Menu

2014

KAR Auction Services Inc Announces Amendment to U S Securitization Facility

Published: December 18, 2014

Analyst Inquiries: Jonathan Peisner (317) 249-4390 jonathan.peisner@karauctionservices.com Media Inquiries : Darci Valentine (317) 249-4414 Darci.valentine@karauctionservices.com KAR Auction Services, Inc. Announces Amendment to U.S. Securitization Facility Transaction Increases U.S. facility from $800 Million to $950 Million Carmel, IN, December 18, 2014 — KAR Auction Services, Inc. (NYSE: KAR) today announced that its subsidiaries Automotive Finance Corporation MORE >

Preferred Warranties Names New President

Published: November 17, 2014

For Immediate Release Contact: Helen Sluzis, Director of Marketing Preferred Warranties, Inc. 200 Pinebook Place Orwigsburg, PA 17961 Phone: 800.548.1121 hsluzis@warrantys.com www.warrantys.com Investor Inquiries: Contact Jonathan Peisner, Treasurer & VP of Investor Relations Phone: 317.249.4390 jonathan.peisner@karauctionservices.com Preferred Warranties Names New President Orwigsburg, Penn. —Preferred Warranties, Inc., a business unit of KAR Auction Services (NYSE: KAR), MORE >

EY Announces KAR Auction Services CEO Jim Hallett is the EY Entrepreneur of the Year 2014 National Services Award Winner

Published: November 17, 2014

For Immediate Release Darci Valentine darci.valentine@adesa.com 317-249-4414 EY ANNOUNCES KAR AUCTION SERVICES CEO JIM HALLETT IS THE EY ENTREPRENEUR OF THE YEAR™ 2014 NATIONAL SERVICES AWARD WINNER Award recognizes national entrepreneurial excellence Carmel, Ind.-based KAR Auction Services, Inc. (NYSE: KAR), a provider of used vehicle auction services, announced today that CEO Jim Hallett is the MORE >

KAR Auction Services Donates $25,000 to Three Indianapolis Charities

Published: November 13, 2014

For Immediate Release Darci Valentine darci.valentine@adesa.com 317-249-4414 KAR AUCTION SERVICES DONATES $25,000 TO THREE INDIANAPOLIS CHARITIES Funds raised for Boys and Girls Clubs of Indianapolis, American Red Cross of Greater Indianapolis and American Cancer Society of Central Indiana through friendly competition at annual management meeting Carmel, Ind.-based KAR Auction Services, Inc. (NYSE: KAR), a provider MORE >

KAR Auction Services Executive Vice President Chosen as One of Indianapolis Business Journal’s Women of Influence

Published: November 6, 2014

For Immediate Release Darci Valentine darci.valentine@adesa.com 317-249-4414 KAR AUCTION SERVICES EXECUTIVE VICE PRESIDENT CHOSEN AS ONE OF INDIANAPOLIS BUSINESS JOURNAL’S WOMEN OF INFLUENCE Carmel, Ind.-based KAR Auction Services, Inc. (NYSE: KAR), a provider of used vehicle auction services, announced today that Executive Vice President, General Counsel and Secretary Becca Polak was chosen as one of MORE >

KAR Auction Services Announces $300 Million Share Repurchase Program

Published: November 4, 2014

For Immediate Release Analyst inquiries: Jonathan Peisner (317) 249-4390 jonathan.peisner@karauctionservices.com Media inquiries: Darci Valentine (317) 249-4414 darci.valentine@karauctionservices.com KAR Auction Services, Inc. Announces $300 Million Share Repurchase Program Carmel, Ind. — KAR Auction Services, Inc. (NYSE: KAR) today announced that its board of directors has authorized the repurchase of up to $300 million of shares of MORE >

