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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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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).
Read More →CarMax, Inc., a specialty retailer of used vehicles and Safe Smart Women, Inc. (S2W) announced that the CarMax Foundation has granted $100,000 to S2W, to advance S2W's driving safety campaign targeted to 16- to 26-year-old women in the Mid-Atlantic region.
Read More →Manheim announced that Bill Tiedemann has been named vice president of auction services.
Read More →Automobile Consumer Services, Inc. (ACS), a leader in online, direct-to-consumer auto leasing, has added a new service to its www.LeaseCompare.com Web site.
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 →Manheim has announced that Ricardo Torres has been promoted to assistant general manager of Caribbean Auto Dealers Exchange (Manheim’s Caribbean Subasta de Autos) in Bayamon, Puerto Rico.
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