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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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Rising gasoline prices continued to weigh on overall consumer confidence in the United States last week, according to an ABC News/Money Magazine poll recently published in the Associated Press.
Read More →AutoTrader.com has announced the appointment of Hal Greene to senior vice president of sales.
Read More →Pennsylvania Auto Dealers’ Exchange (PADE) drew a record crowd to its recent second annual Big Boys’ Toys Sale.
Read More →Two employees recently celebrated their 20-year anniversaries at State Line Auto Auction and were honored with a special ceremony at the beginning of the sale.
Read More →ALLETE, Inc., announced that it has completed the sale of its North Carolina-based water and wastewater systems, Heater Utilities, Inc., to Aqua America, Inc. for $48 million in cash and the assumption of approximately $28 million in debt by Aqua America.
Read More →Jodie Carlstrom has been promoted to the position of factory manager at Tri-State Auto Auction, Fargo.
Read More →Manheim has announced that Lynn Morgan has been named executive director of the new Manheim DRIVE (Development, Research, Innovation, Vision, Excellence) Center, which is slated to open in fall 2004.
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 →As Congress moves closer to tightening the income tax break for vehicle donations, the owner of a Crestwood auto auction is leading a national coalition of businesses fighting the proposed changes, reported the Daily Southtown newspaper.
Read More →The trend of longer indirect loan terms (especially over 60 months) is continuing, according to the Consumer Bankers Association's (CBA) 2004 Automobile Finance Study.
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