News

IronPlanet Debuts Marketplace Direct Platform

IronPlanet has debuted a new Marketplace Direct platform that offers advanced, self-listing functionality for larger-scale equipment sellers.

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Georgia Man Pleads Guilty to Odometer Fraud

A Georgia man charged with operating an odometer fraud scheme that revolved around buying later-model cars at auction, tampering with the odometer reading, and then selling the cars at inflated prices has plead guilty, according to the Department of Justice (DOJ).

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ADESA Faced 'Challenging' Fourth Quarter

ADESA faced a “challenging” fourth quarter in 2016, CEO of KAR Auction Services James Hallet said during the company’s fourth quarter earnings call.

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KAR to Invest Up to $25 in Online Sales Platform

KAR Auction Services will invest $20 million and $25 million over the next three years to redesign and enhance its online sales platform in a project known as New Wave.

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Penny Wanna Promoted to President of Auction Academy

Penny Wanna has been named president of Auction Academy, according to a company announcement.

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J.D. Power Names SVP of Global Automotive Operations

J.D. Power has named Doug Betts as senior vice president of global automotive operations, according to a company announcement.

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Wholesale Truck Values Continue to Thrive, Luxury Cars Struggle

The truck segment outperformed cars and luxury car depreciation rates remained high last week, according to Black Book’s Feb. 20 Market Insights report.

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Subaru Canada Earns Best Retained Value for Overall Brand Award

Subaru Canada, Inc. has won its first-ever Best Retained Value “Overall Brand Award in the Car Category from Canadian Black Book (CBB), according to an announcement from the company.

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Manheim Detroit to Feature Over 1,000 Trucks in Upcoming Sale

Manheim Detroit will be holding, what the company is calling, one of the largest truck-only sales on Feb. 23 at 9:30 a.m.

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Dan Kennedy to Retire from GM

After 39 years with General Motors — 31 of which were spent with the OEM’s remarketing organization — Manager of GM Remarketing Dan Kennedy has announced his intent to retire from the company.

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