August Issue A Dealer’s Journal

Volume 1, Issue 3
E-Newsletter
Special Interest
A Dealer’s Journal August Issue E-Newsletter
Articles:
Insurance Auto Auctions Announces I-Buy FastSM
• Charleston Auto
Insurance Auto Auctions, Inc. the for a fixed price, allowing for live and live-online auctions,
Auction Pays You
leading hybrid model salvage auto additional options in the vehicle North America’s broadest
To Come Early & auction company announced the purchasing process. “Choice and salvage auction facility
Stay Late future launch of I-Buy Fast, a new flexibility are critical to the footprint, a strong global buyer
method for buyers to purchase an salvage auction process,” stated base and high vehicle returns.
• Jenny Craig available vehicle. I-Buy Fast will Tom O’Brien, CEO. “I-Buy Fast IAA’s over 150 corporate owned
Auctions Off Dead be a buying option accessible will expand selling and buying facilities across the United
Husbands Car through their online IAA Auction opportunities for our clients as States and Canada provide
Collection Center that allows qualified well as further support our goal vehicle suppliers and buyers
buyers to purchase vehicles of investment in our customer- with powerful solutions to
between auction dates that were centric hybrid auction model.” process and acquire total-loss,
run, but not sold. Although most The new buying feature, I-Buy recovered-theft, fleet lease,
vehicles are bid on and sold in Fast, will launch in late Q3 as a donation and rental vehicles.
their first run through an auction, complement to IAA’s Hybrid The IAA Hybrid Auction
there are some that do not sell. Auction Model combining live Model, including live, live-
When the product is launched and live-online auctions. I-Buy online and proxy bidding, united
later this summer, vehicle sellers Fast will also enhance buyers’ with their mature global buyer
will be able to choose to sell those ability to purchase vehicles at base and diverse inventory,
A Dealer’s vehicles through I-Buy Fast, anytime from anywhere in the produce some of the industry’s
therefore, providing additional world. Insurance Auto Auctions, highest returns for vehicle
Journal exposure, potentially reducing Inc. provides the advantage in providers. With over 26 years in
cycle time and increasing selling salvage auto auctions with their the industry, IAA holds the most
opportunities. And, buyers will be hybrid auction model combining comprehensive warehouse of
“The Complete able to immediately buy vehicles salvage auction data.

Dealers AMERICA’S AUTO AUCTION, INC. Welcomes Industry Veteran

Steve Piccinati As Senior Vice President
Information
AMERICA’S AUTO AUCTION, Repossession and Remarketing. Austin, TX; Tulsa, OK, Greenville,
Guide” INC. announced that industry Prior to his tenure with Bank of SC, Pittsburgh, PA, and
veteran Steve Piccinati has joined America, his assignments Jacksonville, FL. Each is a member
the company as Senior Vice included National Director of of the National Auto Auction
A Nationwide President. The announcement was
made by Ben Lange, President of
Fleet and Remarketing for
Hyundai Motors, Vice President
Association and corporate
headquarters are in Dallas, Texas.
Automotive the auction group. “We are very of National Remarketing for Additional information can be
pleased to welcome Steve to AutoNation, and multiple found at
Publication America’s Auto Auction,” said leadership roles at Nissan Motor [Link].
Lange. “He brings with him Corporation. His extensive
tremendous knowledge and background in the auto industry
expertise, as well as the trust and began in 1978 at Ford Motor
respect of colleagues in both the Company. Piccinati is a
national consignor and auction graduate of the University of
sectors. Steve will be an invaluable California, Irvine, with a
asset to our executive management bachelor’s degree in economics
team. We expect him to have an and statistics. In addition, he
immediate impact as we continue to holds an MBA degree from
execute our geographic and Azusa Pacific University.
industry segment expansion America's Auto Auction, Inc. is
strategies.” Piccinati comes to the fastest growing auto auction
America’s Auto Auction, Inc. from company in the country with
Bank of America, where he served seven locations including
for 11 years as vice president of auctions in: Dallas, Houston, &
A Dealer’s Journal E-Newsletter Page 2 of 4
IT PAY$ TO COME EARLY & STAY LATE AT THE
CHARLESTON AUTO AUCTION
Charleston Auto Auction a bidder badge to qualify present, you instantly
continues to fill its dealer’s for a special version of become $10,000 richer. If
pockets with cash. Would you the game “Deal or No your name is pulled and you
like some extra spending Deal” where you can win are not present, you will
money? How about up to $1,000 before the receive a voided check in the
$1,000……how about sale even starts!!! Also, mail for $10,000 along with
$10,000? Charleston Auto every Friday at the a letter letting you know you
Auction is giving away cold conclusion of the sale is missed out on a big pay day.
hard cash every Friday and the LATE BIRD Remember, to avoid
all you need to do is show up DRAWING. One dealers receiving this voided check
to win. That’s right, just name is pulled from a and kicking yourself in the
show up! Every Friday at barrel of registered butt, come to the Charleston
10:00am is Charleston Auto Charleston Auto Auction Auto Auction every Friday!
Auction’s EARLY BIRD dealers. If your name is CHARLESTON AUTO
DRAWING. All you need is pulled and you are AUCTION “Count On Us!”

