Auto auctions

Slower sales curb results at Adesa parent

November 3, 2011
J.K. Wall
Carmel-based KAR Auction Services suffered a 16-percent decline in its adjusted profit, missing analyst expectations.
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Indiana classic car auction sees attendance jump

September 5, 2011
Associated Press
Officials of the company that has taken over a long-running classic car auction in northeastern Indiana say they believe it has bounced back from the financial and legal troubles of its former owner.
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Former auction house owner Kruse released on bond

August 31, 2011
Associated Press
Former auction house owner Dean V. Kruse has been released on bond after surrendering to face a theft charge out of Pennsylvania alleging that he never paid a man $38,000 for selling an antique hearse.
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Embattled auctioneer wanted in Pennsylvania

August 30, 2011
Associated Press
Northeastern Indiana officials have issued an arrest warrant for embattled former auction house owner Dean V. Kruse, who has faced years of legal battles over his business practices.
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Indiana State Fairgrounds to host collector car auction billed as world's largest

May 7, 2011
 IBJ Staff
Last year’s Mecum auction at Indianapolis reported gross sales of $41.7 million and drew more than 30,000 people.
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KAR Auction reports higher profit, revenue

November 4, 2010
The auction company had revenue of $445.3 million in the quarter ended Sept. 30, a 4-percent increase from same quarter of 2009. Profit tripled, to $25.6 million.
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Auto auction's new owner calls first event a success

September 7, 2010
Associated Press
Auctions America by RM, which bought the former Kruse Auction Park in Auburn two months ago, said more than 25,000 people attended this past weekend's event, during which sales topped $13 million.
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Popularity of old cars indicates economic recovery

June 5, 2010
 IBJ Staff
Sales of Eisenhower-era Eldorados and Kennedy-era Corvettes provide signs of hope.
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Suspended Kruse hopes to keep famous auction going

May 26, 2010
Associated Press
Kruse's attorney said his 69-year-old client would like to find some way to keep the annual auction alive, possibly by finding another auction company to run this year's event.
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Gavel flies on muscle car auction

May 19, 2010
 IBJ Staff
"My Name is Earl" and "Charlie's Angels" cars are among the more peculiar offerings at the 1,750-vehicle Mecum Auction Co. collector car sale that runs through Sunday at Indiana State Fairgrounds.
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Ex-execs return to AdesaRestricted Content

May 21, 2007
Chris O'Malley
Less than two years after being driven out of Adesa Inc. as unceremoniously as a Buick down its auction lanes, James Hallett is back behind the wheel of the nation's No. 2 wholesale vehicle-auction company.
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  1. Saw the Indy Men's Chorus "Music of Gilbert & Sullivan" at the Indiana Historical Society on Sunday evening.

  2. Temporary workers are not "tools" they are people and companies that keep large amounts of temp staff are cheating.

  3. I miss having them around. I hope one of their stores is in the general Meridian/86th Street area. I will make good use of it.

  4. The Fringe! Plus, the simple fact that there are so many local faves in such close proximity to each other.

  5. I remenber, watching the toll road, being built, through South Bend, when I was 10 years old. I believe, back then that it was estimated, that the toll road, would be paid for in 20 years and then it would be free. I am now 71, what happened? Since the power is in the people, by that, I mean that, we the people are in total control of everything. I, suggest that no one ever use the toll road again, let it go broke. We the people can control the price of everything, from groceries to gas, if we would just do it. If we don't pay the asking price, the sellers will lower the price and if we wait awhile, they will lower the price to what we accept as reasonable. I would like to know why a highway like interstate 94, is so well maintained, a much better highway, than the toll road, but has no tolls. I would also like to know why, a sitting governor, with a term limit, maximum of eight years, can lease, public property, for 75 years. Even though I have transponders in both of my trucks and will not be affected by the increase, I have been and will contine to avoid using the toll road. I make many trips from northern Indiana to Chicago, every year, and I prefer the better highway, I94!

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