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

Published: 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 MORE >

KAR Auction Services Announces IT Management Changes

Published: October 13, 2014

For Immediate Release Media Inquiries: Darci Valentine (317) 249-4414 darci.valentine@karauctionservices.com Analyst Inquiries: Jonathan Peisner (317) 249-4390 jonathan.peisner@karauctionservices.com KAR Auction Services Announces IT Management Changes CARMEL, Ind.—KAR Auction Services (NYSE: KAR) today announced management changes within the IT Shared Services (ITSS) department, including the promotion of Chris Seitz to the newly created position of vice president. MORE >

High Tech Locksmiths Exceeds 2 Million Keys Made Milestone

Published: September 19, 2014

For Immediate Release Media inquiries: Darci Valentine (317) 249-4414 darci.valentine@karauctionservices.com High Tech Locksmiths Exceeds 2 Million Keys Made Milestone Carmel, Ind.—KAR Auction Services, Inc. (NYSE: KAR), a provider of used vehicle auction services, today announced that subsidiary company High Tech Locksmiths (HTL) has hit an impressive milestone, having cut more than 2 million keys for MORE >

ADESA Announces Management Changes for RDN

Published: September 18, 2014

For Immediate Release Darci Valentine darci.valentine@adesa.com 317-249-4414 ADESA Announces Management Changes for RDN CARMEL, Ind.—ADESA, a business unit of KAR Auction Services (NYSE: KAR), today announced management changes at the company’s subsidiary, Recovery Database Network (RDN). Zach Hallowell has been promoted to president of the organization. “Zach has played an integral part in delivering innovative MORE >

KAR Auction Services Raises More Than $130,000 for Indiana Tour de Cure

Published: September 2, 2014

For Immediate Release Darci Valentine darci.valentine@adesa.com 317-249-4414 KAR AUCTION SERVICES RAISES MORE THAN $130,000 FOR INDIANA TOUR DE CURE Team KAR recognized as top corporate fundraiser in Indiana and top national fundraiser Carmel, Ind.-based KAR Auction Services, Inc. (NYSE: KAR), a provider of used vehicle auction services, announced today the company’s team raised more than MORE >

ADESA Names Director of Communications

Published: August 21, 2014

For Immediate Release Eileen Dennie eileen.dennie@adesa.com 317-249-4292 ADESA Names Director of Communications CARMEL, Ind.—ADESA, a business unit of KAR Auction Services (NYSE: KAR), today announced that Darci Valentine has been promoted to ADESA director of communications. In her role as director of communications, Valentine will oversee and execute integrated corporate communications, including media relations, marketing, MORE >

Insurance Auto Auctions Expands Omaha Facility

Published: August 14, 2014

For Immediate Release Jeanene O’Brien | Vice President (708) 492-7328 | www.iaai.com INSURANCE AUTO AUCTIONS EXPANDS OMAHA FACILITY Expanded Facility Will Better Serve Customers and Regional Demand for Catastrophe Services Insurance Auto Auctions, Inc.(IAA), a business unit of KAR Auction Services (NYSE: KAR), and the leading live and live-online salvage auto auction company, today announced MORE >

KAR Auction Services Announces Acquisition of 50 Percent Ownership Stake in TradeRev

Published: August 6, 2014

For Immediate Release Media inquiries: Darci Valentine (317) 249-4414 darci.valentine@karauctionservices.com KAR AUCTION SERVICES ANNOUNCES ACQUISITION OF 50 PERCENT OWNERSHIP STAKE IN TRADEREV ADESA, TradeRev Partner to Provide Dealer-to-Dealer Online Auction Carmel, Ind.-based KAR Auction Services, Inc. (NYSE: KAR), a provider of used vehicle auction services, announced today that its business unit ADESA has acquired a MORE >

KAR Auction Services, Inc. Reports Second Quarter 2014 Results

Published: August 5, 2014

For Immediate Release Analyst Inquiries: Jonathan Peisner (317) 249-4390 jonathan.peisner@karauctionservices.com Media Inquiries: Darci Valentine (317) 249-4414 darci.valentine@karauctionservices.com KAR Auction Services, Inc. Reports Second Quarter 2014 Results Board Announces Quarterly Dividend of $0.25 per Common Share Carmel, Ind. – KAR Auction Services, Inc. (NYSE: KAR) today reported its second quarter financial results for the three months MORE >

