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2017

TradeRev Launches Industry First In-App Innovations in 4.0 Version of Mobile Application

Published: December 7, 2017

  Creates Seamless End-To-End Buying and Selling Experience for Dealers TradeRev, a dealer-to-dealer digital mobile auction application, announced its latest release and the most advanced version of its technology platform. TradeRev 4.0 leverages data science and predictive modeling to deploy new features not available on any other digital vehicle auction platform. TradeRev is a business MORE >

KAR Makes $250,000 Contribution to Central Indiana City Life Wheels

Published: December 6, 2017

Grant Supports the New KAR Auction Services City Life Wheels Training Center KAR Auction Services, Inc. (NYSE: KAR), a global vehicle remarketing and technology solutions provider announces its $250,000 commitment to City Life Wheels of Central Indiana – creating the new KAR Auction Services City Life Wheels Training Center. City Life Wheels, an Indianapolis-based non-profit, MORE >

KAR Auction Services to Participate in Bank of America Merrill Lynch 2017 Leveraged Finance Conference

Published: November 22, 2017

KAR Auction Services, Inc. (NYSE: KAR), a global vehicle remarketing and technology solutions provider, today announced its participation in the following investor conference: – Bank of America Merrill Lynch 2017 Leveraged Finance Conference – Eric Loughmiller, executive vice president and chief financial officer, and Mike Eliason, treasurer and vice president Investor Relations, will speak on MORE >

Jim Hallett Speaks at Used Car Week – Safety in the Open Lane: The Path Forward

Published: November 16, 2017

Safety in the Open Lane A Path Forward

IAA Announces First Quarter 2018 Opening of New Seattle Branch

Published: November 9, 2017

Insurance Auto Auctions, Inc. (IAA), a business unit of KAR Auction Services (NYSE: KAR), announced the construction of a new facility near Seattle, Washington. The new branch, scheduled to open in the first quarter of 2018, is strategically located in Puyallup, Washington – approximately 40 miles south of Seattle. The new 140-acre branch consolidates the MORE >

OPENLANE Partners with Volkswagen and Audi for Innovative Application Enhancement

Published: November 8, 2017

OPENLANE, a business division of KAR Auction Services, Inc. (NYSE: KAR) and the leading online automotive remarketing solution, announced an innovative new enhancement for Volkswagen and Audi dealers. Dealers utilizing OPENLANE’s VolkswagenDirect.com and AudiDirect.com marketplaces can now receive real-time auto loan pay-off quotes for retail trade-in vehicles directly in the application. With fully integrated information MORE >

KAR Business Units Support Progressive’s Annual Keys to Progress Event Honoring America’s Veterans

Published: November 7, 2017

A reliable vehicle can mean independence and easier access to work, medical care and educational opportunities for our nation’s veterans – especially for those who live in rural areas with limited public transportation. That’s why KAR Auction Services, Inc. (NYSE: KAR), a global vehicle remarketing and technology solutions provider, and its business units Insurance Auto MORE >

KAR Auction Services, Inc. to Announce Third Quarter 2017 Earnings

Published: October 19, 2017

KAR Auction Services, Inc. (NYSE: KAR) announced today that it will be releasing its third quarter 2017 earnings on Tuesday, October 31, 2017. KAR Auction Services, Inc. will also be hosting an earnings conference call and webcast on Wednesday, November 1, 2017 at 11:00 a.m. EDT (10:00 a.m. CDT). The call will be hosted by MORE >

TradeRev Announces Sales Leadership Changes to Accelerate North American Expansion

Published: October 19, 2017

CARMEL, Ind. –TradeRev, a mobile app and desktop solution that facilitates real-time dealer-to-dealer vehicle auctions, announced several sales team promotions and additions. The announcement follows the recent acquisition of TradeRev by global vehicle auction and technology solutions provider KAR Auction Services (NYSE: KAR). The changes are aimed at accelerating TradeRev’s market expansion and integrating KAR’s MORE >

