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Lithia acquires two SoCal luxury stores, continuing busy buy-sell activity in auto Image courtesy of Lithia Motors & Driveway. Tuesday, Jun. 08, 2021, 03:14 PM By Joe Overby CARY, N.C. -  Whether it’s among dealer groups, auctions, tech providers or beyond, June has accelerated the auto industry’s momentum in the buy-sell/M&A space. Lithia Motors & Driveway, for instance, continued its aggressive expansion Tuesday, announcing it has purchased two luxury dealerships in Van Nuys, Calif.: BMW of Sherman Oaks and Acura of Sherman Oaks. Lithia projects the st...

Operator Ladies and gentlemen, thank you for standing by, and welcome to the KAR Auction Services Quarter one 2021 Earnings Conference Call. [Operator Instructions] I would now like to hand the conference over to your speaker for today, Mr. Mike Eliason, Treasurer, Vice President, Investor Relations. Mike, the floor is yours Mike Eliason -- Treasurer and Vice President, Investor Relations Thanks, Jay. Good morning, and thank you for joining us today for the KAR Global First Quarter 2021 Earnings Conference Call. Today, we will discuss the financial performance of KAR Global for the quarter e...

KAR Global Bolsters Digital Marketplaces With Acquisition of Auction Frontier Velocicast® Technology Fortifies Simulcast Capabilities and Enhances Customer Experience News provided by Share this article Share this article CARMEL, Ind., May 4, 2021 /PRNewswire/ -- KAR Auction Services, Inc. d/b/a KAR Global (NYSE: KAR), a leading operator of digital marketplaces for wholesale used vehicles, announces the acquisition of Auction Frontier, the pioneer of industry-leading, cloud-based auction simulcast solution Velocicast ®. The acquisition reflects the importance of KAR's ADESA Simulcast and S...

KAR purchases Auction Frontier, provider of simulcast tech for 300-plus auctions File photo of KAR Global's Peter Kelly during his keynote presentation at Used Car Week 2019. Photo by Jonathan Fredin. Tuesday, May. 04, 2021, 04:35 PM By Auto Remarketing Staff CARMEL, Ind. -  KAR Global said Tuesday it has purchased Auction Frontier, the developer of the Velocicast cloud-based auction simulcast solution. And here’s the kicker: Not only does Velocicast power KAR’s own ADESA Simulcast and Simulcast+ platforms, it also provides the technology behind the s...