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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.
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Carvana’s Ernie Garcia and Parkmyfleet CIO Kristin Slanina will bring their latest insights for consignors and auctions at the International Automotive Remarketers Alliance annual Summer Roundtable.
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KAR will shed debt and can concentrate on digital sales, while Carvana gains access to more cars and dealer relationships. But questions remain.
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The agreement is closely aligned with KAR’s digital strategy, and will allow KAR to focus on its portfolio of digital marketplaces.
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A new Purchases Page brings greater speed and centralized buying to customers.
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The new format offers features such as an improved vehicle photo gallery with a separate damages section, easier to find tire condition, and list of options.
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Billed as the first of its kind, enterprise IoT innovation delivered by CoreKinect and Comcast’s MachineQ will help customers and employees locate vehicles faster at ADESA’s 70+ locations.
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Today’s international market conditions are not so different than they were 20 years ago and there are opportunities to be had (but no one said it was easy).
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All-new Purchases Page Brings greater speed, simplification and centralization to buying on ADESA.
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The technology showcases how specifically tailored repairs and enhancements will improve a vehicle's grade, speeding up its readiness for the front line.
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