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VIDEO: Kontos Kommentary for December 2015

VIDEO: Kontos Kommentary for December 2015


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2015 was largely a year when strong retail used vehicle and CPO demand, benign new vehicle incentive activity, and the embrace of upstream as well as traditional auction processes among remarketers diluted the usual negative impact of growing supply on wholesale values. Further masking that impact was the displacement of off-rental program vehicle volume that...
ADESA’s Top 10 Blog Posts of 2015

ADESA’s Top 10 Blog Posts of 2015


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Another year has come and gone. During these past 12 months, ADESA celebrated many incredible milestones and our Overdrive Blog was there to document it all. As we reflect on 2015, here is a list of our top 10 ADESA Overdrive Blog posts: 10. KAR Fun Fridays Return to Celebrate Americana Returning for their second year,...
November 2015 Kontos Kommentary

November 2015 Kontos Kommentary


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In November, average wholesale prices were up on a month-over-month basis and essentially flat on a year-over-year basis, but as in previous months, the uptick was largely driven by truck prices. Off-rental units showed price gains, but these gains are deceiving, as manufacturers and rental sellers reduced “conversion rates” (i.e., units sold as a percentage...
KAR Carmel Competes in the Corporate Challenge

KAR Carmel Competes in the Corporate Challenge


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KAR’s Carmel office took part in the company’s first Corporate Challenge this fall. This annual event—hosted at the Indianapolis Motor Speedway—brings teams from major companies in central Indiana together for fun and friendly competition, all for the chance to bring home bragging rights. The schedule included competitive events—running and bike races, cornhole, volleyball and bowling—as...
Warren Clauss Named NAAA Vice President

Warren Clauss Named NAAA Vice President


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We are excited that Warren Clauss, general manager of ADESA Buffalo, was recently elected vice president of the National Auto Auction Association (NAAA) for the 2015-2016 term. NAAA represents more than 300 member auctions and 100 associate members in North America. Warren is a familiar face to NAAA members. He’s previously served as director for...
VIDEO: Kontos Kommentary for October 2015

VIDEO: Kontos Kommentary for October 2015


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As in September, October average wholesale prices were driven up largely by upticks in truck prices. Still, wholesale values were solid in most model year and sale type categories, with the exceptions being off-rental risk and off-lease vehicles. The off-rental risk price declines were driven mostly by higher mileage vehicles, while the off-lease price softness...
On the Road to Arizona for Used Car Week 2015

On the Road to Arizona for Used Car Week 2015


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Next week, members of the ADESA, KAR Auction Services and PAR North America teams are heading out to Scottsdale, Arizona, for Used Car Week (UCW) 2015. We look forward to UCW every year, as it brings together innovative leaders of the remarketing and used-vehicle industry. UCW’s weeklong event will host four different conferences in one...
ADESA Tampa Receives 2015 Auto Auction of the Year Award

ADESA Tampa Receives 2015 Auto Auction of the Year Award


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I am pleased to congratulate ADESA Tampa on being named 2015 Auto Auction of the Year by the National Independent Automobile Dealers Association (NIADA). The NIADA is one of the nation’s largest trade associations and represents more than 38,000 licensed used car dealers in the motor vehicle industry. The award is given annually to the...
ADESA Toronto Switches Up Sales Approach

ADESA Toronto Switches Up Sales Approach


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Our very own Trevor Henderson and Richard Kennedy recently talked to Auto Remarketing Canada about ADESA Toronto’s new sales approach, called “2 O’Clock Tuesdays.” The auction replaced its Monday night sale with “2 O’Clock Tuesdays,” an event that offers lunch to all attendees, along with more than 400 vehicles. Then the auction turns around and hosts its weekly...