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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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Wholesale prices for used fleet vehicles were stable from June through August.
Read More →GM Certified Used Vehicles announced a special promotion that will provide three months of OnStar Safe and Sound service for customers who purchase OnStar-equipped GM Certified Used Vehicles between Aug. 1, 2004 and Jan. 31, 2005.
Read More →ADESA Inc. has hired merger specialist George Lawrence to be executive vice president, general counsel, and secretary.
Read More →Fourth Fleet Financial has added three executives to its management team and received an infusion of cash from El Dorado Ventures.
Read More →Michael Lisk, sales executive at SGS Automotive Services, Inc., and Virgil Matczk, regional sales manager at Auction Broadcasting Company, were recently elected to the International Automotive Remarketers Alliance (IARA) Board of Directors.
Read More →Average auction prices in August were up from year-ago levels for the sixth month in a row, but were lower than in July.
Read More →Lee Anglin of Braher’s Salt Lake Auto Auction has been promoted as the auction’s fleet/lease manager.
Read More →CarMax, Inc. total sales for the second quarter ending August 31 rose 7 percent to $1.32 billion from $1.24 billion in the same period last year.
Read More →The Manheim Used Vehicle Value Index slipped from 106.5 in July to 106.2 in August, marking the third consecutive monthly decline in wholesale used-vehicle prices on a mix, mileage, and seasonally adjusted basis.
Read More →www.AutoTrader.com/ has announced a two-year broadcast sponsorship of ABC’s Monday Night Football.
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