After completion of spin-off, KAR will focus primarily on its whole car auction marketplaces and technology solutions serving OEMs, captive financing companies, vehicle lending institutions, fleets, ...

The popularity of salvage car auctions has increased recently because of their distinctive viewpoint on the business and environmental elements of the automobile industry. These auctions, in which the ...

Insurance salvage auctions are like the Wild West of car sales, where caveat emptor is the law of the land. That means doing your due diligence, unless you want to end up with a perfect-looking family ...

In many ways, insurance salvage auctions are the great equalizer in the automotive world. No matter how important, how anticipated, how advanced a new car is, there will always be a first to fall to ...

While purchasing out-of-commission vehicles has long been the purview of salvage yards and auto-restoration enthusiasts, a new market has been emerging when it comes to out-of-use electric vehicles: ...

Ever thought that junk cars could be a great business? With repair costs exceeding vehicles’ market value, insurers are declaring more smashed cars as total loss. Salvage auto auctioneers are reaping ...

KAR Auction Services leaders say spinning off the company's salvage auction unit — now set for completion in June — will help each of its auction businesses be more focused while returning value to ...

DETROIT (Reuters) - Vehicle auction company KAR Auction Services Inc said on Tuesday it will spin off its salvage auction business unit within the next 12 months so both entities will be able to focus ...

Copart's strong market leadership and online auction platform drive its revenue growth, supported by a 37.7% market share in the online automotive auction market. US Domestic Auto Production ...

Copart announced more than just the third-quarter financial performance of its current fiscal year as the company also said late last week that it acquired Salvage Parent, which conducts business ...