ADESA has named three new general managers at its Arizona, Tennessee, and Florida auctions, according to a company announcement.
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Impact Auto Auctions Ltd., a business unit of KAR Auction Services, has launched its Impact AuctionNow mobile app, which enables buyers to access thousands of vehicles every week and place bids both live and online, according to a company announcement.
Read More →KAR Auction Services' subsidiary CarsArrive has acquired the vehicle transportation business of Dependable Auto Shippers to enhance its used vehicle hauling business, the company has announced.
Read More →KAR Auction Services will acquire the Chicago-based company that operates as DRIVIN, a B2B data provider that helps used car dealers set prices based on their local marketplace, for $43 million, according to KAR.
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KAR Auction Services, Inc. has hired Tom Fisher as its executive vice president and CIO, according to a company announcement. In this position, he will be responsible for overseeing KAR’s information technology strategy, operations and activities.
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KAR Auction Services has extended up to $15 million in credit to Toronto-based Nth Gen Software to expand TradeRev, an online dealer-to-dealer auction portal, the company announced March 16.
Read More →Insurance Auto Auctions, Inc. (IAA), a business unit of KAR Auction Services, has announced that it will be expanding into the Arkansas, Idaho, Indiana, Louisiana, Maine, Pennsylvania, and Oregon markets.
Read More →Howse brings more than 30 years of automotive industry leadership to the role, which will focus on developing customer solutions that integrate KAR’s capabilities and businesses.
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Wholesale used vehicle prices in January averaged $10,945, a 6.7% year-over-year increase and 2.8% month-over-month rise, according to ADESA Analytical Services.
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ADESA faced a “challenging” fourth quarter in 2016, CEO of KAR Auction Services Jim Hallet said during the company’s fourth quarter earnings call.
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