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ADESA Names Manager Pair, Sales Director

ADESA has named managers for auction locations in San Diego and San Jose as well as a new executive sales director for the company, corporate parent KAR Aucton Services, Inc. has announced.


LeasePlan's Smolka Keynoting IARA Summer Roundtable

Felipe Smolka, executive VP and transformation leader for LeasePlan USA.

The International Automotive Remarketers Alliance (IARA) has announced that Felipe Smolka, executive vice president of transformation for LeasePlan USA, will be providing a keynote presentation at the 2018 IARA Summer Roundtable.


J.D. Power: Wholesale Prices Decline in June

Over the last five years, June losses have averaged 2.2%. This June, wholesale prices for used...

June was an especially strong month for the used-vehicle market, resulting in J.D. Power Valuation Services’ Seasonally Adjusted Used Vehicle Price Index increasing 1.2 points from May to 118.2. Compared to a year ago, the index was up 4.1 points.


Manheim Sees Record Digital Adoption in First Half

The Manheim Marketplace achieved record growth across its digital channels in the first half of 2018, including double-digit growth in digital transactions, volume and sales as wholesale vehicle buyers and sellers continue to adopt a faster, more cost-effective way to move inventory.


Final VW Diesel Modification Approved

Volkswagen has gained final approval on modifications to close its nearly three-year diesel...

Volkswagen has gained approval from air regulators of the final modification plan for the remaining vehicles that contain software designed to defeat emissions tests, the California Air Resources Board has announced.


Wholesale Fleet Vehicle Values Fall 1% in June

Mid-size sedans, in particular, performed well in the wholesale market. Mid-size sedan...

Off-lease fleet vehicles sold in the wholesale market at auction fell 1% in value in June from the prior month but increased 7% from a year ago, according to Tom Kontos, KAR Auction Services' chief economist.