KAR Announces Leadership Changes as Result of Recent TradeRev Purchase

Published: October 18, 2017

KAR Names New TradeRev President and Marketing Chief and Promotes From Within for General Counsel CARMEL, Ind. – KAR Auction Services, Inc. (NYSE: KAR), a global vehicle remarketing and technology solutions provider, announced several leadership appointments and promotions across the company’s TradeRev business unit and corporate legal and communications functions. The moves come in part due MORE >

TradeRev Extends Help to Texas Auto Dealers Still Recovering from Hurricane Harvey Impact

Published: October 17, 2017

Offers Free Shipping to Houston for Cars Purchased on TradeRev from  Texas, Oklahoma or Florida CARMEL, Ind. –TradeRev, a mobile app and desktop solution that facilitates real-time dealer-to-dealer vehicle auctions, has launched a special offer to help Houston area used car dealers replenish inventory lost during Hurricane Harvey. For a limited time, Houston area dealers MORE >

KAR Goes All In on Digital – Acquires Remaining Interest in TradeRev Mobile App Auction Platform

Published: October 3, 2017

Disruptive Technology Strengthens Company’s Digital Foundation and Accelerates Growth in Broad Dealer-to-Dealer Marketplace CARMEL, Ind. – KAR Auction Services, Inc. (NYSE: KAR), has acquired the remaining interest in Nth Gen Software Inc. (“TradeRev”), a mobile app and desktop solution that facilitates real-time dealer-to-dealer vehicle auctions. KAR purchased a 50-percent stake in TradeRev in 2014 and acquired MORE >

KAR Announces Development of New Global Headquarters and Campus in Carmel, Ind.

Published: September 19, 2017

Technology-Driven Growth Fuels Need for Expanded Workspace CARMEL, Ind. — KAR Auction Services, Inc. (NYSE: KAR), a global vehicle remarketing and technology solutions provider, today announced the development of a new Carmel, Indiana-based corporate headquarters and campus. The 13-acre site will host a new, 250,000 square foot office building featuring an open floorplan and broad MORE >

KAR Auction Services to Participate in Goldman Sachs 24th Annual Global Retailing Conference

Published: August 30, 2017

KAR Auction Services Announces Participation in Upcoming Investor Conference CARMEL, Ind. – August 30, 2017 – KAR Auction Services, Inc. (NYSE: KAR), a global vehicle remarketing and technology solutions provider, today announced its participation in the following investor conference which will also be available via live audio webcast: – Goldman Sachs 24th Annual Global Retailing MORE >

AFC Releases Inventory Dashboard Enhancement to AFCDealer Website

Published: August 15, 2017

AFC Releases Inventory Dashboard Enhancement to AFCDealer™ Website  New Functionality Will Deliver Convenient Access to Streamlined Account Information and Vehicle Insights CARMEL, Ind. – August 15, 2017 – Automotive Finance Corporation (“AFC”), a business unit of KAR Auction Services, Inc. (NYSE: KAR) has announced the release of its new Inventory Dashboard for AFC floorplan financing MORE >

KAR Announces Launch and Leadership of New KAR Remarketing Services Operating Segment

Published: August 10, 2017

KAR Announces Launch and Leadership of New ‘KAR Remarketing Services’ Operating Segment David Vignes Promoted to President of KAR Remarketing Services and Lisa Scott Named President of PAR North America CARMEL, Ind. – August 10, 2017 – KAR Auction Services, Inc. (NYSE: KAR), a global vehicle remarketing and technology solutions provider, announced the creation of MORE >

KAR Auction Services to Announce Second Quarter 2017 Earnings

Published: July 21, 2017

KAR Auction Services, Inc. to Announce Second Quarter 2017 Earnings CARMEL, IND. – July 21, 2017 – KAR Auction Services, Inc. (NYSE: KAR) announced today that it will be releasing its second quarter 2017 earnings on Tuesday, August 8, 2017. KAR Auction Services, Inc. will also be hosting an earnings conference call and webcast on MORE >