KAR Auction Services CEO Jim Hallett Raises More Than $110,000 for Tour de Cure – Names Top Individual Fundraiser in Nation

Published: July 7, 2014

For Immediate Release Darci Valentine darci.valentine@adesa.com 317-249-4414 KAR AUCTION SERVICES CEO JIM HALLETT RAISES MORE THAN $110,000 FOR TOUR DE CURE, NAMED TOP INDIVIDUAL FUNDRAISER IN NATION Carmel, Ind.-based KAR Auction Services, Inc. (NYSE: KAR), a provider of used vehicle auction services, announced today that CEO Jim Hallett has raised more than $110,000 for the MORE >

ADESA Launches New LiveBlock Mobile App

Published: July 7, 2014

For Immediate Release Darci Valentine darci.valentine@adesa.com 317-249-4414 ADESA Launches New LiveBlock Mobile App Carmel, Ind. — ADESA, a business unit of KAR Auction Services (NYSE: KAR), today announced the launch of its LiveBlock mobile app, available free for iPhone users. Registered auto dealers can now participate from virtually anywhere in live vehicle auctions at ADESA MORE >

Western U.S. AFC Branches Relocate to Expand Service and Convenience to Independent Dealers

Published: July 7, 2014

For Immediate Release Contact: Devra Callaghan, Director of Marketing Automotive Finance Corporation 13085 Hamilton Crossing Blvd. Carmel, IN 46032 Phone: 317-843-3169 devra.callaghan@autofinance.com AFCDealer.com Western U.S. AFC Branches Relocate to Expand Service and Convenience to Independent Dealers Carmel, Ind. — Automotive Finance Corporation (AFC), a business unit of KAR Auction Services (NYSE: KAR), today announced recent MORE >

KAR Auction Services Names Vice President of Operations for High Tech Locksmiths

Published: June 30, 2014

For Immediate Release Media inquiries: Darci Valentine (317) 249-4414 darci.valentine@karauctionservices.com Analyst inquiries: Jonathan Peisner (317) 249-4390 jonathan.peisner@karauctionservices.com KAR AUCTION SERVICES NAMES VICE PRESIDENT OF OPERATIONS FOR HIGH TECH LOCKSMITHS Industry veteran Ken Garbez promoted to new role CARMEL, Ind., June 26, 2014—Carmel, Ind.-based KAR Auction Services, Inc. (NYSE: KAR), a provider of used vehicle auction MORE >

EY Announces KAR Auction Services CEO Jim Hallett as an EY Entrepreneur of the Year 2014 Award Winner in the Midwest

Published: June 22, 2014

For Immediate Release Darci Valentine darci.valentine@adesa.com 317-249-4414 EY ANNOUNCES KAR AUCTION SERVICES CEO JIM HALLETT IS AN EY ENTREPRENEUR OF THE YEAR™ 2014 AWARD WINNER IN THE MIDWEST Award recognizes entrepreneurial excellence in consumer category Carmel, Ind.-based KAR Auction Services, Inc. (NYSE: KAR), a provider of used vehicle auction services, announced today that CEO Jim MORE >

Insurance Auto Auctions Expands Presence in Denver CO with New Facility

Published: June 18, 2014

For Immediate Release Jeanene O’Brien | Vice President (708) 492-7328 | www.iaai.com INSURANCE AUTO AUCTIONS EXPANDS PRESENCE IN DENVER, CO WITH NEW FACILITY Insurance Auto Auctions, Inc. (IAA), a business unit of KAR Auction Services (NYSE: KAR), and the leading live and live-online salvage auto auction company, today announced the opening of a new branch, MORE >

KAR Auction Services CIO Selected as Co-Chairman for 2014 Indianapolis Evanta CIO Executive Summit

