KAR Brings Hammer Back as ADESA President
KAR Auction Services has named John Hammer as president of ADESA following a resignation of Stéphane St-Hilaire, who served as CEO and president of ADESA since 2014.
Hammer
Hammer
KAR Auction Services has named John Hammer as president of ADESA following a resignation of Stéphane St-Hilaire, who served as CEO and president of ADESA since 2014.
St-Hilaire will remain at ADESA through February to facilitate the transition.
Hammer previously served as CEO of KAR’s Automotive Finance Corp. business before leaving in 2016. He will be officially returning to the company on Feb. 26, 2018 to assume the post of president, according to KAR Auction Services.
He will be reporting directly to Jim Hallett, chairman and KAR's CEO.
Hammer will oversee all ADESA operations, which include 75 auction locations throughout North America. Additionally, he will be focusing on integrating new technology into ADESA’s online and physical auction marketplaces and expanding the company’s product and service offerings.
During his time away from the KAR Auction Services family of companies, Hammer served as CEO of U.S. Auto Sales, Inc.
More Remarketing
When Should a Fleet Repair Vehicle Damage Before Remarketing?
Not every dent, scratch, or mechanical issue is worth fixing before selling a fleet vehicle. Learn how to weigh repair costs, resale value, market demand, and downtime to determine when reconditioning pays off and when selling as-is makes more sense.
Read More →
Wholesale Used-Vehicle Values Fall as Cox Automotive Cuts 2026 Forecast
Wholesale used-vehicle prices declined in September as depreciation accelerated, prompting Cox Automotive to lower its year-end forecast.
Read More →
FLD Promotes Three Executives in Leadership Changes
FLD has promoted three longtime executives, naming Gary Mott CEO, Richard Mallek president, and Ron Sanders managing partner.
Read More →
Ford Pro Launches Certified Pre-Owned Program for Commercial Vehicles
Ford Pro Advantage will offer certified pre-owned Class 1-7 commercial vehicles through more than 700 Ford Pro Commercial Vehicle Centers.
Read More →
Copart to Acquire ACV in $1.9 Billion Deal
The acquisition would expand Copart beyond its traditional salvage business into dealer-to-dealer wholesale remarketing while adding ACV’s vehicle data, inspection, and valuation technology.
Read More →
Manheim Index Shows Used-Vehicle Wholesale Prices Up 2.1% in June
The market is seeing stronger appreciation in older used vehicles this year, and the most affordable segments have been among the year’s best performers.
Read More →
Commercial Fleet Sales Contribute To June, YTD Gains
The fleet sector has boosted its vehicle purchases at a reliable pace in the first half of this year compared with 1H 2025.
Read More →
Used Vehicle Prices Climb Higher As Sales Pace Slows
The higher prices at used retail reflect strong wholesale values earlier in the spring, particularly for older, more affordable vehicles.
Read More →
Wholesale Used Vehicle Market Sustains Moderate Rise In Values, Prices
Trends continue to normalize after a strong start to the year, as consumers contend with higher gas prices in the coming summer months.
Read More →
Commercial Fleet Sales Still Lead Sectors Despite May Mini Dip
The U.S. economy's continued growth and positive business investment are creating a favorable environment for fleet vehicle demand.
Read More →