GE Commercial Finance, Fleet Services has netted an additional $6.9 million in resale for out-of-service fleet vehicles since the start of its partnership with Carfax on Oct. 13, 2003. As part of the partnership, wholesale buyers purchasing used vehicles from Fleet Services have had access to extensive documentation on these vehicles’ past service and maintenance through Carfax Vehicle History Rep
Vehicle grading scales and performance benchmarking discussions will highlight the next International Automotive Remarketers Alliance (IARA) Roundtable, scheduled Feb. 16 at the Mandalay Bay Resort and casino in Las Vegas.
Manheim’s Detroit Auto Auction hosted the largest-ever Chrysler auction Oct 14 to celebrate 40 years of Manheim and DaimlerChrysler remarketing.
Manheim's President and CEO Dean Eisner announced that the company will host a conference featuring automotive industry analyst Maryann Keller at the Manheim Drive Center here Nov. 18. Other event highlights include:
Berta Phelps, vice president of best practices at Manheim, has been inducted into the National Auto Auction Association (NAAA) Hall of Fame.
Jennifer Maggart has been named national account manager for both the Kansas and Missouri Auto Auctions, reports owner Gregg Boswell. She will direct customer service activities for national consignors at both auction facilities, as well as develop new business.
Two of the nation’s auction market reports – Manheim’s Used Vehicle Value Index and ADESA’s Analytical Services – each provide a monthly analysis of the used-vehicle market conditions and an outlook commentary.
Buyers, sellers, and consignor representatives turned out in force to celebrate the August opening of Brasher’s Northwest Auto Auction’s all new facility in Eugene. The two-day event began with an open house during which owner John Brasher and general manager Lisa Larkin welcomed more than 450 customers for a tour of the auction’s new home.
Edmunds.com, reported that the average manufacturer incentives per vehicle sold in the United States was $3,146 in September 2004, up $425 or 15.6 percent from August 2004, and up $524 or 20.0 percent from September 2003. This is the highest industry average since Edmunds began tracking manufacturer incentives in January 2002, and Edmunds. believes incentives have never been higher.
Chrysler Group,demonstrating its growing presence within the Certified Pre-Owned Vehicle (CPOV) segment by offering one of the most comprehensive coverage packages for certified pre-owned vehicles, posted sales of 7,857 certified pre-owned vehicles September, an increase of 23 percent over September 2003 sales. Third quarter sales improved 18 percent to 23,877 units, while calendar year-to-date
Certified pre-owned (CPO) vehicles have become an increasingly significant part of automakers' sales and marketing programs. According to a new study conducted by New Jersey-based research and consulting firm, TechnoMetrica Market Intelligence, CPO sales are expected to reach approximately 1.6 million units by year's end, up significantly from the 516,000 units sold in 2000.
Atlanta-based DataScan Technologies, LLC has acquired Vehicle Inspection Services, Inc. (VIS), a full-service vehicle inspection company. DataScan, a provider of wholesale floorplan finance accounting and risk management systems and services, performs floorplan audits for banks, captives and other financial institutions throughout the U.S. The acquisition will allow DataScan to offer a wider ran
Manheim took home numerous awards from several of its national account sellers during the recent National Auto Auction Association’s (NAAA) annual convention in Nashville, Tenn.
Carfax a provider of vehicle history reports, has joined American Honda Motor Co. in support of the Honda and Acura Certified Pre-owned programs (CPO).
Wheels, Inc., recognized top regional remarketers at an awards meeting during the National Auto Auction Association's 56th Annual Convention held September 29-October 3 in Nashville, Tenn.
The Conference of Automotive Remarketing drew a professional crowd that networked for business and cultivated industry friendships.
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