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 ...

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, ...

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 ...

Porsche fans look away as a 918 Spyder looks to have been involved in a serious crash. All that’s left is a hulking heap of wires, metal and carbon fiber. A photo showing the odometer reveals that the ...

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 ...

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 ...

Ford Motor Company’s [NYSE:F] new Mustang Shelby GT350 only started deliveries a few months back but already one of the cars has turned up at a salvage auction. Thankfully it’s a 2016 model and not ...

KAR Auction Services Inc. said Tuesday that it will spin off its salvage auction business unit within the next 12 months so both entities will be able to focus on their separate priorities and boost ...

Last week, we reported on a Tesla Model 3 crashing head-on into a traffic light pole in what is likely the first major crash in Tesla’s new EV. Now, we get a closer look at the aftermath as the ...