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The Iranian conflict and rising gas prices inject much uncertainty into the future wholesale used vehicle markets, as higher gas prices soak up spendable income from vehicle buyers.
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Carfax a provider of vehicle history reports, has joined American Honda Motor Co. in support of the Honda and Acura Certified Pre-owned programs (CPO).
Read More →Wheels, Inc., recognized top regional remarketers at an awards meeting during the National Auto Auction Association's 56th Annual Convention held September 29-October 3 in Nashville, Tenn.
Read More →Manheim took home numerous awards from several of its national account sellers during the recent National Auto Auction Association’s (NAAA) annual convention in Nashville, Tenn.
Read More →Atlanta-based DataScan Technologies, LLC has acquired Vehicle Inspection Services, Inc. (VIS), a full-service vehicle inspection company. DataScan, a provider of wholesale floorplan finance accounting and risk management systems and services, performs floorplan audits for banks, captives and other financial institutions throughout the U.S. The acquisition will allow DataScan to offer a wider ran
Read More →Certified pre-owned (CPO) vehicles have become an increasingly significant part of automakers' sales and marketing programs. According to a new study conducted by New Jersey-based research and consulting firm, TechnoMetrica Market Intelligence, CPO sales are expected to reach approximately 1.6 million units by year's end, up significantly from the 516,000 units sold in 2000.
Read More →Chrysler Group,demonstrating its growing presence within the Certified Pre-Owned Vehicle (CPOV) segment by offering one of the most comprehensive coverage packages for certified pre-owned vehicles, posted sales of 7,857 certified pre-owned vehicles September, an increase of 23 percent over September 2003 sales. Third quarter sales improved 18 percent to 23,877 units, while calendar year-to-date
Read More →Edmunds.com, reported that the average manufacturer incentives per vehicle sold in the United States was $3,146 in September 2004, up $425 or 15.6 percent from August 2004, and up $524 or 20.0 percent from September 2003. This is the highest industry average since Edmunds began tracking manufacturer incentives in January 2002, and Edmunds. believes incentives have never been higher.
Read More →The International Automotive Remarketers Alliance (IARA) announced that its online remarketing education modules are available for use through the Northwood University online adult education program.
Read More →Wheels Inc. presented its Remarketing Vendor Awards at the National Auto Auction Association’s (NAAA) 56th Annual Convention and Expo held on Sept. 29-Oct. 3, 2004 in Nashville.
Read More →In a move that signals increased industry adoption of its financing solution, Fourth Fleet Financial, an auto financing company, has expanded its agreement with Remarketing Services of America, Inc. (RSA), a unit of Fiserv.
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