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Company Offers Finance Option For Cash-Generating Operations |
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Written by Ted Craig
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Thursday, 13 November 2008 18:18 |
The credit crunch has provided a boom for small business lender On Deck Capital.
The company focuses on financing small businesses with high cash flow. On Deck provides up to $100,000 for a one-month term.
The money is used for everything from inventory to marketing.
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Total Resource Auctions Partners with Pro-Tech Auction in Michigan |
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Friday, 07 November 2008 13:39 |
Total Resource Auctions has partnered with Pro-Tech Auction’s locations in Flint and Belleville, Mich., bringing the number of Total Resource Auction locations to 58, TRA President Jamie Porter announced.
Pro-Tech Auction CEO and co-founder Gary Lisowski will continue to run operations at the co-branded facilities. Pro-Tech Auction President Darrell “Butch” Ibach Jr. will serve as a consultant and will continue to lead business development initiatives.
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Insurance Auto Auctions Lobbies for Changes to Out-of-State Bidding Regulations |
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Wednesday, 06 August 2008 21:05 |
On Aug. 6. Insurance Auto Auctions Inc. (IAA) announced the passage of Illinois House Bill 5204. The bill addresses both purchase privileges for out-of-state buyers and salvage certificates for unrecovered theft vehicles in the state of Illinois.
IAA participated in the effort to revise the bill and lobbied for its passing. The bill would bring changes to the Illinois Vehicle Code and Auction License Act to allow licensed out-of-state salvage buyers to participate in auctions in the state without having to secure an Illinois Out-of-State Salvage Vehicle Buyer's ID Card.
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Total Resource Auctions Acquires Texas Salvage Pool |
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Monday, 04 August 2008 16:49 |
On Aug. 4, Total Resource Auctions (TRA) announced the acquisition of Central Cities Auction Pool in Temple, Texas. With this acquisition, TRA now has 56 locations, including five in Texas. Carroll Estes, president of Central Cities Auction Pool, will continue to run the operation with his wife, Annette, and son, Chad. He’s expected to eventually resume additional responsibilities within the TRA organization.
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LKQ's Net Income Rises 121 Percent in Second Quarter |
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Written by David Piestrzynski
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Monday, 04 August 2008 14:29 |
LKQ Corp. reported a 121-percent increase in net income for the second quarter of 2008.
The company, which sells new and recycled auto parts at 300 locations across the country, reported a net income of $31 million for the quarter ended June 30. For the same period last year, LKQ’s net income was $14 million.
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Liberty Mutual Makes Total Loss Information Available to Consumers |
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Thursday, 24 July 2008 12:42 |
It happens all across the country: people purchase used cars without realizing they were totaled in crashes, floods and other disasters. These buyers end up paying more than the car is worth, facing steep repair bills, and driving potentially unsafe vehicles.
To protect consumers from this fate, Liberty Mutual, the nation's eighth-largest car insurer, is providing Carfax with its data on every car declared a total loss and sold for salvage for the past five years and going-forward. This information is then disclosed to the buyer on a Carfax vehicle history report.
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Copart Sues For Access to Inventory Management System |
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Written by David Piestrzynski
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Thursday, 17 July 2008 15:46 |
Copart Inc. filed a lawsuit against the owners of an electronic vehicle network it's been trying to access.
On July 15, the Fairfield, Calif. auto salvage auction company filed an antitrust lawsuit alleging that Auto Auction Services Corp. (AASC) unfairly denied it the use of AutoIMS.
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