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Batteries News:

Net soars at ADESA's parent on tax gains

Net income at KAR Auction Services, ADESAs parent, soared in the fourth quarter because of a special gain related to the changes in federal corporate taxes....


KAR buys STRATIM to boost ride-sharing fleet management business

KAR Auction Services has acquired fleet management software company Stratim. The deal will give KAR an entry into the nascent industry of providing services to ride-sharing and other transportation-as-a-service providers....


No letup in blitz of new products, Manheim says

Manheim will extend rapid introductions of digital enhancements into 2018, as the technology race among auctions rages....


Slowing growth in off-lease volumes, better mix will help in '18

Used-vehicle sales will grow modestly to 39.5 million units in 2018, driven by a more desirable mix of off-lease vehicles and consumers with more take-home pay....


Hammer named to head ADESA

John Hammer has been named president of the ADESA unit of KAR Auction Services, effective Feb. 26. He replaces Stephane St-Hilaire, who resigned....


Cheap leases take toll on used market

Its easy to see why wholesale prices for used midsize sedans are declining: aggressively priced, subvented leases adopted two and three years ago to clear out the cars as consumer preferences shifted to crossovers and SUVs have begun to ripple......


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