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 ...

DETROIT, Feb 27 (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 ...

KAR Auction Services leaders say spinning off the company's salvage auction unit — now set for completion in June — will help each of its auction businesses be more focused while returning value to ...

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, ...

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. ...

Ever thought that junk cars could be a great business? With repair costs exceeding vehicles’ market value, insurers are declaring more smashed cars as total loss. Salvage auto auctioneers are reaping ...

Two of the largest salvage auction companies are in different stages of their journeys as publicly traded companies. One on its way toward a first anniversary; the other breaking out silver to ...