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ADESA Auctions Take On the Culinary Challenge for Charity

ADESA Auctions Take On the Culinary Challenge for Charity


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Several ADESA auctions helped Chrysler Capital/Santander Consumer USA raise money for charity by taking part in the 3rd annual Culinary Challenge for Charity. At each participating auction, a representative from the auction went head-to-head in a cooking competition with a Santander rep, each making his or her own version of the chosen dish. Spectators voted...
ADESA Chicago Car Wrap Campaign Wins Design Award

ADESA Chicago Car Wrap Campaign Wins Design Award


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Recently we celebrated the first sale at ADESA Chicago, and the good news from that location continues to roll in. We’re proud to announce that one of our marketing campaigns for the new facility was recently honored with a graphic design award. One creative idea we had to promote the new auction and build name...
VIDEO: Kontos Kommentary for October 2016

VIDEO: Kontos Kommentary for October 2016


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The softening wholesale price environment became more apparent in October, as wholesale supply continues to grow while retail demand weakened. A point I have not seen noted by other analysts is that new vehicle sales for the year finally fell behind last year’s year-to-date levels, indicating that 2016 will not match 2015 record in total...
VIDEO: Kontos Kommentary for September 2016

VIDEO: Kontos Kommentary for September 2016


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Average wholesale values were flat in September, but remained up on a year-over-year basis primarily on the strength of truck prices and a higher proportion of pricier off-lease units. Retail used vehicle sales, including CPO sales, were relatively weak, though both remain up for the year. To read the entire Kontos Kommentary used vehicle market...
KAR and ADESA Employees Set New Food Drive Record

KAR and ADESA Employees Set New Food Drive Record


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KAR employees have once again impressed with their incredible generosity—and their competitive spirit—during the 6th annual Battle of the Floors Food Drive to benefit Midwest Food Bank. While typically hosted in November, the decision was made to shift this year’s food drive to September to coincide with National Hunger Action Month. As with previous KAR...
VIDEO: Kontos Kommentary for August 2016

VIDEO: Kontos Kommentary for August 2016


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Average wholesale values fell modestly and in line with typical seasonal patterns in August. Prices were again up on a year-over-year basis largely because of the continued price strength of trucks and a richer mix of younger, lower-mileage, higher-priced, off-lease units. Retail used vehicle sales, including CPO sales, also experienced seasonal declines in August, though...
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...
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...