Wholesale prices were down in February vs. January, atypical of their seasonal pattern, but were up modestly on a year-over-year basis.
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Manheim, ADESA, and the independent auctions will begin developing a platform that allows simultaneous bidding on vehicles listed on multiple online auction sites that will be ready in the second half of 2014.
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ADESA announced changes to auction management at four of the company’s locations, effective immediately.
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ADESA Phoenix recently hosted a charity auction that raised more than $60,000 for the Juvenile Diabetes Research Foundation.
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ADESA and Volvo Cars of North America, LLC, announced the launch of the Volvo 360 Private Store, a new lease portfolio management and vehicle purchase website for franchised Volvo retailers.
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Through joint collaboration across the wholesale automotive industry, Auto Auction Services Corporation (AASC) has introduced a new industry standard for vehicle condition data reporting available to all members.
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KAR Auction Services, Inc., announced the acquisition of Miami-based High Tech Locksmiths (HTL), which specializes in products for the automotive industry.
Read More →Strong retail demand continued to buoy wholesale used-vehicle prices in November, as average prices rose on both a month-over-month and year-over-year basis.
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KAR Auction Services, Inc., announced that on January 6, 2014, Stephane St. Hilaire will be appointed the president and chief executive officer of ADESA, Inc., the company’s wholesale used-vehicle auction, and Tom Caruso will be appointed the chief client officer of KAR.
Read More →October average wholesale prices partially reversed declines seen in previous months, registering an increase versus September.
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