Lease Volume Down Another 20 Percent in 2003
The Association of Consumer Vehicle Lessors (ACVL) has announced that member leasing companies reported a total reduction in new leases from 2 million in 2002 to 1.6 million in 2003.
The Association of Consumer Vehicle Lessors (ACVL) has announced that member leasing companies reported a total reduction in new leases from 2 million in 2002 to 1.6 million in 2003.
The National Automobile Dealers Association (NADA) has proclaimed October "Booster Seat Safety Month."
The National Association of Fleet Resale Dealers (NAFRD) will hold its 2004 Annual Conference “NAFRD Gone Platinum” September 9-12 in Paradise Island, Bahamas, at the Atlantis Resort ( www.atlantis.com ).
DaimlerChrysler Services North America has announced an addition to its benchmark remarketing services with the introduction of Internet simulcast auction technology available to all Chrysler Financial and Mercedes-Benz Credit dealers at used-car auctions.
The International Automotive Remarketers Alliance (IARA) will hold its next IARA Roundtable event, designed to address the needs and priorities of vehicle remarketers, July 21-23 at the Fairmont Hotel in downtown Chicago.
Auto retailer CarMax Inc. posted flat earnings amid disappointing used-car sales, and the company said that second-quarter earnings are expected to be weaker than analysts expected.
Infiniti, the luxury division of Nissan North America, announced on June 17 that it has launched an enhanced Infiniti Certified Pre-Owned Program (CPO).
GE Commercial Finance, Fleet Services, has partnered with Remarketing Solutions, a wholly owned subsidiary of Manheim, to develop a direct-to-employee online remarketing channel.
BenchMark Consulting International, an international management consulting firm to the financial services industry, announced the results of the 2004 Consumer Credit Collections Study, which revealed a slight decrease in the overall average consumer loan dollar delinquency rate, a rise in the overall charge-off rate, and a decline in the recovery rate, year over year.
Manheim’s 2004 Used-Car Market Report (UCMR) won the Gold Pen Award – the highest honor given by the Nashville, Tenn., chapter of the International Association of Business Communicators (IABC) at its annual awards program June 10.
The International Automotive Remarketers Alliance (IARA) announced that the next IARA Roundtable event, designed to address the needs and priorities of vehicle remarketers, will be held July 21-23 at the Fairmont Hotel in downtown Chicago.
ADESA, Inc. has announced its initial public offering of 6,250,000 shares of common stock at a price of $24 per share, all offered by the company.
Mercedes-Benz USA reported on June 2 its best month ever for its Mercedes-Benz Certified Pre-Owned program with sales of 5,512 units, an increase of 11.1 percent over May 2003.
Manheim has announced that Hatfield Auto Auction in Hatfield, Pa., marked its 40th year with DaimlerChrysler by selling all 1,000 vehicles that ran across the block at its Home Run Derby sales event held June 10.
Auction Management Solutions, Inc. (AMS), has announced the availability of OnLine RingRep, a new module in the OnLine Ring suite of products, which expands an auction’s ability to allow remote sellers to represent their cars without physically being at the auction.
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