KAR Brings ‘Power of the Platform’ to TradeRev Digital Mobile Marketplace

Published: July 20, 2017

Companies Release Integrated Transportation, Financing and Physical Auction Offerings for Dealers CARMEL, Ind. — KAR Auction Services, Inc. (NYSE: KAR) announced a series of product offerings that integrate the company’s diverse capabilities with the TradeRev digital mobile marketplace. KAR owns a 50 percent stake in TradeRev, a mobile app and desktop solution that facilitates real-time, MORE >

instaVIN Launches Redesigned Responsive Website for Vehicle History Reports

Published: July 12, 2017

Offers Optional Auto Factory Window Sticker with Original Build Data CARMEL, Ind. – July 12, 2017 – KAR Auction Services, Inc. (NYSE: KAR), a global vehicle remarketing and technology solutions provider, announced the launch of a new website for its instaVIN business unit. instaVIN is a leading provider of comprehensive vehicle history and title history MORE >

KAR Auction Services to Host National Auto Auction Association Safety Day

Published: July 11, 2017

NAAA Member Auction Leaders Convene to Discuss Auction Safety CARMEL, Ind. – July 11, 2017 – KAR Auction Services, Inc. (NYSE: KAR), a global vehicle remarketing and technology solutions provider, will host the National Auto Auction Association (NAAA) Safety Day. The event will take place at the company’s ADESA Boston auction location on July 25. MORE >

ADESA Boston Celebrates 70 Years, Raises $17,300 for Charity

Published: July 6, 2017

ADESA Boston Celebrates 70 Years, Raises $17,300 for Charity CARMEL, Ind. – July 6, 2017 – ADESA, a business unit of KAR Auction Services, Inc. (NYSE: KAR), today announced that the company’s Boston-area location celebrated 70 years in business with two special events in June—an anniversary sale and a car show/motorcycle run fundraiser. The 17th MORE >

KAR Auction Services Honored with Two Prestigious Awards by United Way of Central Indiana

Published: June 6, 2017

  CARMEL, Ind. – June 6, 2017 – KAR Auction Services, Inc. (NYSE: KAR), a global vehicle remarketing and technology solutions provider, announced today that it was honored with two prestigious awards from United Way of Central Indiana. KAR Chairman and CEO Jim Hallett was named Exceptional Executive for 2017, and KAR was recognized with MORE >

KAR Auction Services to Participate in Baird 2017 Global Consumer, Technology & Services Conference

Published: June 1, 2017

  KAR Auction Services Announces Participation in Upcoming Investor Conference Carmel, IN – June 1, 2017, KAR Auction Services, Inc. (NYSE: KAR) today announced its participation in the following investor conference which will also be available via live audio webcast: – Baird 2017 Global Consumer, Technology & Services Conference Eric Loughmiller, Chief Financial Officer and MORE >

Perspectives from Chairman & CEO Jim Hallett: Safety is an Industry Responsibility

Published: May 31, 2017

Editorial from Jim Hallett, chairman and CEO of KAR, as it appeared in Automotive News May 29, 2017   One of the proudest moments of my 42 years in the automotive industry was the opening of my first auto auction in Ottawa, Ontario. That auction is very special to me, as it set me on MORE >

KAR Auction Services Announces Pricing and Upsizing of Debt Financing

Published: May 22, 2017

KAR Auction Services Announces Pricing and Upsizing of Debt Financing Carmel, IN – May 22, 2017 – KAR Auction Services, Inc. (NYSE: KAR) (the “Company”) announced today that it has priced its previously announced offering of 5.125% senior notes due 2025 (the “notes”). The size of the offering has been increased from $800 million to MORE >

KAR Auction Services Announces Proposed Notes Offering

Published: May 22, 2017

KAR Auction Services Announces Proposed Notes Offering Carmel, IN – May 22, 2017 – KAR Auction Services, Inc. (NYSE: KAR) (the “Company”) announced today that it plans to offer, subject to market conditions, approximately $800 million aggregate principal amount of senior notes due 2025 (the “notes”). The Company intends to use the net proceeds from MORE >

