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.
The Car Connectivity Consortium consists of over 70 companies in the car, tech, and communications industries.
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.
The structure stands eight stories tall and holds 30 vehicles, similar to other Carvana vending machines. This marks the 11th vending machine nationwide and the third vending machine in Florida for Carvana.
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.