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Operations•by Staff•October 2, 2003

Resale Improves as Used-Vehicle Supply Decreases By Mike Antich

A reduced inventory of used vehicles in the wholesale market has helped to stabilize resale values, contributing to four consecutive months of improved prices from June to September.

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Operations•by Staff•October 2, 2003

ServNet Enters Internet Remarketing Agreement with AutoTradeCenter

ServNet and AutoTradeCenter have announced the formation of a strategic remarketing partnership for online vehicle sales using ATC’s Internet auction platform.

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Operations•by Staff•September 26, 2003

Atlanta Auto Auction Receives World Omni and CenterOne’s 2002 “World Class Cyberlot Auction of the Year” Award

The 2002 “World Class Internet Auction of the Year” award was recently presented to Greger Roner, auction general manager of Atlanta Auto Auction, Atlanta, Ga., by World Omni Financial Corp. and its CenterOne Financial Services division (World Omni/CenterOne).

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Operations•by Staff•September 25, 2003

GM Certified Used Vehicles Introduces 3.9 Percent APR Fall Incentive Program

GM Certified Used Vehicles has launched a nationwide fall incentive program to drive consumer interest, generate traffic to GM Certified Used Vehicles dealers and increase sales.

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Operations•by Staff•September 25, 2003

Drive Financial & ServNet Develop Certification Programs

Drive Financial Services and ServNet have introduced a two-tiered certification program, designed to enhance sales of Drive Financial vehicles at ServNet auctions.

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Operations•by Staff•September 25, 2003

Toyota Sells One-Millionth Certified Used Vehicle

Toyota Motor Sales U.S.A., Inc., announced the sale of its one-millionth Toyota Certified Used Vehicle, a 2002 Camry, making Toyota the first single-line manufacturer to reach the million-vehicle sales mark with a certified used-car program.

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Operations•by Staff•September 25, 2003

Mitsubishi Names Tocci to Oversee Fleet and Remarketing Operations

Mitsubishi Motors North America has named Michael Tocci to oversee MMNA’s U.S. sales operations, dealer development, distribution, logistics, fleet, and remarketing.

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Operations•by Staff•September 25, 2003

ADESA Dallas Body Shop Manager Receives Top Body Shop Award

ADESA Corp. has awarded Randy Bednarek of ADESA Dallas the company's Top Shop Award for running an outstanding body shop.

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Operations•by Staff•September 18, 2003

Lease Volume Down Another 7 Percent in 2002

The Association of Consumer Vehicle Lessors (ACVL) announced on September 15 that member leasing companies reporting both 2001 and 2002 volume had a total reduction in new leases from 2.02 million to 1.89 million.

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Operations•by Staff•September 18, 2003

ABC Detroit/Toledo Auction to Develop Additional 30 Acres

The local zoning board in Perrysburg voted unanimously in favor of rezoning the land adjacent to ABC Detroit/Toledo auction from agricultural to commercial, which will enable it to develop another 30 acres for the auction.

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