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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As the year comes to a close, used sedan values are continuing to decline from the abnormally high levels that the segment saw through most of 2018.
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Ryan Edwards has joined Dealers Auto Auction of Murfreesboro as the auction’s general manager.
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November’s Index registered at 116.5, a 0.2% gain from the previous month.
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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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The small pickup segment experienced its highest depreciation of the year last week, according to Black Book’s Dec. 3 Market Insights report.
Read More →One tactic that OEMs are leveraging in order to offset some of this growth is the use of incentives.
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The average price for used fleet vehicles fell 2% at auction in October, but remained 6.1% higher than a year ago amid a strong month for wholesale prices, according to Tom Kontos, KAR Auction Services' chief economist.
Read More →Chad Bailey, president of Akron Auto Auction, has officially taken over as president of the National Auto Auction Association (NAAA).
Read More →Manheim has named Fredrick Standfield as senior vice president of its assurance and reconditioning group, according to a company announcement.
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