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KAR Joins Mobility Focused Consortium

KAR Auction Services has joined the Mobility Open Blockchain Initiative (MOBI) Electric Vehicle Grid Integration (EVGI) working group, a consortium of smart mobility industry leaders exploring blockchain technology for use in the digital mobility ecosystem.

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Used Fleet Vehicles Increase 4.3% in April

Tom Kontos, KAR economist, reported strong wholesale sales of fleet vehicles in April.

Used vehicles from fleet consignors in ADESA sales increased 4.3% to $13,771 in April compared to March, and were up 4.4% from a year ago, according to monthly commentary from Tom Kontos.