ADESA

Severe weather spurs auction expansion

12:01 am U.S. ET | Aug. 25, 2014
Insurance Auto Auctions Inc., which specializes in salvage vehicles and those donated to charity, has expanded its auction site outside Omaha, Neb., in response to growing volume....
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ADESA's online, dealer-owned vehicle sales rise

3:17 pm U.S. ET | May 6, 2014
KAR Auction Services, parent of ADESA, reported first-quarter net income fell 29 percent to $20.7 million, as revenues rose 5 percent to $583.8 million. The company attributed the fall in profits to refinancing activities....
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Auction school for dealers

12:01 am U.S. ET | March 24, 2014
ADESA Inc. has mobilized as many as 300 employees to teach dealers, in some cases one-on-one, how to buy used vehicles on its adesa.com online platform, the top executive at ADESA's parent company says....
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New panel to oversee tech shift for auctions

12:01 am U.S. ET | March 17, 2014
The auto auction industry is moving closer to a major change as rival auctions are looking into listing used vehicles for sale simultaneously on competitors' online remarketing platforms....
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ADESA to open more online auctions to more dealers

3:27 pm U.S. ET | Feb. 20, 2014
ADESA, the nation's second largest auto-auction company, this year will focus on building online auctions that are open to all dealers, its parent company's top executive said....
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ADESA: Private-label auctions will grow

12:01 am U.S. ET | Feb. 3, 2014
ADESA Inc., the nation's second-largest vehicle auction company, has built a custom trading network that enables groups such as Bob Rohrman Auto Group, which has dealerships in Indiana and Illinois, to trade vehicles among their own stores, says CEO Stephane St-Hilaire....
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ADESA starts 2014 with new CEO

12:01 am U.S. ET | Nov. 25, 2013
Stephane St-Hilaire has been named president and CEO of automotive auction firm ADESA Inc., effective Jan. 6. Parent company KAR Auction Services Inc., made the announcement last week....
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ADESA to start 2014 with new CEO

4:07 pm U.S. ET | Nov. 22, 2013
Stephane St-Hilaire has been named president and CEO of automotive auction firm ADESA Inc., effective Jan. 6, parent company KAR Auction Services said. St-Hilaire, 44, is currently the president and COO of ADESA's Canadian auction unit....
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ADESA: Off-lease overflow to benefit in-lane auctions

12:01 am U.S. ET | Nov. 11, 2013
An increasing number of vehicles will come off lease next year, experts agree....
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KAR, Adesa's parent, posts 19% gain in Q3 net

12:24 pm U.S. ET | Nov. 6, 2013
KAR Auction Services, the parent of auction company ADESA, said today that its third-quarter net income rose 19 percent from the year-earlier period to $22.8 million, as revenues increased 12 percent to $533.7 million....
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Next at auctions: Multiple platform sales

12:01 am U.S. ET | Oct. 28, 2013
Listing used vehicles for sale simultaneously on multiple online remarketing platforms is the next big thing in used-vehicle wholesaling....
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New-car price tinkering can derail a residual in a hurry

12:01 am U.S. ET | Sept. 23, 2013
Residual values are simply predictions of future used-vehicle values. Anything that changes new-vehicles prices can change used-vehicle prices....
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JAMES B. TREECE

Auction group's new president reflects the rank and file

12:01 am U.S. ET | Sept. 2, 2013
The leadership of an association should reflect that group's members. That's why it is appropriate that Jack Neshe will take over as president of the National Auto Auction Association on Tuesday, Sept. 3....
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