Auctioneer Dean Kruse's money woes continue
Auburn, Ind., auctioneer Dean Kruse has been ordered by a local court to pay more than $1.3 million to an Indiana bank, and a leasing company has asked a federal judge to repossess Kruse's 1985 Cessna jet, which had been insured at $3.5 million. 11:54 am U.S. ET | Nov. 19
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Independent auditors found that Barrett-Jackson Auction Co. complied with proper auction practices during the 2008-2009 season, the company said on Thursday. 2:29 pm U.S. ET | Oct. 2
An initial public offering by the owner of used-car auction giant ADESA may raise the parent company’s credit rating, Standard & Poor’s said. KAR Holdings Inc. 12:01 am U.S. ET | Sept. 16 | UPDATED: 9/16/09 5:21 p.m. ET
Wholesale used-vehicle prices will continue to rise through the end of the year as a sellers' market holds its momentum, said ADESA's chief market analyst. 12:01 am U.S. ET | Sept. 8 | UPDATED: 9/9/09 12:55 p.m. ET
Several former Chrysler executives and dealers are helping recruit rejected Chrysler and General Motors dealerships to establish a used-car chain called AutoStar Superstore. The plan is to open the first five stores Oct. 12:01 am U.S. ET | Aug. 24
Dealers can now buy used vehicles offered for sale on GMAC Financial Services' SmartAuction Web site any time of the day or night, as part of an upgrade of the online remarketing channel. 4:09 pm U.S. ET | Aug. 11
CASH FOR CLUNKERS CHAOS
Used-vehicles prices in July rose for the seventh consecutive month, according to the monthly Manheim Used Vehicle Value Index. The index in July stood at 115.4, up 5.0 percent from the year-ago month. 4:12 pm U.S. ET | Aug. 7
REMARKETING
Though the overall economy will remain weak, used-vehicle sales will continue to rise in the second half of the year, a new midyear study from Manheim predicts. 12:00 pm U.S. ET | Aug. 3
Used vehicle sales are hitching a ride on the cash-for-guzzlers bandwagon, some dealers say. But others caution that the program will hurt the used-vehicle market down the road. 4:13 pm U.S. ET | July 29
THE NEW CHRYSLER
The Automotive Lease Guide bumped up residual values for all three Chrysler brands in July, primarily because of the automaker's rapid exit from bankruptcy. 10:16 am U.S. ET | July 9
THE NEW CHRYSLER
Chrysler Group would have to affix stickers on its used cars warning customers of liability risks, under federal rule changes requested by consumer groups. 2:18 pm U.S. ET | July 7 | UPDATED: 7/8/09 1:25 p.m. ET
Buyers and sellers of wholesale used vehicles are benefiting from rising used-vehicle prices, but the underlying causes for the increases are “universally bad,” says one industry analyst. 3:32 pm U.S. ET | July 7