CarsArrive Network Acquires Dependable Auto Shippers Business

Published: May 17, 2017

CarsArrive Network Acquires Dependable Auto Shippers Business Deal Extends KAR’s North American Vehicle Shipping Platform to Growing Consumer Market Segment CARMEL, Ind. – May 17, 2017 – KAR Auction Services, Inc. (NYSE: KAR), today announced that its CarsArrive Network (CarsArrive) subsidiary has acquired the vehicle transportation business of Dependable Auto Shippers (DAS). CarsArrive is the MORE >

KAR Auction Services Seeks to Refinance and Reprice Existing Debt

Published: May 9, 2017

Analyst Inquiries: Mike Eliason (317) 249-4559 mike.eliason@karauctionservices.com Media Inquiries: Tobin Richer (317) 249-4521 Tobin.richer@karauctionservices.com KAR Auction Services Seeks to Refinance and Reprice Existing Debt Carmel, IN – May 9, 2017 – KAR Auction Services, Inc. (NYSE: KAR) (the “Company”) announced today that it is seeking to refinance and reprice its existing term loans under its MORE >

KAR Auction Services Inc. to Announce First Quarter 2017 Earnings

Published: April 25, 2017

KAR Auction Services, Inc. to Announce First Quarter 2017 Earnings CARMEL, IND. – April 25, 2017 – KAR Auction Services, Inc. (NYSE: KAR) announced today that it will be releasing its first quarter 2017 earnings on Tuesday, May 9, 2017. KAR Auction Services, Inc. will also be hosting an earnings conference call and webcast on MORE >

KAR Acquires DRIVIN to Bolster Data Analytic Capabilities and Strengthen Leading Remarketing Platform

Published: April 19, 2017

FOR IMMEDIATE RELEASE KAR Acquires DRIVIN to Bolster Data Analytic Capabilities and Strengthen Leading Remarketing Platform Addition of DRIVIN’s Innovative Products, Technology and Talent Highly Complementary to the Company’s Broad Data Service Offerings CARMEL, Ind. – April 19, 2017 – KAR Auction Services, Inc. (NYSE: KAR), today announced the acquisition of CarCo Technologies, Inc., d/b/a MORE >

TradeRev Releases “Title Concierge” and “My Account” Features for Dealers

Published: April 12, 2017

FOR IMMEDIATE RELEASE TradeRev Releases “Title Concierge” and “My Account” Features for Dealers New Tools and Enhanced Post-Sale Services Available With No Subscription Fees CARMEL, Ind. – April 12, 2017 – TradeRev, an innovative tech startup focused on streamlining automotive sales between dealers, today announced the elimination of monthly subscription fees for U.S. car dealers. MORE >

IAA Launches Comprehensive Fast Search Tool

Published: April 12, 2017

FOR IMMEDIATE RELEASE IAA Launches Comprehensive Fast Search Tool First in Salvage Vehicle Industry to Offer Buyers Over 30 Search and Filter Options WESTCHESTER, Ill., April 12, 2017 – Insurance Auto Auctions, Inc. (IAA) today announced the launch of IAA Fast Search™, the salvage vehicle industry’s most comprehensive search tool. With over 30 vehicle search MORE >

Buyers Set to Benefit as ADESA Leads Transition to Upstream Defleet Remarketing

Published: April 11, 2017

FOR IMMEDIATE RELEASE Buyers Set to Benefit as ADESA Leads Transition to Upstream Defleet Remarketing Buyers are set to benefit as ADESA, with its upstream mobile technology platform, leads the transition to upstream defleet remarketing in the UK. Through a growing partnership with Arval and newly formed relationship with Motability Operations, ADESA’s upstream platform will MORE >

KAR Auction Services Announces Thomas Fisher as Executive Vice President and Chief Information Officer