Published: June 12, 2014

For Immediate Release Darci Valentine darci.valentine@adesa.com 317-249-4414 KAR AUCTION SERVICES CIO SELECTED AS CO-CHAIRMAN FOR 2014 INDIANAPOLIS EVANTA CIO EXECUTIVE SUMMIT KAR CIO and Director of Information Risk to deliver presentation on IT culture Carmel, Ind.-based KAR Auction Services, Inc. (NYSE: KAR), a provider of used vehicle auction services, announced today that CIO, IT Shared MORE >

Trevor Henderson Named COO for ADESA Canada

Published: June 3, 2014

June 2, 2014 For Immediate Release Darci Valentine darci.valentine@adesa.com 317-249-4414 Trevor Henderson Named COO for ADESA Canada Carmel, Ind.—ADESA, a business unit of KAR Auction Services (NYSE: KAR), today announced that Trevor Henderson will fill the position of chief operating officer for ADESA Canada, effective June 16. Henderson will report directly to ADESA President and MORE >

Insurance Auto Auctions Recognized at DRI 2014 International Awards of Excellence Program

Published: June 2, 2014

For Immediate Release Jeanene O’Brien Vice President, Marketing (708) 492-7328 www.iaai.com Insurance Auto Auctions Recognized at DRI 2014 International Awards of Excellence Program IAA’s Receives Top Industry Honor for Outstanding Response and Recovery Services Westchester, Ill. — Insurance Auto Auctions, Inc. (IAA), a business unit of KAR Auction Services (NYSE: KAR) and the leading live and MORE >

New ADESA.com Feature Shows Dealers Available Credit with AFC

Published: June 2, 2014

May 27, 2014 For Immediate Release Darci Valentine darci.valentine@adesa.com 317-249-4414 New ADESA.com Feature Shows Dealers Available Credit with AFC Carmel, Ind.—ADESA, a business unit of KAR Auction Services (NYSE: KAR), today announced that the company has further enhanced its online vehicle remarketing platform, ADESA.com. Registered dealers will now know the amount of credit available to MORE >

Insurance Auto Auctions Expands Presence in Tulsa OK with New Branch

Published: May 14, 2014

For Immediate Release Jeanene O’Brien | Vice President (708) 492-7328 | www.iaai.com INSURANCE AUTO AUCTIONS EXPANDS PRESENCE IN TULSA, OK WITH NEW BRANCH WESTCHESTER, Ill., May 14, 2014 — Insurance Auto Auctions, Inc. (IAA), a business unit of KAR Auction Services (NYSE: KAR), and the leading live and live-online salvage auto auction company, today announced MORE >

KAR Auction Services Announces the Addition of Dr. Huey Antley as Vice President of Marketing Analytics for AFC

Published: May 8, 2014

For Immediate Release Media inquiries: Darci Valentine (317) 249-4414 darci.valentine@karauctionservices.com Analyst inquiries: Jonathan Peisner (317) 249-4390 jonathan.peisner@karauctionservices.com KAR Auction Services Announces Addition of Dr. Huey Antley as Vice President of Marketing Analytics for AFC CARMEL, Ind., May 8, 2014—KAR Auction Services, Inc. (NYSE: KAR), a provider of used and salvage vehicle auction and related services, MORE >

KAR Auction Services Inc Reports First Quarter 2014 Results

Published: May 5, 2014

For Immediate Release Analyst Inquiries: Jonathan Peisner (317) 249-4390 jonathan.peisner@karauctionservices.com Media Inquiries: Darci Valentine (317) 249-4414 darci.valentine@karauctionservices.com KAR Auction Services, Inc. Reports First Quarter 2014 Results Board Announces Quarterly Dividend of $0.25 per Common Share Carmel, IN, May 5, 2014 — KAR Auction Services, Inc. (NYSE: KAR), today reported its first quarter financial results for MORE >

