NEW YORK and CARMEL, IN – KAR Holdings II, LLC, announced that, effective as of the closing of its previously announced acquisition of ADESA, Inc., it plans to augment ADESA's senior management team with the addition of Brian Clingen, Jim Hallett, Tom O'Brien, and John Nordin.
Read More →CHESAPEAKE, VA – American Auto Auction – Chesapeake has retained TPC Management Co. for strategic consulting. The engagement will focus on developing relationships with national account - fleet/lease concerns as well as management recruiting and training.
Read More →CARMEL, IN – ADESA, Inc. has promoted Brad Walsh to executive director of national sales for ADESA Corp., the company's used-vehicle services business.
Read More →CHATTANOOGA, TN – The Chattanooga Auto Auction, a ServNet Auction, introduced a new subsidiary – Chattanooga Heavy Duty Truck and Equipment Auction – which opened Nov. 30, 2006, with 96 units offered for sale at the premiere event.
Read More →WESTCHESTER, IL – Insurance Auto Auctions, Inc. (IAA), has opened a 27-acre facility in Denver. The greenfield development, centrally located just northeast of downtown Denver, is IAA's first location in Colorado and is regionally significant for the market coverage it will provide in the Rocky mountain region.
Read More →CHICAGO – MonsterMotors.com has created a community-based online auction concept to selling used vehicles. The company is rolling out community-based auto auctions nationwide starting in Chicago, where it is channeling its online auctions through locally respected car dealers.
Read More →ATLANTA - AutoTrader.com has announced the top 10 most-searched-for vehicles on its site in 2006. The company reported the Ford Mustang was the most-searched model vehicle in 2006, while manufacturers Chevrolet, Ford, and Honda each placed two of its vehicle models among the top 10.
Read More →TAMPA, FL – Autotropolis.com has launched a new Web site providing interactive research tools for new- and used-vehicle shoppers.
Read More →CARMEL, IN - Wholesale used-vehicle prices remained soft in December, reflecting ongoing weakness in retail sales.
Read More →LINCOLN, NE – Ritchie Bros. Auctioneers has selected Accruit LLC as its exclusive provider of 1,031 like-kind exchange (LKE) services. In addition, Peter Blake, chief executive officer of Ritchie Bros Auctioneers, has been appointed to Accruit's board of directors.
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