Dealers

CDK faces investor pressure to streamline or explore a sale

Elliott Management stepped up pressure on dealership vendor CDK Global, saying the software company needed to streamline operations or explore a sale.

Off-lease cars, repos buoy ADESA Q1 revenue, profits

The parent company of ADESA reported double-digit increases in net income and revenue in its fiscal first quarter, which ended March 31, largely due to a strong performance by the auction giant. Auction revenue benefited from an increase in the number of off-lease and repossessed vehicles.

Auctions sold more cars for more money in 2015, survey shows

Last year was a robust one for the auto-auction business, both in vehicles sold and prices paid. National Auto Auction Association member auctions

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