The company has appointed Paul Lips to the newly created position of chief commercial officer or ADESA, while Srisu Subrahmanyam will transition from his position at KAR and join ADESA senior management as its chief operating officer.
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The acquisition of STRATIM will supplement KAR’s portfolio of wholesale used vehicle physical, online, and digital auction marketplaces and ancillary service providers.
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ADESA has launched a rewards program that allows its customers to earn points when they purchase qualifying vehicles and specialty units at physical ADESA auctions in the U.S. and through the company’s website.
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KAR Auction Services has named John Hammer as president of ADESA following a resignation of Stéphane St-Hilaire, who served as CEO and president of ADESA since 2014.
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Jose Delgado has been promoted to senior vice president, sales and business development; Jessie Herdrich has been promoted to vice president, compliance and operations; and John Sibbitt has been promoted to vice president of operations.
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Average wholesale prices for fleet lease vehicles were down 1.9% month-over-month, but up 0.4% year-over-year, according to Tom Kontos, KAR Auction Services' chief economist.
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ADESA has raised more than $1 million for Type 1 diabetes (T1D) research through a partnership with the Ford Global Action Team in support of JDRF, an organization with a mission to discover, develop, and deliver advances to cure, better treat, and prevent T1D.
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TradeRev has released an update to its mobile app that will leverage KAR Auction Services, Inc. in order to bring a host of new features to its mobile platform, according to a company announcement.
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KAR Auction Services, Inc. has committed $250,000 to City Life Wheels of Central Indiana, a non-profit that uses donated vehicles to teach Indianapolis youth basic auto maintenance and repair skills, according to a company announcement.
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The National Auto Auction Association (NAAA) has named Warren Clauss as president for the 2017-2018 term. Clauss assumed the post during the association's 69th annual convention in La Quinta, Calif. earlier this month.
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