KAR Auction Services is now KAR Global. The rebranding announced Monday follows years of expansion, both geographically across North America and Europe and in terms of the services the company provides, thanks to its acquisitions and technolgical development. Those purchases include the online sales (CarsOnTheWeb, TradeRev), data science/analytics (DRIVIN), recovery management (Clearplan) and mobility fleet services […] [Read More]

Discussing IAA’s Thursday announcement that it has opened its Templeton, Mass., facility, the company’s chief executive officer and president John Kett said New England continues to be an important market for IAA. “This branch, along with the seven others in and around Boston, support our growth strategy in this major market,” Kett said in a […] [Read More]

Interviews with car hauler companies, dispatch technology providers and auction facility operators agree that the nation’s car hauler industry in 2019 is in good shape overall. Still, interviewees say the industry’s playing catchup to address a shortage of car-hauler capacity. They cite electronic driver logbook requirements, rising costs for casualty, liability, worker’s compensation insurance and the […] [Read More]

Creating an environment where moving cars and people on foot can co-exist in the lanes without mishap is only part of the safety story at physical auctions, according to Laura Taylor. The general manager of Charleston Auto Auction in Moncks Corner, S.C., knows chapter and verse the importance of keeping auction employees, customers and visitors […] [Read More]

Manheim says its new arrangement with Sirius XM, announced on Wednesday, makes activation easier for dealers and demonstrates the accessibility and benefits of SiriusXM in the pre-owned vehicles they sell. At no extra cost, dealers purchasing SiriusXM-equipped vehicles from any Manheim U.S. location can now take delivery of vehicles with SiriusXM already activated and working. […] [Read More]

Autumn officially arrived on Monday, and perhaps dealers might start to see wholesale prices cooling in the lanes, too, if the latest Black Book Market Insights report is any indication. Analysts spotted overall price decreases last week for both cars and trucks at greater rates than the previous four-week average. Along with fall’s arrival, Black Book […] [Read More]

More trucks and SUVs moved down the lanes in August, and KAR Auction Services chief economist Tom Kontos detailed how that change in volume mix impacted wholesale prices. According to ADESA Analytical Services’ monthly analysis of wholesale used-vehicle prices by vehicle model class, wholesale used-vehicle prices in August averaged $11,244, which was 1.8% lower compared […] [Read More]

Two of the largest salvage auction companies are in different stages of their journeys as publicly traded companies. One on its way toward a first anniversary; the other breaking out silver to celebrate. For IAA, it’s taking its first steps being public after completing the spin-off from KAR Auction Services earlier this calendar year. For […] [Read More]

Cox Enterprises executive vice president and chief people and operations officer Jill Campbell says that Cox Enterprises has cultivated a unique culture that has empowered employees, invested deeply in communities and broken new ground in cutting-edge industries for more than 120 years. Commenting on the appointment of John Kovac as senior vice president, brand, marketing […] [Read More]

The Stanley-Autenrieth Auction Group, which includes Indiana Auto Auction and Carolina Auto Auction, has purchased the Fort Wayne Auto Truck Auction in Indiana. As part of the move, which was effective Sept. 13, Fort Wayne’s consignment and sales are being merged into Indiana Auto Auction. Both the Fort Wayne and Indiana auctions are in Fort Wayne, […] [Read More]