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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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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.
Read More →AutoTradeCenter, Inc. (ATC) announced the signing of a two-year agreement with Chase Manhattan Automotive Finance Corporation for the online grounding and purchase of off-lease portfolios before consignment to auction.
Read More →Remarketers who attend CAR at the Mandalay Bay Resort in Las Vegas on January 21-23 will have the opportunity to win a fabulous Oceania Cruise to an exotic destination of their choice.
Read More →Jupiter Research predicts that more than a third of all new car sales will be "Internet-generated" by 2008, saying more and more people will make their buying decisions because of information they've turned up online, whether the actual purchase takes place online or off.
Read More →The International Automotive Remarketers Alliance (IARA) will present its 2004 Circle of Excellence award to Mike Richardson, the retired CEO and president of the former ADT Automotive auction chain, which was broken up and sold to Manheim and ADESA in 2000.
Read More →ALLETE, Inc., announced that Cameron Hitchcock has been named chief financial officer of Indianapolis-based ADESA, which ALLETE intends to spin-off into a publicly traded company by mid-2004.
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