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KAR Auction Services Raises $59,000 for JDRF Through Classic Car Raffle

October 23, 2014

FOR IMMEDIATE RELEASE

Darci Valentine
darci.valentine@adesa.com
317-249-4414

KAR AUCTION SERVICES RAISES $59,000 FOR JDRF THROUGH
CLASSIC CAR RAFFLE
KAR business unit ADESA donates 1971 Pontiac GTO

Carmel, Ind.-based KAR Auction Services, Inc. (NYSE: KAR), a provider of used vehicle auction services, announced today that its business unit ADESA raised $59,000 for the Juvenile Diabetes Research Foundation (JDRF) by raffling off a 1971 Pontiac GTO at the JDRF Walk to Cure Diabetes on Saturday, Oct. 4 in Military Park. KAR Auction Services CEO Jim Hallett made the announcement.

ADESA’s 65 North American auction locations contributed to the purchase of the Pontiac GTO, which was chosen by ADESA Indianapolis General Manager and JDRF Walk to Cure Diabetes Corporate Chair Dave Emerson as a way to generate excitement and donations. A total of 590 raffle tickets were sold for $100 apiece, resulting in the $59,000 donation at the event. Along with the car raffle donation, ADESA was also one of 79 corporate teams that participated in the walk.

“On behalf of the KAR group of companies, I would like to thank our own Dave Emerson for serving as an outstanding corporate chair for the Walk to Cure Diabetes, as well as our colleagues, friends, family and customers who participated in the raffle and on our team,” said Hallett. “We are overwhelmed by this generosity, and thrilled to be able to make an impact for such a worthwhile charity.”

The Walk to Cure Diabetes is one of several initiatives KAR participates in to support the JDRF. Representatives from the company also host a charitable car show each summer, with all proceeds going to the organization. This past summer, the car show raised more than $50,000 for the foundation.

“Several families within the KAR group of companies have been impacted by Type 1 diabetes, and it is an important cause for us to support,” said Emerson. “I would like to thank everyone at KAR for their dedication and commitment to making this event such a success.”

About KAR Auction Services
KAR Auction Services, Inc. (NYSE: KAR), a FORTUNE® 1000 company, operates used vehicle auction services for North American sellers and buyers worldwide. Based in Carmel, Ind., the KAR group of companies is comprised of ADESA, Inc. (ADESA), Insurance Auto Auctions, Inc. (IAA), Automotive Finance Corporation (AFC), and additional business units, with nearly 12,000 employees across the globe. Together, KAR’s complementary businesses provide support, technology and logistics for the used vehicle industry. For more information, visit karauctionservices.com.