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KAR CEO Honored with the Ed Bobit Industry Icon Award

Published: 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 MORE >

KAR Pursues Separation of IAA Salvage Auction Business Unit

Published: February 27, 2018

Tax-Free Spin-Off Aimed at Unlocking Shareholder Value Proposed separation will create two independent, publicly traded companies with distinct strengths that position both for continued market leadership and growth Independence will provide greater flexibility to meet the evolving needs of both companies’ unique customers while advancing their respective strategic priorities Simplified financial reporting will allow investors MORE >

ADESA Announces Senior Leadership Changes

Published: February 22, 2018

  ADESA, a business unit of global vehicle remarketing and technology solutions provider KAR Auction Services, Inc. (NYSE: KAR), announced that Paul Lips will take on the newly created position of chief commercial officer for ADESA and Srisu Subrahmanyam will join the ADESA senior management team as chief operating officer. Lips and Subrahmanyam will lead MORE >

ADESA Phoenix Raises More Than $22,000 for Diabetes Research

Published: February 15, 2018

  Six-Year ADESA & Ford Global Action Team Fundraising Partnership Raises More Than $1 Million for JDRF ADESA, a business unit of global vehicle remarketing and technology solutions provider KAR Auction Services, Inc. (NYSE: KAR), announces its ADESA Phoenix location has raised $22,250 for JDRF, a global organization focused on funding research to find a MORE >

ADESA and EMKAY Six-Year Fundraising Partnership Raises More Than $260,000 for JDRF

Published: February 13, 2018

  ADESA, a business unit of global automotive remarketer, KAR Auction Services, Inc. (NYSE: KAR), announces its ADESA auctions and EMKAY, a privately owned fleet management company, together raised $267,000 over a six-year fundraising partnership in support of JDRF. JDRF is the leading global organization funding type 1 diabetes (T1D) research. In 2017 alone, a MORE >