The agreement is closely aligned with KAR’s digital strategy, and will allow KAR to focus on its portfolio of digital marketplaces.
Today’s international market conditions are not so different than they were 20 years ago and there are opportunities to be had (but no one said it was easy).
Tom Caruso is retiring from KAR Global after more than 40 years in the remarketing industry.
Prices and volume are not expected to plummet in 2019, but industry experts seem to feel that the best-case scenario will be a plateau, and more realistically, will fall slightly.
Three-year-old full-size vans retained the most value among trucks, vans, and SUVs in the wholesale used vehicle market, according to Tom Kontos, KAR Auction Services' chief economist.
In May, average wholesale values fell relative to April, though they remain up on a year-over-year basis largely because of the price strength of trucks, according to ADESA.
Diesel-powered pickup trucks sell for more than 30% of their gasoline counterparts after three years of fleet usage and return greater value with higher odometer readings, according to data from ADESA.
ARI, a global fleet services provider specializing in complex car and truck fleets, hosted a celebration recognizing and honoring the 2012 Regional Auction of the Year award winners on May 17.
All good things eventually come to an end. So, too, will today’s abnormally high used-vehicle prices. Today's resale values are an anomaly caused by a decrease in used-vehicle inventory in the wholesale market, resulting from the extremely low sales of new vehicles from 2009-2011. You need to educate management that today’s resale values will decline. Otherwise, you run the risk of being management’s future scapegoat for declining resale values due to their misperceptions of the market.
MT. LAUREL, N.J. - Automotive Resources International (ARI) announced the first-ever recipients of its Auctioneer of Distinction award.
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