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 ...

This Lamborghini Gallardo is pretty smashed up from some sort of front-end collision, but for the right buyer, it might have ...

DETROIT, Feb 27 (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 ...

So you think you know the salvage auction business. Here are a few things about Insurance Auto Auctions Inc., a salvage auto-auction company and sibling to auction giant ADESA, that you may not know: ...

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 ...

When it comes to buying a truck, many people gravitate towards brand-new or lightly used models, assuming that these are the only options that can provide reliability and value. However, salvage ...

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 ...