Columbus Fair Auto Auction is pleased to introduce Gary Burkeen as our new Dealer Sales Manager. Welcome to the CFAA team Gary!

The Federal Trade Commission will host its second roundtable to gather information on consumers’ experiences in the sale and financing of motor vehicles at dealerships. The roundtable will be held in San Antonio, Texas, on August 2-3, 2011, and will cover topics regarding military consumers’ experiences in buying and financing motor vehicles, the role of financial literacy in consumers’ understanding of that process, and fair lending issues.The Federal Trade Commission will host its second roundtable to gather information on consumers’ experiences in the sale and financing of motor vehicles at dealerships. The roundtable will be held in San Antonio, Texas, on August 2-3, 2011, and will cover topics regarding military consumers’ experiences in buying and financing motor vehicles, the role of financial literacy in consumers’ understanding of that process, and fair lending issues.

The FTC held its first roundtable on consumer protection issues involving dealership sales and financing of cars, SUVs, and light trucks, in Detroit in April 2011. A third roundtable is expected to be held in the coming months.

The FTC release states “Buying or leasing a car is among the most expensive transactions that many consumers make. Financing obtained at a dealership may provide benefits for many consumers, such as convenience, special manufacturer-sponsored programs, access to a variety of banks and financial entities, or access to credit otherwise unavailable to a buyer. Dealer-arranged financing, however, can be a complicated, opaque process and could potentially involve unfair or deceptive practices.”

The roundtable will be held at St. Mary’s University School of Law, Classroom Building, One Camino Santa Maria, San Antonio, Texas. The first day will cover the issues of military consumers and financial literacy; the second day will cover fair lending. The roundtable is free and open to the public.

Pre-registration is not required but is encouraged to help staff plan the event. Details can be found at http://www.ftc.gov/bcp/workshops/motorvehicles/. The FTC will offer a live webcast of the event. The Commission staff will identify and invite people with relevant expertise to participate and may invite others to participate who have submitted requests. Those who want to be panelists at the roundtable may e-mail their name and affiliation toMotorVehicleRoundtables2@ftc.gov, on or before July 15, 2011.

The EPA issued fuel pump labeling and other requirements for gasoline blends containing more than 10 percent and up to 15 percent ethanol (known as E15) to help ensure E15 is properly labeled and used by consumers.  The new orange and black label must appear on fuel pumps that dispense E15 and is designed to inform consumers about which vehicles can use E15.

Remember, E15 fuel is not for use in vehicles from the 2000 model year and older.  It is also not designed for motorcycles or off-road units such as boats and snowmobiles and off-road equipment such as lawnmowers and chain saws.

Google is working in partnership with Ford to produce a fuel efficient car using Google’s Predictive API. The system would “learn” driver’s patterns, predict destinations, and then suggest routes that are energy efficient and tailored to driver and vehicle.

If so, you will have to do your homework and shop around to get a good deal. Bloomberg reports that automakers reduced spending on discounts & incentives to US customers in April by 14% to an average $2,320 per vehicle, the lowest level in 5 years.

CNW Research reports that franchise dealers enjoyed their strongest April for used-car sales in five years selling 1.32 million used vehicles, up 10.7% from April 2010.  Independent dealers saw an increase of over 17% selling 1.33 million units.  There were also 1.04 million casual sales of vehicles, up 8%. Overall, there were 3.69 million used vehicles sold last month, improving 12.3% over last year and 47.6% over last month.

