KAR Global Inc. will focus on honing and growing its slate of digital assets as it prepares to sell its massive ADESA U.S. auto auction business to online used-vehicle retailer Carvana — a move that ...

Online used-car retailer Carvana appears to be developing one of its auction and reconditioning “megasites” in northwest ...

ADESA Clear, the digital wholesale auction product of Carvana’s auto auction subsidiary, has expanded in a big way. The platform launched in late 2023 and grew regionally last year and the early ...

For decades, you could walk into an ADESA facility (or any auto auction, for that matter) and generally know what to expect on sale day. A multitude of lanes, each with a block where an auctioneer ...

Online used-vehicle retailer Carvana, pressed in recent months to expand its vehicle reconditioning capacity, said Thursday it plans to buy the ADESA U.S. physical wholesale auction business from KAR ...

PHOENIX--(BUSINESS WIRE)-- Carvana (NYSE: CVNA), the industry pioneer for buying and selling cars online, has signed a definitive agreement to acquire ADESA’s US physical auction business (“ADESA U.S.

Carmel-based KAR Global announced Thursday it has reached an agreement to sell its U.S. physical vehicle auction business—known as ADESA—for $2.2 billion in cash to Tempe, Arizona-based Carvana. The ...

FLINT, MI -- An auto auction that’s been on Flint’s east side for more than 65 years is permanently laying off 133 employees, saying it’s the result of fallout from the coronavirus pandemic. In a ...

FLINT, MI -- An auto auction on Flint’s east side says economic conditions have continued to deteriorate this summer, forcing it to terminate 40 more employees after permanently laying off 133 in June ...

PHOENIX--(BUSINESS WIRE)-- ADESA, a leader in wholesale auto auctions and subsidiary of leading online auto retailer Carvana (NYSE: CVNA), today announced new milestones in the expansion of its ...