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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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Insurance Auto Auctions (IAA), a salvage auction company, recently opened a new greenfield facility in Tucson, Ariz., reported Auto Remarketing News.
Read More →Hertz Car Sales, an Oregon- and Washington-based franchise of the Hertz rental-car company, plans to open a used-car lot near the Salem airport with space for 300 vehicles, reported the Statesman Journal.
Read More →A close-knit, Chicago-area family who began restoring torn and faded leather, vinyl, and other fabrics on-site has announced plans to tap into a series of new markets and expand their franchise.
Read More →Last June’s partnership between Remarketing Solutions and Allied Solutions have led to several hosted meetings with credit unions at metropolitan Manheim locations across the U.S.
Read More →The 2004 IARA Remarketing Roundtable Series, designed to address the needs and priorities of vehicle remarketers, is slated to kick off January 21, immediately prior to the 2004 Conference of Automotive Remarketing (CAR), at the Mandalay Bay Hotel and Casino in Las Vegas.
Read More →The city of New Bedford has placed a one-year moratorium on the sale of used-car licenses as it attempts to create a new ordinance that will prevent "fly-by-night" operators from receiving licenses, according to the Standard-Times newspaper.
Read More →Manheim has announced that John Deck and Mike Mosier have been named assistant general managers at Georgia Dealers Auto Auction. Deck formerly served as factory and fleet/lease manager at Denver Auto Auction in Aurora, Colo., while Mosier was the Northeast regional controller for Manheim.
Read More →Following action taken by the New York state Attorney General's office, Fuccillo Ford of East Greenbush, NY, has agreed to pay more than $30,000 in restitution for failing to disclose to customers the true history of some of the used vehicles it sold, according to WXXA TV in Albany.
Read More →Creative use of new remarketing techniques has enabled companies with large portfolios of used vehicles to maintain used-car values in the face of the pricing challenge posed by heavy incentives on new cars, said Manheim president and CEO Dean Eisner.
Read More →ALLETE, Inc., announced that Cameron Hitchcock has been named chief financial officer of ADESA, which ALLETE intends to spin-off into a publicly traded company by mid-2004.
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