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KAR CEO Honored with the Ed Bobit Industry Icon Award

March 9, 2018

Jim Hallett Recognized Among Industry Leaders at the Conference of Automotive Remarketing

International Automotive Remarketers Alliance (IARA) and National Auto Auction Association and (NAAA) have awarded KAR Auction Services, Inc. (NYSE: KAR) Chairman and CEO Jim Hallett with its Ed Bobit Industry Icon award. This is the highest personal achievement award given by the IARA and NAAA, and recognizes individuals in the automotive business community who most exemplify leadership, dedication, service, and devotion to the ideal of excellence.

Under Hallett’s leadership, KAR Auction Services sold more than 5.5 million vehicles valued at over $40 billion in 2017 through its online, physical and mobile auction marketplaces. The company has 17,500 employees across more than 300 operating locations in the US, Canada, Mexico and the UK. Over the past several years, Hallett has led the company’s geographic and international expansion, and the acquisitions of TradeRev, DRIVIN, Stratim Flint Auto Auction and the Brashers Auto Auctions.

Hallett joined the company in 1993 as president of ADESA Canada, and in 1996 relocated to Indianapolis to serve as president and CEO of ADESA. Hallett was the architect behind the creation of KAR in 2009 by combining ADESA, Insurance Auto Auctions, Automotive Finance Corporation, PAR, AutoVin and Impact Auto Auctions. This resulted in the formation of KAR Auction Services, Inc — now a global automotive remarketing and technology solutions provider where Hallett has served as CEO since 2009.

“Jim worked hard to get to where he is today, and he got there by determination and unique ability to bounce back from whatever obstacles he encountered on the way,” said Tony Long, executive director for the IARA.

The award was created in honor of the late Ed Bobit, founder and chairman of Bobit Business Media, and publisher of Automotive Fleet magazine. Bobit was the posthumous inaugural winner in 2015. In 2008, Hallett was recognized as Remarketer of the Year at the CAR conference.

KAR’s CEO Earns Ed Bobit Industry Icon AwardVehicle Remarketing, March 7, 2018

Hallett, Silverstein receive industry honors at CAR event Auto Remarketing, March 6, 2018