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KAR Global Completes Sale of ADESA to Carvana

KAR Global Completes Sale of ADESA to Carvana

Used vehicle marketplace KAR Global has now sold all of its ADESA U.S. physical auction business to Carvana. KAR will continue to operate its online auction portal Openlane.

May 10, 2022

Carvana CEO, Tech-Mobility-EV Expert to Keynote IARA Event
KAR Global Sells ADESA Unit to Carvana as it Pursues Digital Pivot
ADESA Simplifies Online Self-Checkout in Canada
ADESA Simplifies Info on Condition Reports to Aid Buyers
ADESA Deploys Automated Vehicle Tracking Solution Across North America
ADESA Simplifies Online Self-Checkout for Customers
ADESA Releases Tool to Boost Sales Appeal of Vehicles
ADESA Adds Emissions Codes to Vehicle Condition Reports
ADESA Canada Launches New Vehicle Return Service
ADESA Halts Physical Auction Sales

ADESA Halts Physical Auction Sales

KAR Global is halting physical sale operations across North America at all ADESA locations, and includes Simulcast-only sales for at least the next two weeks.

March 20, 2020

KAR Global Transitions to Simulcast-Only Sales to Minimize Coronavirus Exposure
Used Fleet Vehicle Values Soften in November

Used Fleet Vehicle Values Soften in November

Former fleet vehicles sold by KAR Global's ADESA remarketing unit fell 3.2% in value in November from the prior month but remain 3% ahead of a year ago partly due to a softening wholesale market.

December 16, 2019

Used Fleet Vehicles Fall 0.6% in October

Used Fleet Vehicles Fall 0.6% in October

The values of vehicles sold at ADESA auctions from fleet consignors fell 0.6% to $13,309 in October but remain 2.4% higher from a year ago, according to Tom Kontos, KAR Global's chief economist.

November 12, 2019

Used Fleet Vehicles Fell 1.5% in August

Used Fleet Vehicles Fell 1.5% in August

Used fleet vehicles that sold at wholesale fell 1.5% to $13,603 in August from July, but remained up 1.2% when compared to the same month a year ago, according to Tom Kontos, chief economist for KAR Auction Services.

October 1, 2019

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