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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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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 →Despite the growth in certified pre-owned (CPO) programs, the concept of used-vehicle certification remains under appreciated by most consumers, largely leaving dealers to shoulder the responsibility of communicating the benefits of certification, according to a J.D. Power and Associates 2004 Used Vehicle Sales and Certification study.
Read More →Two new members, Canadian Remarketing Group, which will participate in all committees excluding Membership and Vehicle Standards, and Insurance Auto Auctions, which will participate in the Industry Associations and Ethics Committees, recently joined IARA.
Read More →Manheim hosted a sales event May 5 called the “One Hundred Grander.” Most of the vehicles that were offered were expected to sell for at least $100,000 each.
Read More →Auction Broadcasting Company (ABC) recently announced the creation of its MotorSports Division, initially featuring bimonthly sales at its ABC Indianapolis facility.
Read More →Kent Pace has been appointed as national sales development manager for Toyota Financial Services/Lexus Financial Services.
Read More →Manheim has announced that six of its auctions have won Auction Achievement Awards from Enterprise Rent-A-Car for their performance in 2003.
Read More →AutoTrader.com, the world’s largest automotive marketplace, today announced the appointment of Alan Smith to Regional Vice President - West.
Read More →Manheim has announced that Central Florida Auto Auction in Orlando, Fla., San Diego Auto Auction in Oceanside, Calif., 166 Auto Auction in Springfield, Mo., and Ohio Auto Auction in Grove City, won four of five of the Auction Quality Awards presented by Bank of America for their performance in 2003.
Read More →The FBI recently indicted 17 men in the Northeast for allegedly misrepresenting mileage on approximately 10,000 used-vehicle odometers.
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