ADESAADESA forecasts rising off-lease volume in second half of year 12:01 am U.S. ET | May 13, 2013  ADESA, the nation's second-largest used-vehicle auction company, expects an uptick in sales of off-lease vehicles, especially in the second half of the year, said the top executive at its parent company.... Read More »
Sandy walloped ADESA's vehicle-salvage unit, CEO says 4:15 pm U.S. ET | Feb. 21, 2013 Hurricane Sandy hit KAR Auction Services and its used-vehicle salvage arm, Insurance Auto Auctions, far harder last fall than Hurricane Katrina did in 2005, KAR CEO Jim Hallett said today.... Read More »
Bid on a Harley, help disabled children and wounded veterans 5:17 pm U.S. ET | Feb. 8, 2013 For the second straight year, ADESA will auction off a Harley-Davidson motorcycle during the convention with the proceeds benefiting the Frank E. McCarthy Memorial Fund of the NADA Charitable Foundation. The foundation supports Canine Companions for Independence, which assists with the placement of companion dogs for physically disabled children and wounded military veterans.... Read More »
REMARKETING Sandy disrupts seasonal shifts in used-vehicle prices 12:01 am U.S. ET | Jan. 28, 2013 Used-vehicle prices ended 2012 on a high note, buoyed by the impact of Hurricane Sandy last fall, analysts say.... Read More »
REMARKETING ADESA begins Web site switch 12:01 am U.S. ET | Dec. 24, 2012  ADESA has a new, enhanced remarketing Web site that eventually will replace its current adesa.com.... Read More »
Used-car demand up after Sandy 12:01 am U.S. ET | Nov. 19, 2012 Since Hurricane Sandy ravaged tens of thousands of vehicles on the East Coast, used-vehicle pricing and demand are headed in a familiar, post-disaster direction: higher and higher.... Read More »
How Sandy-damaged cars will be replaced 12:01 am U.S. ET | Nov. 12, 2012 Used vehicles from the West Coast could be shipped across the country to help East Coast dealers meet the anticipated demand for replacing vehicles damaged by Hurricane Sandy, says Paul Lips, executive vice president for operations and finance at auction company ADESA.... Read More »
REMARKETING Do I hear more? 12:01 am U.S. ET | Sept. 24, 2012  The U.S. auto auction industry is poised next year for its first sales uptick since 2007, says the incoming president of the National Auto Auction Association. Paul Lips bases his optimism on simple math: The higher new-car sales of the past couple of years will generate more trade-ins and more off-lease and repossessed vehicles.... Read More »
Second quarter was 'challenging' for ADESA, parent company CEO says 3:06 pm U.S. ET | Aug. 8, 2012 The industrywide drop in the number of commercially owned vehicles returning to the wholesale market created a “challenging” second quarter for ADESA Auctions Inc., the CEO of its parent company said.... Read More »
REMARKETING Retired rentals likely to hurt some used-car prices 12:01 am U.S. ET | June 25, 2012 Tight used-vehicle supplies will buoy used-vehicle prices in general through 2012, but a rise in the number of retired rental vehicles entering the wholesale market will drag down some models' prices, an NADA Used Car Guide analyst predicts.... Read More »
GM's summer auction action slows 12:01 am U.S. ET | May 28, 2012  General Motors will send fewer used vehicles to auction this summer. The automaker has cut the number of sales dates at almost half the auction sites that handle vehicles it sells exclusively to its dealers.... Read More »
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