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NewsSeptember 18, 2003

Non-Prime Auto Financing Survey Available

The National Automotive Finance Association (NAF Association) has published its Non-Prime Automotive Financing Study 2003.

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NewsSeptember 18, 2003

Automakers Are Fast Out of the Gate with 2004 Incentives, Says CarsDirect.com

CarsDirect.com, a multi-brand online car buying service, announced on Sept. 16 its September 2003 Best Bargains selections. Most notable this month is the generous number of rebates on newly released 2004 models.

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NewsSeptember 18, 2003

Lease Volume Down Another 7 Percent in 2002

The Association of Consumer Vehicle Lessors (ACVL) announced on September 15 that member leasing companies reporting both 2001 and 2002 volume had a total reduction in new leases from 2.02 million to 1.89 million.

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NewsSeptember 18, 2003

ABC Detroit/Toledo Auction to Develop Additional 30 Acres

The local zoning board in Perrysburg voted unanimously in favor of rezoning the land adjacent to ABC Detroit/Toledo auction from agricultural to commercial, which will enable it to develop another 30 acres for the auction.

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NewsSeptember 11, 2003

Cheryl Munce Named ADESA Impact President

ALLETE, Inc. (NYSE: ALE) announced today that Cheryl Munce has been named president of ADESA Impact, ALLETE’s total loss vehicle remarketing company based in Indianapolis.

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NewsSeptember 11, 2003

ABC West Michigan Introduces FasTraK featuring ABC SELECT

ABC West Michigan has launched FasTraK, a new program that features auction-guaranteed vehicles. FasTraK currently offers GM, Ford, and DaimlerChrysler products in a four-week rotation schedule with each manufacturer’s products having a different week. The auction plans to use the open week to highlight imports.

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NewsSeptember 11, 2003

GM Follows Chrysler with Incentives on 2004 Models

The pricing battle between the domestic automakers heated up and headed into its third year, as General Motors became the latest company to offer financing deals and rebates on new models.

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NewsSeptember 11, 2003

SGS Automotive Services Enhance Nationwide Coverage with Creation of Service Lines

SGS Auto Services, the nation’s largest vehicle inspection company, has created two new service lines as part of a strategy to enhance the vehicle condition reports that it provides for leading vehicle manufacturers and financial institutions nationwide.

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NewsSeptember 11, 2003

Quincy AA Goes Nationwide with AutoIMS

Situated on more than 20 acres just outside of Boston, Quincy Auto Auction considers itself ideally positioned for growth.

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NewsSeptember 11, 2003

In Memoriam: Claude Scoggins

NAAA received word that Claude Scoggins, 82, passed away on May 14, 2003.

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