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, ...

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 ...

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 ...

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 ...

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 ...

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: ...

Earlier today, we reported on the first wrecked 2020 Toyota Supra to show up at a salvage auction. Its auction listing didn’t provide much background into how the Supra got to its current state, but ...

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 ...