Associations offer auction training
EAST WINDSOR, Conn. - The National Automobile Dealers Association Dealer Academy and the National Auto Auction Association will conduct auto auction training Aug. 27-29 at Southern Auto Auction.
The course will teach vehicle appraising, buying and selling techniques, inventory controls and reconditioning. The training will include classroom study and a mock auction.
Nissan alters Web listing
HONOLULU - Nissan Motor Corp. in Hawaii Ltd. expects to cut in half the remarketing time for its retired rental vehicles by listing the vehicles on the Internet while the vehicles are en route to the mainland.
With the current process, which includes shipping the vehicles across the Pacific Ocean to California, storage and auction can take up to 60 days, said Don Mackintosh, Nissan Hawaii manager of fleet and remartketing.
The new plan calls for the vehicles to be listed for sale on Autodaq Corp.'s online auction when they are loaded onto ships. The vehicles that sell online will be transported directly to the buyer from the shipping yard, cutting an average of 30 days out of the process, Mackintosh said.
It's an Ugly business
PHOENIX - Ugly Duckling Corp., which sells older, as-is used vehicles to people with bad credit, has purchased about 200 late-model retired rental vehicles from Daewoo Motor America Inc. to sell at its used-car dealerships.
Steve Rice, Ugly Duckling's director of inventory, said the Daewoo vehicles are all 2000 models, have about 12,000 to 18,000 miles on their odometers and are covered by a portion of their original 3-year/36,000-mile warranties.
Most of the vehicles for sale at Ugly Duckling's 77 stores are 4 to 8 years old and retail for $8,500 to $9,000, Rice said.
The Daewoo vehicles are retailing for 'over $10,000' he said.
The Daewoo cars are being sold at Ugly Duckling stores in Florida, Texas, Georgia and Texas. The company also has stores in California, New Mexico, Nevada and Arizona.