PRESS RELEASE
Date: September 12, 2005
For Immediate Release
Contact: International Automotive Remarketers Alliance (IARA)
Matt Marks, Executive Director
Phone: 973/398-2274
info@iaraonline.org
The International Automotive Remarketers Alliance (IARA) Endorses Adoption of NAAA Vehicle Grading Scale
MT. ARLINGTON, N.J. The International Automotive Remarketers Alliance (IARA) announced that the Alliance has endorsed the adoption of the NAAA Vehicle Grading Scale. The scale ranks used vehicle conditions from a scale of 0 to 5; with five meaning the vehicle is in excellent condition and zero meaning salvage, inoperable. Matt Marks reported that, "The Alliance believes that standardization in the remarketing industry, where possible, is a necessary goal."
Steve Houston, President of the IARA, stated, "The NAAA Grading Scale represents a tremendous collaborative effort by all of the industry segments. It will provide a tool for both Remarketers and Auctions alike to effectively communicate the condition of the vehicles. While it is not a "one size fits all", it is "one size fits many". The uniform grading scale will help move the industry forward to the next level.