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 ...

Revered for its high-revving naturally-aspirated engine and telepathic handling, the Honda S2000 is one of the Japanese ...

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 ...

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. ...

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, ...

Salvato Auctions said it will officially launch this summer. But on Tuesday, the auction platform for insurance vehicles announced the appointment of Dan Oscarson as head of global buyer development.

The totaled auto auction industry is a lucrative market with many tailwinds. 80% of the market is split between Copart and IAA, making it a Duopoly. The companies differentiate each other in their ...

To continue reading this content, please enable JavaScript in your browser settings and refresh this page. The company provides salvage auction services for insurance ...

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 ...