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KAR Acquires Europe-Based Online Auction Company

The acquisition is valued at approximately $177 million (156 million euro). Roughly $103 million...

KAR Auction Services, Inc. has reached a definitive agreement to acquire CarsOnTheWeb (COTW), an online auction company serving the wholesale vehicle sector in Continental Europe, according to a company announcement.

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Manheim Elevates 4 to GM Roles

Manheim has promoted four of its associates to general manager and expanded the roles of another, the auction company has announced.

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Manheim Expanding Mobile Auction Network

Manheim is expanding its use of mobile auctions at dealerships in the northeast, Midwest,...

Manheim has expanded its mobile auction network this year, and plans to expand its network further into new cities in the northeast, Midwest, mid-Atlantic, and southeast in order to meet dealer and consignor demand for remarketing options in those cities.

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Manheim Centralizes Logistics, Dispatch

Manheim has relocated its Logistics Solutions platforms — which include its Ready Logistics and Central Dispatch operations — to Phoenix in order to support the transport needs of its shippers, carriers, and the evolving mobility sector.

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Auctions Return to Business Following Florence

The area of Carolinas affected by Hurricane Florence is less densely populated than storms that...

Used-vehicle auctions have started resuming regular business hours following the effects of Hurricane Florence, which had less of an impact on the U.S vehicle market than Hurricanes Harvey and Irma in 2017.

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Hurricane Florence Closes N.C. Auctions

At least two auctions curtailed operations as Hurricane Florence moved through the the Carolinas.

Several North Carolina used vehicle auctions closed as a result of Hurricane Florence sweeping into the state, while others shifted to online sales or delayed on-site sales.

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XLerate Group Hires Two General Managers

Ryan Rickey will serve as general manager for XLerate’s Your Auction in Florida, while Michael Schuler will assume that position at Pennsylvania's Corry Auto Dealer Exchange.