ADESA's Caruso Reflects on Prized Classic Car, Importance of Web

Follow the link to see the video. From AutoRemarketing: ADESA's Caruso Reflects on Prized Classic Car, Importance of Web While also sharing the story about his reunion with a long-lost classic-car favorite, ADESA president and chief executive officer Tom Caruso offered his take during a recent video interview on how the Web has impacted the auction business.

In the video — which was recently posted to ADESA’s Overdrive blog — Caruso talks with Motor Trend Radio host Alan Taylor about their experiences in the car business and mutual love for classic cars, as well as the changes brought by the Internet.

“It has really taken down the barriers,” Caruso said of the Web. “On our LiveBlock system … we’ll have vehicles from all over the country.”

He added: “It’s not uncommon to have dealers from New York buying vehicles at our sale in Las Vegas … it has been great for us, and it has been great for the industry.

“It’s growing. Each week we see the numbers growing with the Internet presence,” Caruso continued.

The ADESA leader also shed a bit of light on a special 1968 Chrysler 300 that he and his father owned in the early 1980s. Caruso said he eventually sold the car to make a home purchase, but he was able to find and purchase it three years ago. And the three-year restoration of the car is now complete.