This Week at Columbus Fair Auto Auction
Wednesday, February 9th 2011
Lane Schedule: (Please Note: Tows for Lease and Dealer Units begin at 8:45 in Lane 2. Tows for Repo Sale begin at 12:00 in Lane 1) you must be present to bid on these units. All other lanes available to you Online with Online Ringman
GM-FACTORY, LEASE & DEALER CONSIGNMENT SALES (DEALER ONLY AUCTIONS)
Lane 3: Dealer Units Starting at 9:00 A.M., X-lane Vehicles, 2002 or Newer / 70,000 Miles or less, all makes and models. (Dealers Only Auction)
Lane 4: Hyundai Factory Open Sale Starting at 9:00A.M. Run #’s LL 3000 – LL 3200 (Open to all Dealers)
Lane 4: Dealer Units, Starting after the Hyundai Factory Open Sale, Run #’s 4 0001-4 9999 Dealer units 2004 & 2005 80.000 miles or less, all makes and models. (Dealer only Auction)
Lane 5: Dealer Units Starting at 9:00 A.M. Run #’s 5 0001-5 9999 Dealer special High percentage sellers Dealers only Auction.
Lane 6: Lease Sale Units, Starting at 9:00 A.M. Run #’s LL 0001- LL 0500 Featuring Sellers: GMAC, Chase Bank ARI, Smart lane Vehicles, and Miscellaneous Lease vehicles (Dealer only Auction)
Lane 7: GM Factory Closed Sale Starting at 9:30 A.M. Run #’s GM 0500- GM 0750 Featuring: Buick, Hummer, Pontiac GMC, Pontiac Saab units. (Closed Factory Sale you must be authorized GM Dealer to purchase in this sale.)
Lane 8: GM Factory Closed Sale Starting at 9:30 A.M. Run #’s GM 0751- GM 0999 Featuring: Chevrolet Units (Closed Factory Sale you must be authorized GM Dealer to purchase in this sale.)
Lane 9: Highline Sale starting at 9:30 A.M. Special Highline vehicles from Chase Bank and Dealer High Line Units Run #’s HL 1250- HL 1500
Lane 9: Dealer Units Dealer Consignment Sale, 1998 – 1997 any make or model Starting at 9:30 A.M. Run #’s 09 0001-09 0999 (Dealer Only Auction)
Lane 10: Chase Lease Sale, Starting at 9:00 A.M. Run #’s LL 2000- LL 2100 (Dealer Only Auction)
Lane 10: Dealer Consignment Sales: S-Sonic, Budget Run # S 0100- S 0300, Followed by SP Cars Germain Dealership Run #’s SP 0001- SP0100 Followed by G Units: Any make any model units Run #’s G 0301- G 0500 H-Cars Lindsey Honda Units Run #’s H 201-H 300 All Starting after the Chase (all units in this sale lane are an dealer only auction)

BANK REPO SALES (OPEN TO DEALER’S AND PUBLIC BUYERS)
Lane 1: Repo Sale 1: Featuring: AMERICREDIT Vehicles, Starting at 12:00 Noon, Run #’s R 4001-R 4149 (Open to Dealers and Public Buyers)
Lane 2: Repo Sale 2: Featuring: SANTANDER Vehicles, Starting at 12:00 Noon, Run #’s R 4150-R 4299 (Open to Dealers and Public Buyers)
Lane 3: Repo Sale 3: Featuring: Columbus Mortgage Inc, Columbus Finance Inc, Park National Bank, First Merit Bank, First Investors, Wells Fargo, Security National, Vinton County Credit Union, Central Ohio Credit Corporation, Fairfield National Bank, Ohio Health Credit Union, United Acceptance, Auto Portfolio Services, LLC, Windsor Remarketing, Auto Finance, SST Systems & Services, Coastal Credit LLC, BMI Federal Credit Union, Guardian Finance, Community America Credit Union, State Highway Patrol Credit Union, Kemba Federal Credit Union Plus many more, Starting at 12:00 Noon, Run #’s R 4300-R 4500 (Open to Dealers and Public Buyers)

If you can’t attend in person Buy Online! To Register for ONLINE RINGMAN, Please Contact Steve Micotto at 614-497-5464 or Cheryl Walters at 614-497-5415.
Hotel and Airfare Assistance available for more information please contact our telemarketing team at 614-492-2168

Columbus Fair Auto Auction is running nearly 2,000 vehicles for this week … in the Lane, Online Buying or Selling the Place to be The Columbus Fair Auto Auction.

Today the OIADA put on their first official training at the new Resource Center across the hall from their office. It was sold out with all the 30+seats filled! Great job to Jim, Christine & LJ. While displaying the products & services we market we had an opportunity to talk to the dealers. I had many say that the setting was very dealer friendly due to it being on a more personal level. They also liked the opportunity to check out various services available to them of which were on display. One statement comes to mind….It’s a 1 stop learn & shop deal here guys & gals! Make sure you get booked in for the next one. Some dealers have already got their spot reserved. No hype! Do it now!! Blessings!

