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VIDEO: Kontos Kommentary for June 2018

VIDEO: Kontos Kommentary for June 2018


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Average wholesale used vehicle prices registered their fourth consecutive year-over-year price decline in June and also fell on a monthly basis at a greater-than-seasonal clip. The wholesale market has reached a steadier state in terms of “mix” than existed a year ago or two years ago, when an influx of younger, off-lease vehicles and a...
VIDEO: Kontos Kommentary for May 2018

VIDEO: Kontos Kommentary for May 2018


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Average wholesale used vehicle prices registered their third consecutive year-over-year price decline in May. However, prices were again seasonally strong and retail used vehicle sales were solid, especially for independent used vehicle dealers. Wholesale prices remain strong for off-lease vehicles, which, as noted last month, is testimony to the effectiveness of upstream sales in preventing...
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...
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....
VIDEO: Kontos Kommentary for January 2018

VIDEO: Kontos Kommentary for January 2018


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Wholesale used vehicle prices started the year in the pattern that characterized much of 2017 in the months prior to hurricane season. Namely, car prices tended to fall while truck prices provided a boost to average wholesale values. In January, car prices continued to show year-over-year price declines, while truck prices did the opposite, but...
Top Seven Car Commercials of the 2018 Super Bowl

Top Seven Car Commercials of the 2018 Super Bowl


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While the Philadelphia Eagles were on their way to clinching a heart-pounding underdog victory during the 2018 Super Bowl, creative car commercials were also getting in on the action. As a car lover and someone who’s worked in marketing my entire career, I’m always excited to see what the world’s top brands will come up...
ADESA Phoenix Raises More Than $22,000 for JDRF

ADESA Phoenix Raises More Than $22,000 for JDRF


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Every January, tens of thousands of car aficionados and gearheads descend on Scottsdale for the annual Barrett-Jackson auction—a one-of-a-kind event featuring the rarest, most amazing and exotic cars crossing the auction block. In tandem with this global auction event, ADESA Phoenix hosts its annual Legendary Sales Week. The event allows our customers to experience the glitz...
Paul Lips Talks Trends on the Auto Remarketing Podcast

Paul Lips Talks Trends on the Auto Remarketing Podcast


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During an incredibly successful Used Car Week 2017, ADESA COO Paul Lips took a few minutes to chat with Auto Remarketing Senior Editor Joe Overby for the Auto Remarketing Podcast. In their discussion, the pair talked about challenges and opportunities in the auto remarketing industry in 2018, safety measures at auto auctions, mobile apps in...