CenterOne Financial Services (CenterOne) announced on July 14, 2003, that it has entered into an agreement to manage pro-active lessee contact and vehicle remarketing of the Florida region lease portfolio for The Huntington National Bank (Huntington). Headquartered in Columbus, OH, Huntington provides indirect auto retail, lease and commercial lending products and services through more than 3,000
Read More →Automobile Consumer Services, Inc., (ACS) specializing in online, direct-to-consumer automotive leasing, has launched a new Web site, bringing consumers an online marketplace for late-model, used vehicles. The site, called FrontRowCars.com, offers vehicles which are available for purchase, finance, or lease.
Read More →DaimlerChrysler announced on July 22 that it has added a three-month/3,000-mile limited warranty to its Certified Pre-Owned Vehicle program. Units that qualify for the warranty already carry the seven-year/70,000-mile transferable new vehicle warranty, which includes 2003-model vehicles and those to come.
Read More →At first glance, it seems like any other summary of a very successful day at an auto auction: two sales achieve a 100 percent sale rate and average $2,000 per car over reserves. But the 50 dealers who attended the sales had never before been to an auction. In fact, it was the first-ever auction of its kind in the country where it took place — Thailand.
Read More →According to industry analyst Art Spinella, nationally, online sales of used cars topped 500,000 in May, and could hit 1 million a month by the end of the year. He added that two major advantages for the consumer of Internet sales are the wide selection and quick responses.
Read More →Based upon an analysis of wholesale used vehicle prices by model class, ADESA feels that a number of factors leads the company to believe that the worst is over for the used-car market.
Read More →The agenda for the IARA roundtable conference, to be held at the Downtown Marriott in Chicago, on July 23-24, 2003, is firming up.
Read More →ServNet has announced that Paul Rettenmaier has joined its staff as National Sales Manager.
Read More →— Luxury carmakers Mercedes-Benz USA and BMW Group have reported increases in sales for their certified used vehicle (CUV) programs.
Read More →— Insurance Auto Auctions has purchased the damaged vehicle division of Manheim’s Orlando Orange County Auto Auction in Orlando, Fla.
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