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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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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.
Read More →Edmunds.com, an Internet resource for consumer automotive information, has released its top best-value choices in the used vehicle market.
Read More →ALLETE, Inc., majority owner of vehicle remarketer ADESA, Inc., has completed the sale of its remaining 72 water and wastewater systems to Aqua America, Inc. and Seminole County, Fla. for a total of $18 million.
Read More →The National Automobile Dealers Association (NADA) has proclaimed October "Booster Seat Safety Month."
Read More →The Association of Consumer Vehicle Lessors (ACVL) has announced that member leasing companies reported a total reduction in new leases from 2 million in 2002 to 1.6 million in 2003.
Read More →The International Automotive Remarketers Alliance (IARA) will hold its next IARA Roundtable event, designed to address the needs and priorities of vehicle remarketers, July 21-23 at the Fairmont Hotel in downtown Chicago.
Read More →The National Association of Fleet Resale Dealers (NAFRD) will hold its 2004 Annual Conference “NAFRD Gone Platinum” September 9-12 in Paradise Island, Bahamas, at the Atlantis Resort (www.atlantis.com).
Read More →DaimlerChrysler Services North America has announced an addition to its benchmark remarketing services with the introduction of Internet simulcast auction technology available to all Chrysler Financial and Mercedes-Benz Credit dealers at used-car auctions.
Read More →Infiniti, the luxury division of Nissan North America, announced on June 17 that it has launched an enhanced Infiniti Certified Pre-Owned Program (CPO).
Read More →Auto retailer CarMax Inc. posted flat earnings amid disappointing used-car sales, and the company said that second-quarter earnings are expected to be weaker than analysts expected.
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