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In contrast to new-vehicle sales, U.S. used-vehicle sales will rise in 2018, even as prices soften, on rising volumes of off-lease vehicles, economists forecast.
KAR Auction Services' stock price rose Wednesday after the company reported solid third-quarter results.
KAR Auction Services has acquired all of the TradeRev technology that allows dealers to electronically buy used vehicles before they reach physical auctions.
KAR Auction Services plans a new $80 million headquarters two miles south of its current headquarters in Carmel, Ind.
How do you remove hundreds of thousands of damaged cars from a massive city still mired in water and muck? Tow-truck driver Alex Toll will tell you: one vehicle at a time.
KAR Auction Services' second-quarter net profile fell 7.4 percent on a debt-restructuring charge, even as revenue grew.
ADESA parent KAR's first-quarter net income and revenue both rose 14 percent, driven in large part by a surge in income at its auctions. Acquisitions also pushed the results up.
Cox Automotive and KAR Auction Services own the two largest U.S. auction groups. But they've taken quite different approaches to growing and diversifying.
The glut of off-lease vehicles returning to market is causing the nation's two largest auction groups to double down on the concept of velocity -- albeit in slightly different ways.
ADESA parent company KAR Auction Services reported a 5.8 percent decline in fourth quarter net income on higher service costs and selling and administrative expenses.
Rising vehicle volume and revenue per vehicle sold at ADESA helped boost income at its parent, KAR Auction Services, 4 percent to $54.4 million in the third quarter.
The physical auction business in the Chicago area promises to be more competitive and a lot more interesting as the nation's two auction titans gear up to go head-to-head in that market.
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