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Kar Auction Services

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September 7, 2017 - Industry News

Manheim to Close Florida Auctions Ahead of Irma

Satellite image of Manheim Fort Lauderdale via ThingLink.

Manheim said it's closing four of its Florida auctions on Friday ahead of Hurrican Irma's expected landfall there. The storm battered Puerto Rico on Wednesday after striking the northern Lesser Antilles and the Virgin Islands with 185-mile-per-hour winds.

Tags: ADESA, Auto Auctions, Hurricane Harvey, Kar Auction Services, Manheim, Natural Disaster

July 17, 2017 - Industry News

Kontos: Wholesale Prices Softening Despite YOY Increase in June

Average wholesale prices in June were down vs. June but up vs. a year ago. A drill down into the data, however, reveals price softening on a year-over-year basis when accounting for sales type, vehicle age, model class, and mileage, KAR Chief Economist Tom Kontos said this week.

Tags: ADESA Analytical Services, Kar Auction Services, Tom Kontos, Wholesale Pricing

April 24, 2017 - Industry News

Kontos: Tale of Two Markets Resumes in March

While wholesale prices were below year-ago levels for cars, they were up for trucks. The revelation prompts KAR Auction Services' chief economist to revisit a study he began during the industry's first experience with $4 gas back in 2008, when the price gap between trucks and cars closed dramatically.

Tags: ADESA Analytical Services, Kar Auction Services, Tom Kontos

April 19, 2017 - Industry News

KAR to Acquire DRIVIN for $43M

KAR Auction Services will acquire the company that operates as DRIVN for $43 million. The company was founded in 2015 as CarCo Technologies by Groupon cofounders Brad Keywell and Eric Lefkofsky.

Tags: Data, DRIVIN, Kar Auction Services

March 22, 2017 - Industry News

KAR Doubles Down on TradeRev

KAR Auction Services extended $15 million in credit to TradeRev, the digital auction platform in which KAR acquired a 50% stake in 2014.

Tags: Auto Auctions, Kar Auction Services, TradeRev

January 18, 2017 - Industry News

Kontos: December Wholesale Prices Fall, Up 3.9% YOY

Wholesale used-vehicle prices in December averaged $10,642, which was essentially flat with the prior month but up 3.9% from a year ago, according to ADESA Analytical Services.

Tags: ADESA, Kar Auction Services, Tom Kontos, used-vehicle values, Wholesale Pricing

November 15, 2016 - Industry News

ADESA Acquires Michigan's Flint Auto Auction

KAR Auction Services today announced it has acquired Flint Auto Auction, a whole car auction facility in Flint, Mich. It will now operate as ADESA Flint.

Tags: ADESA, Auto Auction, Kar Auction Services

November 14, 2016 - Industry News

KAR Launches New Enterprise Functions to 'Accelerate Innovation' for Wholesale Industry

KAR Auction Services Inc. announced the creation of new enterprise functions and leadership roles in product development, data analytics and strategy. The company has both promoted from within and recruited from outside sources to fill these new positions.

Tags: ADESA, Hiring, Kar Auction Services, Promotions

November 2, 2016 - Industry News

ADESA Opens New Location In Chicago

ADESA has officially opened its new ADESA Chicago auto auction, a location that cost the company $40 million to develop, according to a company announcement.

Tags: ADESA, Chicago, Kar Auction Services, technology

September 29, 2016 - Industry News

KAR Promotes Fields to VP of IT Shared Services

Gary Fields, who joined the KAR group in 2003, was promoted to vice president of KAR IT Shares Services. He will be responsible for overseeing the coordination of any enterprise-wide technology solution implementations, as well as identifying and researching relevant emerging technologies.

Tags: IT, Kar Auction Services, President, Promotion

September 15, 2016 - Industry News

Preferred Warranties Adds to Executive Team

Preferred Warranties Inc. (PWI), a business unit of KAR Auction Services Inc., today announced the appointment of Ryan Warzynski as vice president of sales and marketing.

Tags: Hiring, Kar Auction Services, Preferred Warranties, Vice President

September 8, 2016 - Industry News

instaVIN Names New Director of Business Development

Edie Hirtenstein, director of business development.

instaVIN has named Edie Hirtenstein director of business development. The 14-year automotive industry veteran will be responsible for managing customer relationships, and identifying and implementing products and services that further expand the business, according to the company.

Tags: Hiring, instaVIN, Kar Auction Services

September 7, 2016 - Industry News

KAR Auction Services Names New Senior Vice President

Stacey White, senior vice president of enterprise optimization.

KAR Auction Services Inc. has promoted Stacey White to senior vice president of enterprise optimization. The more than 20-year veteran of the auto remarketing industry will maintain her prior duties while also overseeing the company’s procurement and sourcing strategies.

Tags: Kar Auction Services, Promotion, Vice President

May 31, 2016 - Industry News

KAR Names Vice President of Autoniq Subsidiary

Nicole Archer has been named vice president of Autoniq, a real-time information provider for dealers, according to the company.

Tags: ADESA, Autoniq, Kar Auction Services, Promotion, Vice President

January 19, 2016 - Industry News

ADESA Names New Executive Director of Dealer Relations

The KAR Auction Services business unit has promoted Ryan Warzynski to executive director of dealer relations, a role in which he will manage all of ADESA’s dealer contact centers for vehicle inventory at the company’s auction locations across the country.

Tags: ADESA, Kar Auction Services, Ryan Warzynski

December 14, 2015 - Industry News

KAR Auction Services Hires Vice President of Total Rewards and Human Resources

KAR Auction Services has hired Toby Hahn as vice president of total rewards and promoted Brad Jokovich to vice president of human resources.

Tags: Automotive Finance Corp, Kar Auction Services, Vice President

December 9, 2015 - Industry News

KAR CFO Named CFO of the Year Award

KAR Auction Services' Eric Loughmiller was named the Indianapolis Business Journal’s 2015 CFO of the Year award in the public companies category, the firm announced this week

Tags: Awards, Eric Loughmiller, executive vice president, Kar Auction Services

November 25, 2015 - Industry News

ADESA Names Vice President of Legal

ADESA named Heather Greenawald vice president of legal. She will lead the company’s legal team and manage relationships with outside counsel.

Tags: ADESA, Kar Auction Services

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