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Auto auction safety should not be a proprietary issue, a competitive issue or an economic issue — it's an industry responsibility.
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.
A deadly crash at a Massachusetts auto auction has brought a recurring question back into the spotlight: How can bustling, cramped auctions be kept safe?
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.
KAR Auction Services will acquire DRIVIN, which aggregates automotive retail, pricing, registration and economic data to match vehicle inventory to dealer demand.
A growing reliance on data and analytics in the remarketing space is driving recent auction consolidation, some industry experts say.
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.
Jim Hallett has made safe, accident-free environments at physical auction sites a top priority at KAR Auction, the parent company of ADESA.
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.
After showing strength in the first half of the year, used-vehicle prices are beginning to soften.
Auction site acquisitions and an influx of off-lease vehicles lifted second-quarter profits, revenue and unit sales at ADESA.
Yazaki, Cadillac and KAR Auction Services announce personnel moves.
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