Tagged KAR Auction Services

Fleet Lease Consignor Prices Advancing Steadily

Average wholesale prices for used fleet lease vehicles increased 0.2% in September from the prior month and 3.6% from the prior year in a market that was bolstered by dealer demand in hurricane-stricken regions, according to Tom Kontos, KAR Auction Services' chief economist.

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TradeRev Names Two to Executive Roles

KAR Auction Services' TradeRev has named several associates to executive roles and expanded the responsibilities of Keith Crerar, executive vice president, the company has announced.

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KAR Acquires Remainder of TradeRev

KAR Auction Services, Inc. has acquired the remaining 50% stake in TradeRev, a mobile app and desktop solution that facilitates real-time dealer-to-dealer vehicle auctions, for $50 million in cash and an additional $75 million over the next four years contingent on certain terms and conditions, according to a company announcement.

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Fleet Lease Consignor Prices Climb Higher

Fleet lease consignor prices moved higher in August, increasing 1.4% over July and 2.3% through the first eight months of the year compared with 2016, according to the Sept. 20 Kontos Kommentary.

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ADESA's KAR to Build New HQ in Indiana

Nearly 1,600 of KAR’s 17,400 employees are located in Indiana, and the new location provides space for an additional 400 jobs.

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KAR Auction Services Creates Operating Segment

KAR Auction Services, Inc. has created the KAR Remarketing Services operating segment to align its AutoVIN, Dent Demon, High Tech Locksmiths, and PAR North America businesses, the company has announced.

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IAA Offers Active Inventory Management Software

Insurance Auto Auctions (IAA) has introduced its Active Inventory Management software that's designed to streamline the management of salvage vehicle auctions, according the the KAR Auction Services unit.

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Wholesale Prices Softening Despite YOY Increase in June, Kontos Says

Average wholesale prices in June were down vs. June but up vs. a year ago. A drill down into the data, however, reveals price softening on a year-over-year basis when accounting for sales type, vehicle age, model class, and mileage, KAR Chief Economist Tom Kontos said today.

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KAR Hosting NAAA's Safety Day at ADESA Boston

KAR Auction Services, Inc. is hosting the National Auto Auction Association (NAAA) Safety Day at the company’s ADESA Boston auction on July 25. Here, leaders from NAAA member auction across the country will learn, listen and exchange best practices on how the industry can better address safety risks, according to a company announcement.

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instaVIN Updates Website for Vehicle History Reports

Remarketing and technology solutions provider KAR Auction Services Inc. announced the launch of a new website for its instaVIN business unit, which provides vehicle history and title history information for dealers, commercial customers and consumers.

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