KAR Auction Services
Off-lease cars, repos buoy ADESA Q1 revenue, profitsWed, 04, May 2016
The parent company of ADESA reported double-digit increases in net income and revenue in its fiscal first quarter, which ended March 31, largely due to a strong performance by the auction giant. Auction revenue benefited from an increase in the number of off-lease and repossessed vehicles.
ADESA parent explores how best to deliver salesMon, 25, Apr 2016
KAR Auction Services, parent of ADESA, unveiled a new data science unit that will help commercial consigners find the most efficient marketplace for their vehicles. Separately, it completed the acquisition of an eight-site auction group, part of its refocus on physical auctions.