporation for the online grounding and purchase of off-lease portfolios before consignment to auction.

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Operations•by Staff•January 15, 2004

Remarketers Given a Chance to Win Dream Vacations and Other Prizes at the Upcoming 2004 Conference of Automotive Remarketing (CAR)

Remarketers who attend CAR at the Mandalay Bay Resort in Las Vegas on January 21-23 will have the opportunity to win a fabulous Oceania Cruise to an exotic destination of their choice.

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Operations•by Staff•January 15, 2004

Events Schedule Full for 2004 IARA Remarketing Roundtable in Las Vegas

The 2004 IARA Remarketing Roundtable Series, designed to address the needs and priorities of vehicle remarketers, is slated to kick off January 21, immediately prior to the 2004 Conference of Automotive Remarketing (CAR), at the Mandalay Bay Hotel and Casino in Las Vegas.

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Operations•by Staff•January 15, 2004

NY Dealer to Pay Restitution for Non-Disclosure of Used Vehicles' History as Rental Units

Following action taken by the New York state Attorney General's office, Fuccillo Ford of East Greenbush, NY, has agreed to pay more than $30,000 in restitution for failing to disclose to customers the true history of some of the used vehicles it sold, according to WXXA TV in Albany.

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Operations•by Staff•January 15, 2004

Remarketing is Key to Maintaining Used-Car Values in Era of New-Car Incentives, Says Manheim CEO Dean Eisner

Creative use of new remarketing techniques has enabled companies with large portfolios of used vehicles to maintain used-car values in the face of the pricing challenge posed by heavy incentives on new cars, said Manheim president and CEO Dean Eisner.

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Operations•by Staff•January 15, 2004

ADESA Names Cameron Hitchcock Chief Financial Officer

ALLETE, Inc., announced that Cameron Hitchcock has been named chief financial officer of ADESA, which ALLETE intends to spin-off into a publicly traded company by mid-2004.

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Operations•by Staff•January 15, 2004

Manheim Announces Management Changes at Georgia Dealers Auto Auction

Manheim has announced that John Deck and Mike Mosier have been named assistant general managers at Georgia Dealers Auto Auction. Deck formerly served as factory and fleet/lease manager at Denver Auto Auction in Aurora, Colo., while Mosier was the Northeast regional controller for Manheim.

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Operations•by Staff•January 15, 2004

Used-Car Sales Licenses Frozen for One Year

The city of New Bedford has placed a one-year moratorium on the sale of used-car licenses as it attempts to create a new ordinance that will prevent "fly-by-night" operators from receiving licenses, according to the Standard-Times newspaper.

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Operations•by Staff•January 8, 2004

Rob Chesney from eBay Motors to Join CAR 2004 as Luncheon Keynote

Rob Chesney, director, national sales of eBay Motors, will be the luncheon keynote speaker at the 2004 Conference of Automotive Remarketing (CAR), which will be held on Jan. 21-23 at the Mandalay Bay Resort and Casino in Las Vegas. Chesney will speak about “Breaking Barriers” in the remarketing industry on Tuesday, January 22.

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Operations•by Staff•January 8, 2004

Nationwide Auction Systems Lease Disposition Centers

Due to overwhelming demand for a better lease termination disposition channel, Nationwide Auction Systems has created a first-of-its-kind lease turn-in center for financial institutions, manufacturers, and lease companies.

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