Canadian equipment marketplace Ritchie Bros Auctioneers Inc. said on Monday it would buy U.S.-based IAA Inc.in a deal valued at about $7.3 billion to diversify into the salvage vehicle market. The ...

Negative equity can be significant hurdle to clear when dealerships handle trades, as Edmunds recently reported 7.7% of trade-ins toward a new-vehicle purchase during the second quarter were upside ...

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, ...

A top Ritchie Bros. Auctioneers Inc. shareholder is opposing a takeover of auto salvage and parts auction company IAA Inc., a business it calls "distinctly inferior." Luxor Capital Group, which owns ...

Insurance Auto Auctions recently launched Active Inventory Management, the company’s latest innovation designed to help buyers and sellers outsource their salvage inventory management process to IAA. ...

DETROIT (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 to focus ...

Insurance Auto Auctions is taking smartwatch convenience into the car-auction realm with its launch of an Apple Watch application that lets buyers view the status of vehicles in the bidding process ...

IAA is the challenger to Copart in the market for selling totaled cars. Nick Sciple: I want to talk briefly, in addition about some of these other companies in the industry, Copart isn't the only ...