Auction News

KAR Auction Services Inc. d/b/a KAR Global announced it has suspended all employee air travel through March 31. “This temporary precaution is being implemented in response to the COVID-19 coronavirus…
Manheim Nashville suffered damage after severe storms and tornadoes ripped through the Nashville area affecting three counties in the early morning hours of March 3. “We can confirm that Manheim…
In June of 2019 ServNet Auctions announced that it had joined with remarketing partner Flexco Fleet Services in support of The Hourglass Foundation. The group’s efforts center on raising funds…
Xcite Automotive has acquired Denver-based Car Studio Pros, an online auto show room equipped with state-of-the-art photo studios and software. The acquisition will allow Xcite Automotive to expand on its…
ShipYourCarNow, an automotive transportation, technology and service provider, has partnered with E-Dealer Direct, an online used car auction focused on front line units from a variety of sellers. El Paso…
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,…

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