KAR Auction Services Inc., 13085 Hamilton Crossing Blvd., Carmel 46032, is the holding company for ADESA Inc., which operates used-vehicle auctions at 67 locations; Insurance Auto Auctions Inc., which operates salvage auctions at 163 locations; and Automotive Finance Corp., which provides floorplan financing at 104 locations.
Carmel-based KAR Auction Services suffered a 16-percent decline in its adjusted profit, missing analyst expectations.
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.
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.
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.
Last year’s Mecum auction at Indianapolis reported gross sales of $41.7 million and drew more than 30,000 people.
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.
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.
The new owner of a long-running classic car auction in northern Indiana has announced plans to finish $1.5 million in improvements
to the facility before running its traditional Labor Day weekend sale for the first time.
A long-running classic car auction in northern Indiana will continue under a Canadian company that is taking it over from
its founder who has faced financial troubles.
Sales of Eisenhower-era Eldorados and Kennedy-era Corvettes provide signs of hope.
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.
"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.
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.
