Auctions moving from bricks to bytes. (automobile auction companies ADT Automotive Inc and ADESA Corp form alliance to establish online service company)

Automotive News, April, 1998 by Wernle, Bradford

ADT Automotive Inc and ADESA Corp have withdrawn from the Auto Auction Services Corp to form their own partnership that would provide online services. ADESA is the 3rd largest auction company next to ADT. The ADT/ADESA alliance divides the automobile auction industry into two technological groups. ADT and ADESA plan to develop a computer system that would enhance the ADT Lion program, while Auto Auction will develop its own software and a Web site.

New alliance plans online service company

The events of the past few weeks were pivotal for the future of auto auctions, a brick-and-mortar industry struggling to come to grips with the Internet Age.

First, a new alliance of auctions met in New Orleans April 2 and took the final steps toward forming an online...

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