KAR Auction Services, Inc. announced the commencement of an underwritten offering of approximately 24 million shares of its common stock by existing stockholder KAR Holdings II, LLC.
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To further build and strengthen its leadership team and role in the industry, Manheim and AutoTrader Group announced leadership changes.
Read More →Copart, Inc., an online salvage vehicle auction company, announced it has acquired Berpa Auto Auction, Inc.
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After increasing the last four months, wholesale used vehicle prices declined in October. The Manheim Index now stands at 122.3, an increase of only 0.3% from its year-ago level.
Read More →ADESA announced that its blog, “Overdrive,” was recently recognized in PR Daily’s 2013 Digital PR Awards.
Read More →Register for the original remarketing conference and join more than 500 automotive remarketing professionals. The 2014 Conference of Automotive Remarketing (CAR) will be held March 5-6 at the Paris Las Vegas Hotel.
Read More →Insurance Auto Auctions, Inc. (IAA), the leading live and live-online salvage auto auction company and wholly-owned subsidiary of KAR Auction Services, Inc., announced the opening of two new facilities in New Orleans, La., and Culpeper, Va., respectively.
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Becky McGinty has been named sales manager at Plaza Auto Auction of Iowa. McGinty has been a member of the auction staff since 1982, and has served in the sales department since 2008.
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From last week’s largest declines in the previous five weeks on the cars and for eight weeks on the trucks, the level of adjustment moved to a smaller decline in the most recent week-over-week comparison for both the cars and trucks.
Read More →KCI Kansas City prepares to celebrate its 35th Anniversary November 7. During the celebration, KCI will honor employees, hold a KCI Cares Charity Sale, and bring customers to the Midwest for the last promotional event of 2013.
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