JENNY CRAIG OFFERS HUSBAND’s CELEBRITY OWNED

CARS AT AUCTION
Classic Car New Zealand Franklin D. Roosevelt bullet-resistant glass
has a consignment of 14 toured California during his attributed to Al Capone’s
vehicles with impeccable second re-election Chicago mob. The collection
Hollywood credentials, campaign in the Craig’s is balanced with a Mercedes-
from the collection of the 1935 Lincoln Model K V- Benz 300SL Gullwing Coupe
late Sidney Craig and his 12 Phaeton. Other formerly owned by Clark
wife, Jenny Craig. The Hollywood celebrities are Gable, the famous Flajole
collection’s headline car is represented by the Ghia Forerunner concept car, a
the 1933 Duesenberg 6.4L Coupe owned by Gary Cadillac V-12 Dual Cowl
Model J Torpedo Victoria Morton later modified for Phaeton and a Bentley 3.5
Convertible, first owned by its second owner Dean Litre Park Ward Drophead
cinema cowboy William Martin, George Barris, and Coupe built for Frederick
Boyd. With mechanically Frank Sinatra’s rare and Charles Stewart of John
operated folding top by delectably preserved 1958 Brown & Co. Ltd., Glasgow,
Rollston, this is an Cadillac Eldorado builder of the Cunard liners
important example of open Brougham. A 1931 Ford 'Queen Mary' and 'Queen
coachwork on the majestic Model A Roadster is the Elizabeth' .Bonhams is
Duesenberg Model J most modest car in the excited to offer them to a
chassis. Another mythical Craig collection. No less new generation of collectors
Hollywood cowboy, Tom interesting is a 1930 of thoroughbred motorcars at
Mix, previously owned the Cadillac 452 V-16 Sedan Quail Lodge in Carmel
1937 Cord 812 outfitted with 1/4” steel Valley, California, during the
Supercharged Phaeton armour plating and five-ply international Monterey Car
being offered, and President
Week.
Bizarre Accident Claims Life In N. Toledo At
Goodwill Auto Auction
A freak accident in north
Auction. Police said it old pinned between the cab
Toledo auction claimed the door of his semi and another
appeared Mr. Rabideau was
life of an elderly man. trailer. He was dead at the
moving a trailer close to
It happened off LaGrange scene. "The clearances back
two other trailers.
on a property rented to there are real close. With that
Apparently, after getting
several businesses. Toledo out of the cab of the tractor door open, and it's a little bit
Police say 77-year-old he was operating with the of an incline, it caused the
Gerald T. Rabideau died driver's door open, the rig tractor to roll and pin him,"
when he was pinned rolled back and pinned him said Sgt. Bill Wauford with
between the door of a between the door of the the Toledo Police Department.
semi tractor and a trailer tractor and the next trailer. No foul play is suspected.
at Goodwill Auto A neighbor found 77-year-
 Page 3 of 4 A Dealer’s Journal E-Newsletter
Pension Benefit Guaranty Corp. To Cover
Metaldyne
The Pension reorganization. statement on its
Benefit Guaranty The pension plan Web site.
Corp. said it will covers about Assumption of the
take responsibility 10,770 workers plan's unfunded
for the and retirees of the liabilities will
underfunded Plymouth-based increase claims on
pension plan of company that the PBGC by $153
Metaldyne Corp., makes metal million. Metaldyne
an auto-parts components, the is owned by Japan-
supplier in pension agency based Asahi Tec
bankruptcy said in a Corp.

Discord With Germany Could Bankrupt General Motor

Co.'s Opel Unit
General Motors International Inc., fighting Magna's
Co.'s Opel unit may the Canadian car- bid because they're
be forced into parts maker concerned about
bankruptcy if the preferred by losing control of
automaker and the Germany, according some patents. The amid the worst recession
German to the people, who German since World War II.
government fail to asked not to be government, which
agree on a buyer, named because the agreed to provide
according to three position of the trust $2.1 billion in
people close to the isn't public. The short-term loans
trust that controls officials favor either for the sale, picked
the division. The RHJ International Magna as its
trust's five-member SA as the winner or preferred bidder to
board doesn't back pushing Opel into protect Opel jobs
an offer by Magna insolvency, they said.
GM negotiators are
 A Dealer’s Journal E-Newsletter Page 4 of 4

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