KAR Auction Services chairman and chief executive officer Jim Hallett has won the Ed Bobit Industry Icon Award, which is presented by IARA and NAAA.   This honor was announced Tuesday afternoon during the Conference of Automotive Remarketing in Las Vegas. Tim Meta and Tony Long of IARA along with Frank Hackett and Warren Clauss […] [Read More]

Dealers are banking on the hope consumers aren’t using their federal tax refunds any place other than their store to make a vehicle purchase. The latest Black Book Market Insights report showed continued spring season momentum for cars such as sub-compacts and midsize models. And even though compact cars and full-size cars declined, editors emphasized […] [Read More]

Eighteen independent auctions took home honors Monday night in Las Vegas at the ninth annual OVE.com Awards show. OVE recognized top-performing partners in several categories. Both the first-place winner and second-place winner in each respective OVE.com Award category are listed below, in order: Highest Commercial Volume — Southern Auto Auction and Norwalk Auto Auction  Highest Commercial Mix — […] [Read More]

An auction executive who gained experience in Florida now is overseeing an operation in Virginia Auction Management Solutions client Richmond Auto Auction recently announced that Wyatt Carter has been promoted from assistant general manager to general manager, effective immediately.  Carter has been with Richmond AA since the beginning of 2017, previously working for ADESA Orlando […] [Read More]

I had to Google it. (and whatever you call checking “Wikipedia” these days). But thanks to a story I found in The Guardian among other online search results, I now know that the moniker for a 70th wedding anniversary — at least in the case of Britain’s Queen Elizabeth and Prince Philip, who celebrated theirs […] [Read More]

In this episode, we're talking Canada. As in, next month's Women & Automotive: Canadian Leadership Forum. Plus, Auto Remarketing Canada correspondent Sarah Rubenoff chats with KAR Auction Services chief economist Tom Kontos about his upcoming presentation at the Auto Remarketing Canada Conference and the Canadian used-car market. Check out the conversation below. Download and subscribe […] [Read More]

KAR Auction Services said late Tuesday afternoon that it is pursuing a spin-off of its Insurance Auto Auctions business unit. KAR said in a news release the proposed tax-free spin-off is designed to “increase shareholder value and focus each company’s strategic priorities on its respective marketplace and unique customers” and is likely to close within […] [Read More]

In some places nationwide, grass is becoming greener and buds are forming on trees and other plants. And the spring market is blooming, too, according to the latest Black Book Market Insights. The latest report released on Tuesday indicated momentum is picking up steam in the early weeks of the spring selling season with prices […] [Read More]

Much like the multi-layered benefits from greater off-lease volume for KAR Auction Services, the company’s recent purchase of STRATIM has several prongs of opportunity. KAR announced in early February that it had purchased STRATIM, a mobility and fleet management software company. It’s a move that gives KAR a strong foothold in the world of on-demand […] [Read More]

If you consider how the continuous wave of off-lease volume impacts a company as wide-ranging as KAR Auction Services, the most obvious place to start is probably its ADESA business unit. After all, the cars coming off lease not only boost the volumes for the auto auction company, but also affect what the mix of […] [Read More]