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NewsSeptember 9, 2004

Two New Members Elected to the IARA Board of Directors

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.

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Newsby StaffSeptember 9, 2004

ADESA Current Used Vehicle Market Conditions and Outlook

Average auction prices in August were up from year-ago levels for the sixth month in a row, but were lower than in July.

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NewsSeptember 9, 2004

Anglin Named Fleet/Lease Manager at Brasher’s Salt Lake

Lee Anglin of Braher’s Salt Lake Auto Auction has been promoted as the auction’s fleet/lease manager.

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NewsSeptember 9, 2004

CarMax Reports Second Quarter Sales; Expects Second Quarter EPS of Approximately 27 Cents

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.

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NewsSeptember 9, 2004

August Index Slips for Third Consecutive Month

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.

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Newsby StaffSeptember 2, 2004

AutoTrader.com Signs Exclusive Multi-Year Partnership with ABC’s Monday Night Football

www.AutoTrader.com/ has announced a two-year broadcast sponsorship of ABC’s Monday Night Football.

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NewsSeptember 2, 2004

ADESA Announces Spin-Off Date from ALLETE

ADESA, Inc. has announced that its majority stockholder, ALLETE, Inc., has established the record and distribution dates for the stock dividend of all ADESA shares currently owned by ALLETE.

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NewsSeptember 2, 2004

LeaseCompare.com Releases Top 10 Most Requested Vehicles List

Automobile Consumer Services, Inc. (ACS), a provider of online direct-to-consumer auto leasing, released a list of the top 10 most requested vehicles from its auto leasing website www.LeaseCompare.com/ for the second quarter of 2004.

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NewsSeptember 2, 2004

N.A.D.A. Teams With Experian Automotive

The N.A.D.A. Official Used Car Guide Company and Experian Automotive have formed a partnership that will provide N.A.D.A.'s customers seamless access to risk-reducing products.

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Newsby StaffSeptember 2, 2004

Manheim Continues Super Highline Sale Concept

Manheim hosted the automotive industry’s second-ever, nationwide super highline sales event on Wed., Aug. 25, called the “One Hundred Grander.”

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