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Not every dent, scratch, or mechanical issue is worth fixing before selling a fleet vehicle. Learn how to weigh repair costs, resale value, market demand, and downtime to determine when reconditioning pays off and when selling as-is makes more sense.
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Out-of-service vehicles sitting idle cost companies time, money, and space. New upstream remarketing programs can minimize days to sell and generate savings.
Read More →PORTLAND, OR – Chrome Systems Inc. has released additional comparison functionality in its Carbook Fleet Edition tool, a Web-based, multi-user vehicle pricing and configuration system made specifically for fleet sales and purchasing teams.
Read More →CARMEL, IN – ADESA, Inc. has announced that Glass, Lewis & Co., an independent voting advisory service, recommends ADESA stockholders vote for the company's proposed merger with KAR Acquisition, Inc., at the Mar. 28 Special Meeting of Stockholders.
Read More →LONG BEACH, CA – Tokio Marine, part of the $32 billion Millea Holdings, Inc., has acquired a 15-percent interest in Alliance Inspection Management (AIM), a national, independent third-party inspection company.
Read More →NEW YORK – Hearst Corp. has acquired private technology company Veretech, LLC, which operates online vehicle trade-in and sales lead generation applications now used by more than 2,000 consumer retail Web sites, manufacturer sites, and Web portals.
Read More →MT. LAUREL, N.J. – Automotive Resources International (ARI), has added ARITruckDirect to its remarketing program.
Read More →DETROIT – Mark Mathews will replace Jeffrey S. Heichel as director of GM's used-vehicle activities. Mathews came from GM Holding and has a finance background.
Read More →GAINESVILLE, GA – Finance Express' has added Black Book to its FEX inventory management solution. FEX fully integrates regional, national, and local lenders into the dealer management system with accounting, collections, buy-here-pay-here, and inventory management capabilities.
Read More →FREDERICK, MD – The 10th annual auction industry survey released by the National Auto Auction Association, Inc. (NAAA) pegs sales of used vehicles at NAAA member auctions at 9.5 million units valued at $86.9 billion.
Read More →CARMEL, IN – A slowing economy and weak retail demand combined late last year to cause a year-over-year decline in wholesale vehicle prices in the last two months of 2006.
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