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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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Insurance Auto Auctions, Inc., a provider of automotive salvage and claims processing services in the United States, acquired Mid-South Salvage LLC, a 15-acre operation located in Jackson, Miss.
Read More →The Texas Department of Transportation reports that more than 100,000 vehicles are stolen every year in Texas, with more than 9,000 thefts occurring in the month of July alone. As a result, state authorities have designated July as Auto Theft Prevention Month. Carfax is offering consumers throughout Texas a discounted rate on its reports during this month in recognition of the program.
Read More →The International Automotive Remarketers Alliance (IARA) announced that the next IARA Roundtable event, designed to address the needs and priorities of vehicle remarketers, will be held July 21-23 at the Fairmont Hotel in downtown Chicago.
Read More →ADESA, Inc. announced the redemption of all of its $90 million 7.7 percent Senior Notes, Series A, due 2006 and all of its $35 million 8.1 percent senior notes, Series B, due 2010.
Read More →Auction leaders from around the country completed Six Sigma Greenbelt training held at Triad Financial’s corporate offices in Huntington Beach.
Read More →New-vehicle incentives decreased in June compared with a year ago, according to actual retail transaction data from the Power Information Network (PIN), LLC, an affiliate of J.D. Power and Associates.
Read More →Copart, Inc., has entered into contracts with 30 wholesale vehicle auctions, including six affiliated companies, to provide its proprietary VB2 auction technology for use in their auction process.
Read More →ADESA Inc. will announce its financial results for the quarter ended June 30, 2004 immediately after the financial markets close on Wednesday, July 21, 2004.
Read More →A recently released Association of Consumer Vehicle Lessors survey reveals that member leasing companies reported a total reduction in new leases from 2 million in 2002 to 1.6 million in 2003.
Read More →Manheim has promoted Sal Cuomo to assistant general manager of Baltimore-Washington Auto Exchange in Elkridge, Md. He previously served as institutional manager of Newburgh Auto Auction in Newburgh, N.Y.
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