This Week at Columbus Fair Auto Auction
Wednesday, February 2nd 2011
Lane Schedule: (Please Note: Tows for Lease and Dealer Units begin at 8:45 in Lane 2. Tows for Repo Sale begin at 12:00 in Lane 1) you must be present to bid on these units. All other lanes available to you Online with Online Ringman

LEASE AND CONSIGNMENT SALES (DEALER ONLY AUCTIONS)

Lane 3: Dealer Units Starting at 9:00 A.M., X-lane Vehicles, 2002 or Newer / 70,000 Miles or less, all makes and models. (Dealers Only Auction)
Lane 4: Kia Factory Open Sale Starting at 9:00A.M. Run #’s LL 1700 – LL 1800 (Open to all Dealers)
Lane 4: Dealer Units, Starting after the Kia Factory Open Sale, Run #’s 4 0001-4 9999 Dealer units 2004 & 2005 80.000 miles or less, all makes and models. (Dealer only Auction)
Lane 5: Dealer Units Starting at 9:00 A.M. Run #’s 5 0001-5 9999 Dealer special High percentage sellers Dealers only Auction.
Lane 6: Lease Sale Units, Starting at 9:00 A.M. Run #’s LL 0001- LL 0500 Featuring Sellers: GMAC, ARI, Smart lane Vehicles, and Miscellaneous Lease vehicles (Dealer only Auction)
Lane 7: H-Consignment Featuring units from Lindsay Honda. Starting at 9:00 A.M. Run #’s H 0300-H 400 (Dealer only Auction)
Lane 7: Lane 7 Dealer Consignment Starting after the H-Consignment vehicles Dealer units 2003 and older or over 100,000 miles Run #’s 7 0001-7 0300 (Dealer Only Auction)
Lane 8: Dealer Consignment Sales: S-Sonic, Budget Run # S 0100- S 0300, Followed by SP Cars Germain Dealership Run #’s SP 0001- SP0100 Followed by G Units: Any make any model units Run #’s G 0301- G 0500 All Starting after the Chase Lease sale. (Dealer Only Auction)

BANK REPO SALES (OPEN TO DEALER AND PUBLIC BUYERS)

Lane 1: Repo Sale 1: Featuring: GMAC Vehicles, Starting at 12:00 Noon, Run #’s R 4001-R 4115 (Open to Dealers and Public Buyers)
Lane 2: Repo Sale 2: Featuring: Santander Vehicles, Starting at 12:00 Noon, Run #’s R 4116-R 4289 (Open to Dealers and Public Buyers)
Lane 3: Repo Sale 3: Featuring: Huntington National Bank, Park National Bank, Auto Now Acceptance Corp., Professional Financial Services, Columbus Metro Credit Union, Main Street Financial, SST/Systems Services, Southern Remarketing Services, Graham Used Car Outlet, ACA LLC., Community America Credit Union, Corporate America Credit Union, Nicholas Financial, State Highway Patrol Credit Union, Kemba Credit Union plus many more, Starting at 12:00 Noon, Run #’s R 4290-R 4400 (Open to Dealers and Public Buyers)

If you can’t attend in person BUY ONLINE to Register for Online Ringman please contact Steve Micotto @ 614-497-5464 or Cheryl Walters @ 614-497-5415. Hotel and Airfare Assistance Available for more information please contact our Telemarketing team @ 614 492-2168

ATTENTION DEALERS: We will now pickup your No-Sale Vehicles at the Ohio Auto Auction For FREE!
*Vehicles must be entered for sale at Columbus Fair Auto Auction for/on Wednesday February 2nd 2011.
For additional information please contact J.J. at 614 497-5483

Columbus Day ! Groundhog Day! all at the Columbus Fair Auto Auction

Coming to the Columbus Fair Auto Auction
Wednesday, January 26th 2011
Subaru Factory Closed Sale: Subaru Franchise Dealers only. Lane 2 starting at 10:00 AM
100 Factory Vehicles running in this sale.
All Other dealers you still have a chance to buy a Subaru here… After the Subaru Factory Sale, Chase Bank will be running 50+ off lease Subaru Vehicles down lane 2. This sale is open sale to all dealers.
There will be Random Drawing following the sale for Closed Subaru Buyers. Win a Digital Camcorder (Subaru Franchise Dealers Only and you must be present in the Sale Lane to Win)
Top Internet Subaru Buyer will receive $ 100.00 in Transportation Assistance. (Check will be sent to the winning dealership)
If you can’t attend this sale in person, Buy Online both sales will available online with Online Ringman.. Please contact either Steve Micotto at 614-497-5464 e-mail smicotto@cfaa.com or Cheryl Walters at 614 497-5415 e-mail cwalters@cfaa.com
Hotel and Airfare assistance available for all the details please contact our Telemarketing Team at 614-492-2168 or e-mail Cicly Sellers at csellers@cfaa.com .
Columbus Fair Auto Auction is Proudly Celebrating 51 Years as Independently Owned and Operated Auction.

Subaru Factory Sale, Chase Off Lease Subaru Sale