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Wholesale Vehicle Prices Soften in November

While overall wholesale prices weakened in November, fleet vehicle values increase 4.6%.

Overall average wholesale prices softened in November from a year ago mostly due to 2017 prices that were elevated due to increased demand from hurricanes Harvey and Irma, even though values of former fleet vehicles increased, according to Tom Kontos, KAR Auction Services' chief economist.

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KAR Consolidates Repo Industry Business Units

Recovery Database Network and Clearplan are two of KAR Auction Services' business units that...

KAR Auction Services, Inc. has consolidated its management team for two of its businesses — Recovery Database Network (RDN) and Clearplan — in order to improve synergies for the complementary business units.

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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.