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The new interface offers buyers the ability to create a customizable bidding experience meant to simplify the vehicle purchasing process.
Read More →KAR Auction Services has joined the Mobility Open Blockchain Initiative (MOBI) Electric Vehicle Grid Integration (EVGI) working group, a consortium of smart mobility industry leaders exploring blockchain technology for use in the digital mobility ecosystem.
Read More →ADESA has made it easier and faster to find vehicles on its website through its new natural language search functionality, the company announced.
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Sedan wholesale values are expected to improve as more SUVs and crossovers return to the used market. Meanwhile, SUV and crossover wholesale values are beginning to decline
Read More →ADESA named the general manager of ADESA Mobile Auctions and the national manager of ADESA UVA.
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Used vehicles from fleet consignors in ADESA sales increased 4.3% to $13,771 in April compared to March, and were up 4.4% from a year ago, according to monthly commentary from Tom Kontos.
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For ADESA, moving more of its sales toward digital is a way toward safer auctions.
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By changing the structure and way its auctions operate; implementing a safety mascot inspired by Disney, and adopting a organization-wide culture of safety, KAR reduced its accident rates by 60%.
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The new location sits atop 13 acres of land near major thoroughfares in neighboring Toluca, the company announced.
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The spring / tax season market uptick helped make March a strong month for used vehicle sales, and late-model sedans from fleet leasing consignors continue to outperform their SUV/CUV counterparts, according to Tom Kontos, KAR's chief economist.
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