As close of ADESA US sale draws near, KAR CEO gauges impact
File photo of KAR Global's Peter Kelly during his keynote presentation at Used Car Week 2019. Photo by Jonathan Fredin.
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Thursday, May. 5, 2022, 07:00 PM
Joe Overby, Senior Editor
KAR Global’s sale of its U.S. ADESA auction business to Carvana is likely to close within a week, KAR leaders said in an earnings call Wednesday, and with that will be a paradigm shift for the wholesale car business. The company, the longtime parent of the nation’s second-largest auction chain, will not have a physical […]