Overdrive by ADESA
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...
VIDEO: Kontos Kommentary for April 2018

VIDEO: Kontos Kommentary for April 2018


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Average wholesale used vehicle prices registered their second consecutive year-over-year price decline in April. However, April prices were seasonally strong, despite softer retail demand. Prices appeared to be particularly strong for off-lease vehicles, which is testimony to the effectiveness of upstream sales in preventing oversupply of these units at physical auctions. Watch my April Kontos...
TradeRev Talks Auction AI, Company Growth and More During Auto Remarketing Podcast

TradeRev Talks Auction AI, Company Growth and More During Auto Remarketing Podcast


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This is a guest post by James Tani, executive vice president and co-founder at TradeRev. Like ADESA, TradeRev is part of the KAR Auction Services group of companies. In just five years, TradeRev—a digital platform that facilitates live, dealer-to-dealer vehicle auctions in the United States and Canada—has grown at a rapid pace. To keep up...
More People Are Buying Electric Vehicles. Why Should Car Dealers Care?

More People Are Buying Electric Vehicles. Why Should Car Dealers Care?


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A recent survey by AAA found that one in five Americans will likely choose an electric vehicle for their next automotive purchase, up from 15 percent in 2017. While there may be a gap between intention and actual behavior (EVs make up only around 1 percent of the market), it’s clear that electric cars are...
World Auto Auctioneering Champions Take Over ADESA Chicago

World Auto Auctioneering Champions Take Over ADESA Chicago


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Auctioneering is an art. Auctioneers all feature their own unique style and rhythm in their craft. They add in filler words, questions and phrases during the auction chant—ranging from simple phrases to quick jokes to observations about the vehicle or auction block—to keep the audience excited and engaged, and to keep their own rapid pace....