auctionADESA parent KAR's Q1 profit rose 12% to $29 million 10:09 am U.S. ET | May 2, 2013 KAR Auction Services, parent company of vehicle-auction company ADESA, said its first-quarter net income rose 12 percent to $29 million on a 10 percent increase in revenue, to $558 million.... Read More »
Repo-related American Recovery Assn., National Finance Adjusters merge 8:00 am U.S. ET | Feb. 26, 2013 The American Recovery Association, an association of remarketing and recovery professionals that specializes in locating and repossessing vehicles on behalf of lenders, has merged with National Finance Adjusters, an organization that specializes in education for collateral recovery and liquidation professionals.... 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 »
ARLENA SAWYERS Heavy snow won’t stop auction action, NAAA president says 6:22 pm U.S. ET | Feb. 9, 2013  The roads are blocked, businesses are closed and people have hunkered down in their homes as the Northeast rides out the great blizzard of 2013. But come Monday morning auto auctions located in the snow-covered Northeast will be ready for business, predicts Paul Lips, president of the National Auto Auction Association.... Read More »
Used-car auction volumes seen rising 5% in 2013 10:51 am U.S. ET | Feb. 9, 2013  New-vehicle sales to rental car companies in 2012 rose 11 percent to 1.55 million units in the United States, which will help increase the number of vehicles returning to the used-car market in 2013, predicts an annual report on the state of the used-car industry.... Read More »
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Special Report
 Dealer O.C. Welch's big-truck turnaroundAfter Mercury's demise, South Carolina Ford-Lincoln dealer O.C. Welch had to find a way to replace lost revenue. He decided to load up on Super Duty pickups – and sell them online. Mon., June 17» Watch the Video |
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