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Preferred Warranties announced a series of enhancements to its vehicle protection plans lineup, including expanded terms and coverage for rideshare customers.
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Executives said a wave of acquisitions and new offerings prompted the name change, saying dealers and other automotive industry users are increasingly demanding ‘global’ solutions.
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KAR Auction Services will spend $3.75 million to build a new headquarters for its TradeRev division in downtown Indianapolis’ Century building, the former home of Indiana’s first automaker.
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Scott Drehs has been named ADESA’s first-ever leader of major dealer accounts after serving as regional vice president of operations for AFC, another KAR Auction Services brand.
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Facing new global realities and pressure on multiple fronts, the Federal Reserve cut interest rates for the first time in more than a decade in an attempt to prolong the economic expansion.
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KAR Auction Services has fully integrated and officially rebranded the recently acquired CarsOnTheWeb as ADESA Europe, serving dealers, wholesalers, manufacturers, and fleets in more than 50 countries.
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Allison Marley has joined Preferred Warranties Inc. as the KAR Auction Services division’s new vice president of sales.
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