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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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Carl Miskotten, co-founder of Auction Broadcasting Company (ABC), announced on July 21, 2003 that he will be selling his interest in the company to Mike Hockett, the other co-founder, and to ABC.
Read More →CenterOne Financial Services (CenterOne) announced on July 14, 2003, that it has entered into an agreement to manage pro-active lessee contact and vehicle remarketing of the Florida region lease portfolio for The Huntington National Bank (Huntington). Headquartered in Columbus, OH, Huntington provides indirect auto retail, lease and commercial lending products and services through more than 3,000
Read More →A pilot program between Wal-Mart and Asbury Automotive here to sell used cars at Wal-Mart Supercenters ended on July 11, 2003, because the volume of customer traffic did not meet expectations. Asbury Automotive, the country’s fourth-largest automobile retailer, shut down its Price 1 Auto Stores at Wal-Mart stores in Richmond, Uvalde, Pasadena and Orange, TX.
Read More →Doron Levin, columnist for Bloomberg News, says that prices of used cars have been falling faster than those of new cars, widening the gap between them. He added that that is bad news if you own a used vehicle or plan to trade one in. But it could be an advantage for those in the market and willing to consider buying a slightly used car instead of a new one.
Read More →— Insurance Auto Auctions has purchased the damaged vehicle division of Manheim’s Orlando Orange County Auto Auction in Orlando, Fla.
Read More →— Luxury carmakers Mercedes-Benz USA and BMW Group have reported increases in sales for their certified used vehicle (CUV) programs.
Read More →— ADESA Houston announced on June 25 that Rick Mowrer is its new general manager.
Read More →Based upon an analysis of wholesale used vehicle prices by model class, ADESA feels that a number of factors leads the company to believe that the worst is over for the used-car market.
Read More →– ADESA Ocala recently announced that Jeff Raynor, previously employed as the assistant general manager at ADESA Jacksonville, is its new general manager.
Read More →— Colorado dealer Dwayne Dodd defeated Georgia dealer Randle Smith for the position of president-elect of the National Independent Automobile Dealers Association (NIADA) by one vote.
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