News
Manheim Index Shows Used-Vehicle Wholesale Prices Up 2.1% in June
The market is seeing stronger appreciation in older used vehicles this year, and the most affordable segments have been among the year’s best performers.
Read More →The market is seeing stronger appreciation in older used vehicles this year, and the most affordable segments have been among the year’s best performers.
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Jim Hallett, CEO and Chairman for KAR Auction Services, accepted the Ed Bobit Industry Icon award at a March 6 ceremony at the Conference of Automotive Remarketing (CAR) for his contribution to the industry.
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KAR Auction Services, Inc. will spin off its Insurance Auto Auctions (IAA) salvage auction business unit as a publicly traded company to give its leaders greater independence, according to a company announcement.
Read More →FastLane Auto Exchange, located in Mount Morris, Mich., is a dealer-only consignment auction that has been operating for over 40 years. Greg Price, a former member of the executive team at Flint Auto Auction, recently purchased the auction.
Read More →The company was founded by eight independent auction owners who developed the idea of forming a cooperative marketing network that would share ideas and promote their auctions on a national level.
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The company has appointed Paul Lips to the newly created position of chief commercial officer or ADESA, while Srisu Subrahmanyam will transition from his position at KAR and join ADESA senior management as its chief operating officer.
Read More →Dealers Auto Auction of Las Vegas (DAALV) has partnered with Auction Management Solutions (AMS) in an effort to grow its business, according to a company announcement.
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Jim Williams will succeed Patrick Brennan, who previously served in the position but was recently promoted to senior vice president of Inventory Solutions’ Marketplace.
Read More →KAR Auction Services ADESA unit is partnering with fleet management company Emkay to raise $267,000 over six years to support JDRF, which funds type 1 diabetes research.
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Glenn Mercer, an automotive analyst that has been in the industry for over 30 years, will lead the Auctions of Tomorrow session at the Conference of Automotive Remarketing.
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The acquisition of STRATIM will supplement KAR’s portfolio of wholesale used vehicle physical, online, and digital auction marketplaces and ancillary service providers.
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