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Used Vehicle Prices Climb Higher As Sales Pace Slows
The higher prices at used retail reflect strong wholesale values earlier in the spring, particularly for older, more affordable vehicles.
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SEARCHMENUSEARCHThe higher prices at used retail reflect strong wholesale values earlier in the spring, particularly for older, more affordable vehicles.
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Tarry Shebesta, president of Automobile Consumer Services, Inc. (ACS), will be speaking at the national Automotive Leasing Management Forum.
Read More →Auction General Manager Tory Miran has announced that Idaho Auto Auction has earned Bank of America’s Auction of the Year Award for 2003.
Read More →Auction Management Solutions, Inc. (AMS), has announced the availability of OnLine RingRep, a new module in the OnLine Ring suite of products, which expands an auction’s ability to allow remote sellers to represent their cars without physically being at the auction.
Read More →Manheim has announced that Hatfield Auto Auction in Hatfield, Pa., marked its 40th year with DaimlerChrysler by selling all 1,000 vehicles that ran across the block at its Home Run Derby sales event held June 10.
Read More →Mercedes-Benz USA reported on June 2 its best month ever for its Mercedes-Benz Certified Pre-Owned program with sales of 5,512 units, an increase of 11.1 percent over May 2003.
Read More →Carolina Auto Auction, Inc., recently celebrated its 14-year anniversary with more than 2,000 vehicles and $100,000 in cash and prizes.
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. has announced its initial public offering of 6,250,000 shares of common stock at a price of $24 per share, all offered by the company.
Read More →The ServNet Auction Group has announced another offer aimed at encouraging new dealer registrations for the ServNet Victory Lane Racing Team, a loyalty program that ServNet initiated in February of this year.
Read More →Average auction prices in May were up from year-ago levels for the third consecutive month and were also higher than in April. Prices for vehicles seven model years old or less increased by 5.7 percent over prior year ($11,043 versus $10,453 – a difference of almost $600).
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