ADESA

Rising off-lease volume hits ADESA lanes

12:01 am U.S. ET | Nov. 10, 2014
The number of vehicles sold at ADESA's physical auctions rose 4 percent in the third quarter as a much-anticipated rising volume of off-lease vehicles began to be felt in the remarketing world, said the CEO of the auction company's parent....
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ADESA doubles Q3 profits on growing auction volume

2:29 pm U.S. ET | Nov. 5, 2014
KAR Auction Services, parent of ADESA, said its third-quarter net income more than doubled to $47 million from $22 million a year earlier, on revenues that increased 10 percent to $589 million....
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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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Canadian dealer buries a Jeep, hires an ambassador and puts on the Ritz

Canadian dealer buries a Jeep, hires an ambassador and puts on the Ritz

At Bay King Chrysler, Dodge, Jeep, Ram in Hamilton, Ontario, dealer Jamie Richter has put luxury-hotel touches in his new showroom. They include concierges who see to the needs of service customers. Mon., December 15
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