KAR Auction Services Appoints John Kett as CEO and President of IAA

Published: May 1, 2014

For Immediate Release Media Inquiries: Darci Valentine (317) 249-4414 darci.valentine@karauctionservices.com Analyst Inquiries: Jonathan Peisner (317) 249-4390 jonathan.peisner@karauctionservices.com KAR Auction Services, Inc. Appoints John Kett as CEO and President of IAA CARMEL, Ind., May 1, 2014—KAR Auction Services, Inc. (NYSE: KAR), a provider of used and salvage vehicle auction services, announced that effective today John Kett MORE >

ADESA Vice President of Marketing Earns 2014 Women in Remarketing Honor

Published: April 24, 2014

For Immediate Release Darci Valentine darci.valentine@adesa.com 317-249-4414 ADESA VICE PRESIDENT OF MARKETING EARNS 2014 WOMEN IN REMARKETING HONOR CARMEL, Ind., April 24, 2014 – Carmel, Ind.-based KAR Auction Services, Inc. (NYSE: KAR), a provider of used vehicle auction services, announced today that ADESA Vice President of Marketing Carol Sewell has been selected as one of MORE >

KAR Business Unit Ranks #33 on 2014 InformationWeek Elite 100

Published: April 15, 2014

For Immediate Release Darci Valentine darci.valentine@adesa.com 317-249-4414 KAR BUSINESS UNIT RANKS #33 ON 2014 INFORMATIONWEEK ELITE 100 Insurance Auto Auctions recognized as innovator for iPad Buyer App for tablets CARMEL, Ind., April 15, 2014 – Carmel, Ind.-based KAR Auction Services, Inc. (NYSE: KAR), a provider of used vehicle auction services, announced today that its business MORE >

KAR Auction Services Strengthens Senior Leadership Team

Published: March 20, 2014

For Immediate Release Media inquiries: Darci Valentine (317) 249-4414 darci.valentine@karauctionservices.com Analyst inquiries: Jonathan Peisner (317) 249-4390 jonathan.peisner@karauctionservices.com KAR Auction Services Strengthens Senior Leadership Team New Structure to Enhance Growth and Customer Experience Jim Hallett to Focus on Growth, Innovation, Creating Shareholder Value Don Gottwald Promoted to Newly Created KAR COO Position John Hammer Promoted to MORE >

KAR Auction Services Amends and Restates Credit Agreement

Published: March 11, 2014

For Immediate Release Eric Loughmiller Executive Vice President and Chief Financial Officer (317) 249-4254 eric.loughmiller@karauctionservices.com KAR Auction Services Amends and Restates Credit Agreement Carmel, IN – March 11, 2014 – KAR Auction Services, Inc. (NYSE: KAR) (the “Company”) announced today that it has amended and restated its credit agreement dated as of May 19, 2011. MORE >

KAR Auction Services Hires Director of Information Risk and Director of Support Services

Published: March 10, 2014

For Immediate Release Darci Valentine darci.valentine@adesa.com 317-249-4414 KAR AUCTION SERVICES HIRES DIRECTOR OF INFORMATION RISK AND DIRECTOR OF SUPPORT SERVICES Company invests in nationally recognized IT talent to drive department growth CARMEL, Ind., March 10, 2014 – Carmel, Ind.-based KAR Auction Services, Inc. (NYSE: KAR), a provider of used vehicle auction services, announced today the MORE >

Manheim, ADESA and the Independent Auto Auctions Announce Industry Progress Toward a Multiplatform Bidding Solution

Published: March 6, 2014

For Immediate Release Manheim Contact: John Heid john.heid@manheim 678-645-2076 ADESA Contact: Darci Valentine darci.valentine@adesa.com 317-249-4414 ServNet Contact: Cynthia Cates cynthia@servnetauctions.com 916-231-6360 IAASC Contact: Steve Krupa skrupa@mortonaa.com Manheim, ADESA and the Independent Auto Auctions Announce Industry Progress Toward a Multiplatform Bidding Solution Las Vegas – Manheim, Inc., ADESA, Inc. and the independent auctions jointly announced today MORE >

KAR Auction Services CEO Jim Hallett to Serve as Keynote Speaker at National Conference of Automotive Remarketing

