Auction News

KAR Auction Services, Inc. reported revenue from continuing operations of $671.3 million for the fourth quarter. This is a 13 percent increase year-over-year from $593.8 million from continuing operations. Net…
Dave Cantin Group (DCG), one of the world’s largest automotive dealership M&A firms, announced that 2019 was a record-breaking year in both closure rates and charitable giving. In 2019, the…
Wholesale used vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) increased 0.39 percent month-over-month in January, according to the Manheim Used Vehicle Value Index. It brought the Index…
Wholesale prices over the past seven months may reflect used-car market ‘fatigue,’ reported Tom Kontos, chief economist for KAR Global, in his December 2019 Kontos Kommentary. Kontos, in his report,…
Location Services, LLC, a loss mitigation provider, has made several changes to its senior management team. Lee McCarty, CEO of Location Services, has decided to retire after 35 years in…
Bryan K. Barnett, mayor of Rochester Hills, Mich., and president of the U.S. Conference of Mayors, celebrated the signing of the United States-Mexico-Canada Agreement (USMCA) implementation legislation by President Donald…
Following the acquisition of the Fort Wayne Auto Truck Auction last September, the Indiana Auto Auction has made some key additions to its managerial staff, reports the auction’s managing partner,…
KAR Auction Services Inc. has added Carmel Galvin to its board of directors effective Feb. 1. Galvin brings more than 25 years of leadership experience from her work with global…
Barrett-Jackson kicked off its “Road to 50” – a year-long celebration toward the company’s 50th anniversary – with its largest and most successful auction in its 49-year history. The celebrity-filled…
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