Overdrive by ADESA
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VIDEO: Kontos Kommentary for July 2016

VIDEO: Kontos Kommentary for July 2016


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Average wholesale values fell again seasonally in July, but they remain up on a year-over-year basis largely because of the continued price strength of trucks and continued growth of younger, lower-mileage, higher-priced off-lease supply. Recalls also played a role in the overall positive price performance, so it is not clear how wholesale prices might have...
Elio Motors Returns to ADESA Headquarters

Elio Motors Returns to ADESA Headquarters


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Nearly three years ago, Elio Motors visited ADESA and KAR headquarters in Carmel, Indiana, to show us an early-stage version of their prototype vehicle. After years of refining, the innovative company returned and showed us just how far their prototype has evolved – with the P5. Employees got to sit in the vehicle, and learn...
Q&A with Jane Morgan, President of Specialty Auction Division

Q&A with Jane Morgan, President of Specialty Auction Division


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Jane Morgan is an auction veteran who has been with ADESA for more than 26 years. As the president of ADESA’s specialty division, she has a deep knowledge base about a unique segment of our business, but she also has a wide variety of experiences within the industry. Here’s what Jane shared about her newly...
VIDEO: Kontos Kommentary for June 2016

VIDEO: Kontos Kommentary for June 2016


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Average wholesale values fell again on a month-over-month basis in June, but they remain up on a year-over-year basis largely because of the continued price strength of trucks. A portion of the month-over-month price decline can be explained by the usual falloff in prices from May to June, typifying the transition from the strong spring/tax...
VIDEO: Kontos Kommentary for May 2016

VIDEO: Kontos Kommentary for May 2016


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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. Retail used vehicle sales were flattish on a year-over-year basis and certified pre-owned sales were down. This limited the demand-side support for wholesale values receiving downward pressure from supply growth. Watch the...
5 Valuable YouTube Channels For Car Dealers

5 Valuable YouTube Channels For Car Dealers


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For car dealers who don’t have time to read every industry trend article, YouTube videos are a great way to hear about insights and commentary in a more engaging format. But with all the YouTube channels out there, it can be hard to find the ones relevant to car dealers. That’s why we created this...
Q&A with ADESA COO Paul Lips

Q&A with ADESA COO Paul Lips


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Paul Lips has seen a lot of changes in our industry since joining ADESA’s finance department 20 years ago. He’s worked in the office and in the trenches, and has a vast knowledge base about the auction, its processes and its customers. Recently, Paul shared some thoughts about the industry’s evolution and about his new...
VIDEO: Kontos Kommentary for April 2016

VIDEO: Kontos Kommentary for April 2016


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The traditional Spring tax-season market appeared to wane in April, as average wholesale prices rose only modestly on both a sequential and annual basis. As in previous months, drilling down into the data reveals softness due to supply growth that is not as evident in the top-line numbers. On a positive note, retail used vehicle...
ADESA Completes Purchase of Brasher’s Auto Auctions

ADESA Completes Purchase of Brasher’s Auto Auctions


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With our purchase of Brasher’s Auto Auctions now complete, I would like to offer my warmest welcome to this addition to the ADESA company. Brasher’s is a leader among independent auctions, with a strong mix of commercial and dealer consignment customers. Along with increasing ADESA’s footprint with eight auctions in three new states, the addition of...