One Million Vehicles Offered Via Simulcast in 2003
In 2003, its first full year in operation, more than 21,000 unique dealers attended Manheim sales via Simulcast an average of 5-6 times and recorded more than 307,000 online bids.
In 2003, its first full year in operation, more than 21,000 unique dealers attended Manheim sales via Simulcast an average of 5-6 times and recorded more than 307,000 online bids.
More than 70 franchised dealers and buyers met online last month to purchase more than 400 factory-owned BMWs during a first-of-its-kind Manheim Simulcast Cinema sale, said Used Car News.
Last June’s partnership between Remarketing Solutions and Allied Solutions have led to several hosted meetings with credit unions at metropolitan Manheim locations across the U.S.
A close-knit, Chicago-area family who began restoring torn and faded leather, vinyl, and other fabrics on-site has announced plans to tap into a series of new markets and expand their franchise.
Hertz Car Sales, an Oregon- and Washington-based franchise of the Hertz rental-car company, plans to open a used-car lot near the Salem airport with space for 300 vehicles, reported the Statesman Journal.
Insurance Auto Auctions (IAA), a salvage auction company, recently opened a new greenfield facility in Tucson, Ariz., reported Auto Remarketing News.
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.
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.
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.
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.
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.
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.
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.
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.
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.
The Conference of Automotive Remarketing drew a professional crowd that networked for business and cultivated industry friendships.
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