Category: Industry News

Adesa to buy Openlane

August 17, 2011

There was big news in the auction world this week, when auction services firm Adesa announced it had signed a definitive agreement to acquire Openlane, an Internet-based business-to-business automotive remarketing company for $210 million. In a prepared statement by KAR …

Auction demand remains steady

August 17, 2011

According to the Openlane Market Index, which monitors auction sales, in Canada during the month of the July, prices paid for vehicles at auction remained even compared with June, though there was a slight upward trend in demand compared with …