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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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ADESA Charlotte won the 2002 "World Class Auction of the Year" award, presented by World Omni Financial Corp./CenterOne Financial Services ("World Omni/CenterOne").
Read More →Four industry associations representing retail lessors, automotive finance companies, fleet-lease companies, and car rental companies have announced they will co-sponsor the Conference of Automotive Remarketing (CAR), scheduled Jan. 21-24, 2004 at the Mandalay Bay Resort and Casino in Las Vegas.
Read More →The first NASCAR-themed sale by the Pennsylvania Auto Dealers’ Exchange (PADE) on July 23, 2003, set a new record for that week’s sale in the auction’s 46-year history.
Read More →When Ford Motor Co. sold vehicles via Simulcast for the first time at Manheim’s 166 Auto Auction in Springfield, MO, last month, it marked the second technological innovation that Ford and Manheim Auctions have teamed up to launch in the last two years.
Read More →Two of the automotive industry’s online vehicle information companies announced on July 29, 2003 a data sharing partnership. NADAguides.com, a leading vehicle information resource on the Internet, and Chrome Systems Corporation, a provider of automotive data, configuration technology and commerce solutions, teamed up to provide the automotive industry with a comprehensive database of new- and used
Read More →Automobile Consumer Services, Inc. (ACS), an online direct-to-consumer auto lessor, released a list of the top 10 most requested used vehicles from its auto leasing website www.LeaseCompare.com for the second quarter of 2003.
Read More →Toyota Financial Services announced on July 21 a new program that allows Toyota and Lexus dealers to buy off-lease vehicles online three to five days after the vehicles are turned in by lessees.
Read More →ADESA Mexico announced that Michel Gillies is its new general manager. ADESA Mexico is one of 54 wholesale vehicle remarketing auctions owned by Indianapolis-based ADESA Corp., an ALLETE company.
Read More →Saab Cars USA reported a record month for Certified Pre-Owned vehicles. Consumers purchased 997 pre-owned Saabs, a 165 percent increase over July 2002. This represents 23 percent of total monthly volume, a figure in-line with other entry luxury group CPO programs. Year-to-date Saab CPO sales are up 138 percent to 5,133 vehicles.
Read More →Donald V. Esmond, senior vice president and general manger of Toyota Division, will be the keynote speaker at the 2004 Conference of Automotive Remarketing (CAR), which will be held on Jan. 21-23, 2004 at the Mandalay Bay in Las Vegas. Esmond will speak on Tuesday, Jan. 22 on “Positioning Residuals, Certified Programs, and Direct-to-Dealer UC Sales.”
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