Published: March 4, 2014

For Immediate Release Darci Valentine darci.valentine@adesa.com 317-249-4414 KAR AUCTION SERVICES CEO JIM HALLETT TO SERVE AS KEYNOTE SPEAKER AT NATIONAL CONFERENCE OF AUTOMOTIVE REMARKETING CARMEL, Ind., March 4, 2014 – Carmel, Ind.-based KAR Auction Services, Inc. (NYSE: KAR), a provider of used vehicle auction services, announced today that CEO Jim Hallett will serve as a MORE >

KAR Auction Services Reports Fourth Quarter and Full Year 2013 Results

Published: February 18, 2014

For Immediate Release Analyst inquiries: Jonathan Peisner (317) 249-4390 jonathan.peisner@karauctionservices.com Media inquiries: Darci Valentine (317) 249-4414 darci.valentine@karauctionservices.com KAR Auction Services, Inc. Reports Fourth Quarter and Full Year 2013 Results Board Announces Quarterly Dividend of $0.25 per Common Share Carmel, IN, February 18, 2014 — KAR Auction Services, Inc. (NYSE: KAR), today reported its fourth quarter MORE >

KAR Auction Services Seeks to Refinance Credit Agreement

Published: February 18, 2014

For Immediate Release Eric Loughmiller Executive Vice President and Chief Financial Officer (317) 249-4254 eric.loughmiller@karauctionservices.com KAR Auction Services Seeks to Refinance Credit Agreement Carmel, IN – February 18, 2014 – KAR Auction Services, Inc. (NYSE: KAR) (the “Company”) announced today that it is seeking to refinance its existing Credit Agreement, dated as of May 19, MORE >

Insurance Auto Auctions Recognized As a Finalist in the Best Customer App Category at Premier CITE Awards

Published: February 4, 2014

For Immediate Release Jeanene O’Brien Vice President, Marketing 708-492-7328 www.iaai.com Insurance Auto Auctions Recognized As a Finalist in the Best Customer App Category at Premier CITE Awards Finalists to Receive Recognition During CITE Conference + Expo, April 27-29, 2014 Westchester, Ill. – Insurance Auto Auctions, Inc. (IAA), the leading live and live-online salvage auto auction MORE >

KAR Auction Services Raises More Than $125,000 for United Way

Published: January 14, 2014

For Immediate Release Darci Valentine (317) 249-4414 darci.valentine@karauctionservices.com KAR AUCTION SERVICES RAISES MORE THAN $125,000 FOR UNITED WAY CARMEL, Ind., January 14, 2014 – Carmel, Ind.-based KAR Auction Services, Inc. (NYSE: KAR), a provider of used vehicle auction services, announced today that its team of more than 12,000 employees has raised $127,427 for United Way MORE >

Tom O’Brien to Step Down as IAA CEO – John Kett Names Successor

Published: January 9, 2014

For Immediate Release   Media inquiries: Darci Valentine (317) 249-4414 darci.valentine@karauctionservices.com Analyst inquiries: Jonathan Peisner (317) 249-4390 jonathan.peisner@karauctionservices.com TOM O’BRIEN TO STEP DOWN AS IAA CEO; JOHN KETT NAMED SUCCESSOR Kett to assume CEO role on May 1, 2014; O’Brien will continue as a director of the KAR board until June 2014  CARMEL, Ind., January 9, MORE >

KAR Auction Services Acquires High Tech Locksmiths

Published: January 3, 2014

For Immediate Release  Media inquiries:    Darci Valentine (317) 249-4414 darci.valentine@karauctionservices.com Analyst inquiries:  Jonathan Peisner (317) 249-4390 jonathan.peisner@karauctionservices.com KAR AUCTION SERVICES ACQUIRES HIGH TECH LOCKSMITHS Leading automotive key services provider joins KAR family of companies CARMEL, Ind., January 3, 2014—Carmel, Ind.-based KAR Auction Services, Inc. (NYSE: KAR), a provider of used vehicle auction services, announced today MORE >