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VIDEO: Kontos Kommentary for June 2017

VIDEO: Kontos Kommentary for June 2017


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Average wholesale prices in June were down versus May but up on a year-over-year basis. However, drilling down into the data once again clearly reveals price softening on a year-over-year basis when accounting for sale type, vehicle age, model class and mileage. Watch the June Kontos Kommentary below: To read the entire Kontos Kommentary used...
ADESA and NAAA Bring Virtual Auto Auction to Capitol Hill

ADESA and NAAA Bring Virtual Auto Auction to Capitol Hill


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Several members of the National Auto Auction Association (NAAA) recently brought the excitement of the auction experience to a Senate Automotive Caucus meeting in Capitol Hill. I had the great honor of being part of this group, along with three ADESA colleagues: Heather Greenawald and Elizabeth Murphy of our legal team, and Warren Clauss, general...
What Dealers Need to Know About Mobile Auctions

What Dealers Need to Know About Mobile Auctions


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This is a guest post from Jane Morgan, president of specialty auctions division at ADESA. At ADESA, we believe in providing our customers with as many channels as possible to buy or sell a vehicle or specialty unit. Mobile auctions are one of those platforms that can be customized to meet the unique demands or...
Celebrating 30 Years of Community Service at ADESA Winnipeg

Celebrating 30 Years of Community Service at ADESA Winnipeg


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This is a guest post from Gregg Maidment, general manager of ADESA Winnipeg and senior vice president of Canadian operations at ADESA. The 30th anniversary celebration at ADESA Winnipeg brought together family, friends, retirees, and our many dealer partners. The start of the auction goes back to 1987, when Mike Lawrence, founder of Canadian Auction Group...
ADESA Boston Celebrates Milestone 70th Anniversary

ADESA Boston Celebrates Milestone 70th Anniversary


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This is a guest post from Jack Neshe, General Manager at ADESA Boston. At ADESA, we frequently recognize auction anniversaries. But this one is particularly special. This year, ADESA Boston has been in business for 70 years—seven decades. I have been fortunate to be the general manager for ten of them. Most people know ADESA...
ADESA and KAR Companies Raise $28,000 for NIADA Foundation

ADESA and KAR Companies Raise $28,000 for NIADA Foundation


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We had another great turnout for our charity auction at the 2017 NIADA Convention and Expo in Las Vegas. A large crowd gathered to bid on a red 2016 Nissan Frontier SV crew cab pickup. Car City Super Center in Grand Rapids, Michigan, walked away with the truck with a winning bid of $28,000. The...
VIDEO: Kontos Kommentary for May 2017

VIDEO: Kontos Kommentary for May 2017


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Average wholesale prices in May were flat versus April but up on a year-over-year basis, primarily due to the strength of truck prices and a younger mix resulting from off-lease supply growth.  As introduced last month, a drill-down into the data clearly reveals price softening when accounting for sale type and vehicle age, model class...
ADESA Boston Holds 17th Annual Classic Car Show & Motorcycle Run

ADESA Boston Holds 17th Annual Classic Car Show & Motorcycle Run


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Beautiful weather set the stage for ADESA Boston’s 17th annual Classic Car Show & Motorcycle Run earlier this month. More than 50 classic cars and motorcycles were entered in the show, and a 30-mile motorcycle run took 40 riders through several scenic Massachusetts towns — complete with a police escort of nine bikes and an...
Catch ADESA at NIADA 2017 in Las Vegas

Catch ADESA at NIADA 2017 in Las Vegas


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Every year, I look forward to attending the National Independent Automobile Dealers Association (NIADA) Convention & Expo in Las Vegas. This year’s event takes place June 12–15. The conference theme for 2017 is all about “charting your course.” Essentially, independent dealers need a clear path to navigate obstacles and achieve success. I think the timing...