KAR Auction Services

ADESA 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 »

 

ADESA 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 »

 

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 »

 

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 »

 

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 »