Private Equity Funds to Buy ADESA Auction for $2.5 Billion
NEW YORK – Vehicle auction company, ADESA Inc., will be acquired by a group of private equity funds for roughly $2.5 billion.
NEW YORK – Vehicle auction company, ADESA Inc., will be acquired by a group of private equity funds for roughly $2.5 billion.
TORRANCE, CA – The 12th Annual Conference of Automotive Remarketing (CAR) will be held Feb. 28 - March 1, 2007, at Caesars Palace in Las Vegas.
DEARBORN, MI - John V. Felice, general marketing manager, Ford Division, has been named to replace Hal Feder as director of Ford North American Fleet, Lease & Remarketing Operations.
John V. Felice, general marketing manager, Ford Division, has been named to replace Hal Feder as director of Ford North American Fleet, Lease & Remarketing Operations.
It’s been said that a critical fleet function is to ‘produce’ the best used vehicle possible. Here are ‘production’ strategies to help fleet managers turn their raw materials into marketable finished products.
The FASB and IASB have put a new leasing project on their agendas. The outcome will be the creation of one leasing standard applied worldwide. Is this the beginning of the end of off-balance sheet accounting for fleet leases?
Vehicle reconditioning, transportation, and arbitration issues were key topics at the remarketing organization’s mid-year conference in San Diego.
Some claim average returns of $1,000 over wholesale. The tradeoff is the time spent researching pricing, managing listings, and building a reliable reputation.
Examined are the implications of the Sarbanes-Oxley Act on fleet incentive monies that are not capitalized into the cost of a vehicle, the sale of out-of-service vehicles to employees, and process controls for decentralized fleets.
Through Black Book’s Commercial Value Xpress service, fleet managers can now accurately benchmark vehicle resale performance against an industry average index, set at 100 percent.
Automotive Lease Guide’s Fleet Residuals model provides fleet managers with accurate used-vehicle value projections based on historical auction resale trends, seasonality depreciation rates, and incentive levels.
Through LeasePlan’s reDrive! upstream remarketing program, powered by Driveitaway, Philips Medical Systems’ fleet has increased net realization by $106,000 as of mid-February 2006, selling 159 vehicles.
The inventory of used vehicles in the wholesale market continues to lag buyer demand, boosting resale values across the board when compared to sale results same time last year.
Emkay found that its closed-end lease portfolio may be the best customer for its Fleet Exchange program. The company expects to remarket upstream as many as 50 percent of its off-lease vehicles.
The new channel provides employees of GE Commercial Finance Fleet Services customers with easy access to out-of-service vehicles.
The secure and easy all-access connection to your content.
Bookmarked content can then be accessed anytime on all of your logged in devices!
Already a member? Log In