KAR Auction Services has joined the Mobility Open Blockchain Initiative (MOBI), a consortium of global automotive industry leaders exploring block chain technology’s potential use in the digital mobility ecosystem.
Read More →ADESA has named managers for auction locations in San Diego and San Jose as well as a new executive sales director for the company, corporate parent KAR Aucton Services, Inc. has announced.
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Off-lease fleet vehicles sold in the wholesale market at auction fell 1% in value in June from the prior month but increased 7% from a year ago, according to Tom Kontos, KAR Auction Services' chief economist.
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Wholesale vehicle prices for former fleet vehicles at auction increased 0.8% in May from April and have increased 6.8% from a year ago in a "seasonally strong" market, according to Tom Kontos, KAR Auction Services' chief economist.
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The wholesale industry is in the early stages of a digital transformation that's boosting sales at ADESA, KAR Auction Services CEO Jim Hallett said earlier this month. Online sales have driven 7% in overall volume growth during the quarter, and have helped offset waning sales at physical auctions.
Read More →KAR Auction Services has rebooted its Openlane upstream digital remarketing platform with data science, A.I., machine learning, and cloud-based technology so it streamlines the experience for buyers and sellers, the company announced.
Read More →ADESA Canada has promoted its former senior director of business development, Steve Langdon, to vice president of dealer sales, according to a company announcement.
Read More →Matt Itami will serve as the general manager of ADESA Chicago, while Cheryl Toler will serve as the general manager of ADESA Fresno.
Read More →Vehicle remarketing and technology solutions provider KAR Auction Services Inc. has named Joe Oliveri vice president of the company’s Autoniq business unit, which provides mobile and digital vehicle pricing and evaluation reports.
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U.S. Bank has awarded ADESA Dallas with its Lease Return Segment Auction of the Year award, the bank has announced.
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