Overdrive by ADESA
VIDEO: Kontos Kommentary for June 2018

VIDEO: Kontos Kommentary for June 2018


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Average wholesale used vehicle prices registered their fourth consecutive year-over-year price decline in June and also fell on a monthly basis at a greater-than-seasonal clip. The wholesale market has reached a steadier state in terms of “mix” than existed a year ago or two years ago, when an influx of younger, off-lease vehicles and a...
Georgia’s Independent Dealers to Talk Change at GIADA 2018

Georgia’s Independent Dealers to Talk Change at GIADA 2018


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Summer time is convention time for the state chapters of the independent automobile dealers’ associations. That’s why I’m off to Georgia July 12–14 for the GIADA convention at the Hyatt Regency Savannah. The theme for the 2018 Convention and Board Meeting is “It’s About Time: Change. Challenge. Opportunity.” The keynote speaker will be Herman Cain,...
VIDEO: Kontos Kommentary for May 2018

VIDEO: Kontos Kommentary for May 2018


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Average wholesale used vehicle prices registered their third consecutive year-over-year price decline in May. However, prices were again seasonally strong and retail used vehicle sales were solid, especially for independent used vehicle dealers. Wholesale prices remain strong for off-lease vehicles, which, as noted last month, is testimony to the effectiveness of upstream sales in preventing...
ADESA Raises $27K During 2018 NIADA/NABD Charity Auction

ADESA Raises $27K During 2018 NIADA/NABD Charity Auction


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We just wrapped up the first-ever NIADA/NABD mega-conference, and it couldn’t have been more of a success for ADESA and the other KAR Auction Services companies in attendance. ADESA and several other KAR companies occupied adjoined booth spaces so that visitors could appreciate the breadth of our brands, products and services. This year’s conference theme...
How We’re Changing the Way Dealers Remarket Off-Lease Vehicles

How We’re Changing the Way Dealers Remarket Off-Lease Vehicles


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Around 80 percent of off-lease vehicles in 2018 will go through a private-label auction powered by KAR Auction Services—the parent company of ADESA. As the leader in upstream auto auctions, KAR is constantly investing in innovative technology to support the growing number of dealerships that purchase off-lease vehicles—an important trend that has helped prevent used...
ADESA and KAR Gear Up for 2018 NIADA/NABD Mega-Conference in Orlando

ADESA and KAR Gear Up for 2018 NIADA/NABD Mega-Conference in Orlando


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One of the largest industry conventions for independent auto dealers is quickly approaching, and this year is shaping up to be the biggest one yet. From June 18-21, the National Independent Auto Dealers Association (NIADA) has merged with The National Alliance of Buy Here Pay Here Dealers (NABD) to present their Rewriting the Playbook 2018...
ADESA Boston Hosts Successful 2018 Classic Car Show & Motorcycle Run

ADESA Boston Hosts Successful 2018 Classic Car Show & Motorcycle Run


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Last weekend, ADESA Boston hosted another successful—and fun—Classic Car Show and Motorcycle Run. The 2018 edition of this event raised nearly $26,000 for JDRF, a global organization focused on funding research to find a cure for type 1 diabetes. Thirty bikes took part in the 30-mile-long, police-escorted motorcycle run. Spectators and car enthusiasts came to...
AFC President Jim Money Talks Floor Planning Challenges with Used Car News

AFC President Jim Money Talks Floor Planning Challenges with Used Car News


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In December 2015, the Federal Reserve kicked off the process of raising interest rates. Soon after, car dealers experienced an increase in the cost of floor planning their inventory. Today, the federal interest rates are five times higher than they were three years ago and show no signs of slowing down—prompting dealers to overcome new,...
Get Your Motor Runnin’: ADESA Boston Hosts Classic Car Show & Motorcycle Run

Get Your Motor Runnin’: ADESA Boston Hosts Classic Car Show & Motorcycle Run


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Cars and charity have always gone together at ADESA, and the annual Classic Car Show & Motorcycle Run at ADESA Boston is one of the longest-running, biggest charity events on our calendar. Since 2001, this annual event has raised more than $600,000 for numerous children’s charities. Now in its 18th year, the car show and...