Overdrive by ADESA
VIDEO: Kontos Kommentary for March 2017

VIDEO: Kontos Kommentary for March 2017


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The tale of two markets resumed in March, as wholesale prices were below year-ago levels for cars and above prior year for trucks. Nevertheless, both groups showed price increases versus February’s unseasonably soft results, as retail sales and wholesale activity showed signs of the traditional spring/tax season market typical for used vehicles. Watch the March...
Women & Automotive Canadian Leadership Forum 2017

Women & Automotive Canadian Leadership Forum 2017


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ADESA Canada was thrilled to be a sponsor of the 2nd annual Women & Automotive Canadian Leadership Forum. The forum took place directly following the Automotive Remarketing Canada Conference. This one-day event gives women the opportunity to network, share insights, hear from female leaders within the automotive industry and much more. Kim Miller of ADESA Toronto and Michelle Mullins of...
ADESA Canada Shines at Auto Remarketing Canada Conference 2017

ADESA Canada Shines at Auto Remarketing Canada Conference 2017


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ADESA Canada and ADESA subsidiaries were well represented at the 2017 Auto Remarketing Canada Conference and the Women & Automotive: Canadian Leadership Forum. We had a great time networking and learning from industry professionals across Canada and look forward to attending these events every year. Three of our colleagues were honored at the two-day Auto...
What Is the REAL Dealer Profit on Pre-Owned Vehicles?

What Is the REAL Dealer Profit on Pre-Owned Vehicles?


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We all like to celebrate when a high-grossing pre-owned vehicle rolls off the lot. But do you know how profitable it was really? Here are just a few of the questions you may have forgotten to ask: How long was the vehicle in inventory? Did the vehicle get appraised too low as a trade-in? Did...
Catch ADESA Canada at Auto Remarketing Canada Conference 2017

Catch ADESA Canada at Auto Remarketing Canada Conference 2017


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For the second year in a row, ADESA Canada will co-sponsor the Auto Remarketing Canada Conference. This conference gives us the opportunity to network and learn from professionals in the remarketing and used-vehicle industry across Canada. The event will be hosted at the Westin Harbour Castle in downtown Toronto on April 3-4. This year, I have...
Top ADESA Sales Performers Honored

Top ADESA Sales Performers Honored


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The annual ADESA Dealer Sales Meeting was recently held in Indianapolis. At the event, top individuals, teams and auctions were honored for their exemplary contributions to the areas of dealer sales, online sales and major dealer accounts. I had the distinct pleasure of announcing the Dealer Auction of the Year winner—ADESA Sacramento—and presenting the award...
VIDEO: Kontos Kommentary for February 2017

VIDEO: Kontos Kommentary for February 2017


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Further concrete evidence of price softening appeared in February as prices uncharacteristically, and unseasonably, softened rather than firmed versus January. Prices fell for virtually all model years and all model classes.  Prices were still up on a year-over-year basis, but this was again primarily due to the influx of younger off-lease units. Watch the February...
Energy and Excitement in the Air at ADESA Chicago Grand Opening

Energy and Excitement in the Air at ADESA Chicago Grand Opening


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This is a guest post from Doug Shore, Senior Vice President of Auction Operations at ADESA. On Friday, March 17 — St. Patrick’s Day — ADESA Chicago hosted its grand opening extravaganza. This special event featured an impressive number of attendees, vehicles, guest sellers, giveaways, a bagpiper and more. ADESA Chicago General Manager Troy Peterson...
Wishing a Happy Retirement to Dan Kennedy at GM Remarketing

Wishing a Happy Retirement to Dan Kennedy at GM Remarketing


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Last month, Dan Kennedy announced that he will soon be retiring from General Motors. Dan has been synonymous with GM Remarketing for nearly 40 years, and he has left an indelible mark as an icon within our industry. Having had the privilege of knowing Dan and working with him for many years, I’ve been continually...