The average price for used fleet vehicles fell 2% at auction in October, but remained 6.1% higher than a year ago amid a strong month for wholesale prices, according to Tom Kontos, KAR Auction Services' chief economist.
Read More →Vehicles from fleet consignors followed the broader used-vehicle market downward in September, as wholesale prices struggled to keep up with last year's hurricane-driven demand and a now robust upstream market, said Tom Kontos, KAR Auction Services' chief economist.
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Several North Carolina used vehicle auctions closed as a result of Hurricane Florence sweeping into the state, while others shifted to online sales or delayed on-site sales.
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The program is available to dealers at all 60 ADESA physical locations in the U.S., as well as to those using ADESA’s online and simulcast auction platforms DealerBlock and LiveBlock, the company noted.
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The former general manager of ADESA Brasher, Rod Davis, will be taking the reigns as GM of the Arizona-based auction.
Read More →Tom Kontos and Charles Chesbrough will lead a discussion on economic trends affecting the remarketing industry at the upcoming 2018 IARA Summer Roundtable.
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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All of the proceeds of the sale are going to the NIADA Foundation, and the vehicle will be delivered to Haus for free by ADESA. The NIADA Foundation awards scholarships to deserving college-bound students across the U.S.
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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.
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