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The deal builds on KAR's growth in the dealer-to-dealer segment, enhances its profile in the fragmented wholesale used vehicle market, and accelerates the company’s overall move to digital auction marketplaces.
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The mobile experience makes it simpler and easierto access and participate in live, auctioneer-led sales from any location.
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The IARA Summer Roundtable conference balanced a look back at successes while confronting industry challenges ahead.
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KAR expects to be immediately profitable across its North American dealer-to-dealer platforms while enhancing its position in the highly fragmented wholesale used vehicle market.
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A simple camera system enables auction operations and dealers to market and sell vehicles at any point after a quick 360-round photo session.
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The new inspection solution provides a more efficient process for clients to assess a vehicle’s exact condition before making listing and buying decisions.
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As more auto dealers try to save time and increase margins through digital wholesale transactions, Fyusion Technology is providing imaging for a more transparent, lower risk buying experience.
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Remarketing professionals at several leading FMCs are observing a strong truck market in the wholesale market, a continued shift of fleet portfolios moving toward more crossovers/SUVs, and an increase in digital auction activity.
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Manheim has released three new enhancements to its digital marketplace by adding significantly more images on vehicles checked in at a physical location; the opportunity to more easily transact at below-floor prices; and an additional sale format.
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ADESA recently hosted a single digital auction event with vehicles in 22 different locations using the company’s Simulcast Plus technology.
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