Edmunds.com an online resource for automotive information, reported that the average manufacturer incentive per vehicle sold in the United States set a new record of $2,885 per vehicle sold in July 2004, up $217, or 8.1 percent, from July 2003, and up $138, or 5.0 percent, from June 2004.
Automotive Capital Group, Inc., said it is now offering vehicles on eBay Motors with no credit check financing. The company is offering cars, trucks and SUVs on eBay Motors and is one of few to offer financing to eBay users regardless of credit score.
National Auto Research, publisher of Black Book’s vehicle appraisal guides, and Credit Union National Association (CUNA) are expanding the relationship they began in January 2000.
ADP Claims Services Group has expanded Autosource, a database of “for sale” vehicle valuation information, to include salvage check and state title information, powered by Experian Automotive’s AutoCheck.
ADESA Corp. has named Jason Ferreri to the position of executive director, national accounts.
After four years of decline due to higher prices for used vehicles, auto leasing is back on the rise and has accounted for nearly 14 percent of new-vehicle sales by Detroit automakers in the second quarter, up from about 8 percent last year, according to a recent L.A. Times article.
Chrysler Group reported year-to-date 2004 sales of Certified Pre-Owned Vehicles (CPOV) at 50,084 units, an increase of 13 percent compared to the same period in 2003 when 44,458 vehicles were sold.
The National Association of Fleet Resale Dealers (NAFRD) will hold its 2004 Annual Conference September 9-12 in Paradise Island, Bahamas, at the Atlantis Resort ( www.atlantis.com/ ). The conference will celebrate NAFRD’s 20th anniversary.
Nassau Asset Management's NasTrac Quarterly Index (NQI) has identified an increase in truck repossessions since first quarter.
Insurance Auto Auctions, Inc., reported higher net earnings for the quarter ended June 27, 2004.
The International Automotive Remarketers Alliance (IARA) elected a new slate of officers, effective January 2005 through 2007.
The ServNet Auction Group has announced that Fadi Hashem, a customer of Brasher’s Cascade Auto Auction, is the winner of the third qualifying heat in the ServNet Racing Team Victory Lane promotion.
AmeriCredit Corp. has recognized Tennessee Auto Auction and Portland Auto Auction as second-quarter winners of the Auction of Excellence award for the Southeast and West Coast regions, respectively.
ADESA Dallas has named Geoff Parker to the position of fleet/lease manager.
Auction Broadcasting Company (ABC) recently acquired a new auction facility, located on the north side of Atlanta in Cartersville, Ga.
The Conference of Automotive Remarketing drew a professional crowd that networked for business and cultivated industry friendships.
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