Published: April 4, 2017

KAR Auction Services Announces Thomas Fisher as Executive Vice President and Chief Information Officer Digital and Cloud Computing Pioneer to Lead Company’s Next Generation Business and Customer Solution Development CARMEL, Ind. – April 4, 2017 – KAR Auction Services, Inc. (NYSE: KAR), a global wholesale used-vehicle marketplace, technology and solutions provider, announced that Thomas (“Tom”) MORE >

TradeRev & ADESA Strike Exclusive Partnerships with Many of Canada’s Largest Dealer Groups

Published: April 3, 2017

FOR IMMEDIATE RELEASE TradeRev & ADESA Strike Exclusive Partnerships with Many of Canada’s Largest Dealer Groups Industry–Changing Deals Add Over 120 Canadian Dealerships and Tens of Thousands of Vehicles to the TradeRev Dealer Network Toronto, Ontario – April 3, 2017 –TradeRev, an innovative tech startup focused on streamlining automotive sales between dealers, today announced a MORE >

KAR Auction Services Fortifies Investment in TradeRev

Published: March 16, 2017

FOR IMMEDIATE RELEASE KAR Auction Services Fortifies Investment in TradeRev $15 Million Extended to Accelerate Expansion and Further Enhance Technology CARMEL, Ind. – March 16, 2017 – KAR Auction Services, Inc. (NYSE: KAR), a global wholesale used-vehicle marketplace and technology solutions provider, has extended up to $15 million in credit to Nth Gen Software, Inc., MORE >

KAR Auction Services Announces Srisu Subrahmanyam as Senior Vice President of Business Transformation

Published: March 13, 2017

FOR IMMEDIATE RELEASE KAR Auction Services Announces Srisu Subrahmanyam as Senior Vice President of Business Transformation CARMEL, Ind. – March 13, 2017 – KAR Auction Services, Inc. (NYSE: KAR), a global wholesale used vehicle marketplace, technology and solutions provider, announced that Sriram “Srisu” Subrahmanyam has joined the company as senior vice president of business transformation. MORE >

ADESA Canada Opens New Headquarters in Mississauga

Published: March 9, 2017

FOR IMMEDIATE RELEASE ADESA Canada Opens New Headquarters in Mississauga TORONTO – March 9, 2017 – ADESA, a business unit of KAR Auction Services (NYSE: KAR), today announced that it has opened a new headquarters in Mississauga, a suburb of Toronto. ADESA is a leading provider of vehicle auction and remarketing services with 14 auction MORE >

ADESA Celebrates Grand Opening of New Chicago Facility

Published: March 2, 2017

FOR IMMEDIATE RELEASE ADESA Celebrates Grand Opening of New Chicago Facility CARMEL, Ind. – March 2, 2017 – ADESA, a business unit of KAR Auction Services (NYSE: KAR), announced the upcoming grand opening of its new ADESA Chicago auto auction. The ADESA Chicago facility held its first sale and soft opening last October, and has MORE >

KAR Auction Services Announces Richard Howse as Chief Commercial Officer

Published: March 1, 2017

FOR IMMEDIATE RELEASE Automotive Industry Veteran to Focus on Integrated Customer Solutions CARMEL, Ind. – KAR Auction Services, Inc. (NYSE: KAR), a global vehicle remarketing and technology solutions provider, announced that industry veteran Richard Howse has joined the company as Chief Commercial Officer. Howse brings more than 30 years of automotive industry leadership to the MORE >

KAR Auction Services to Announce Fourth Quarter and Full Year 2016 Earnings

Published: February 7, 2017

For Immediate Release Analyst Inquiries: Mike Eliason (317) 249-4559 mike.eliason@karauctionservices.com Media Inquiries: Tobin Richer (317) 249-4521 Tobin.richer@karauctionservices.com KAR Auction Services, Inc. to Announce Fourth Quarter and Full Year 2016 Earnings CARMEL, IND. February 7, 2017 —KAR Auction Services, Inc. (NYSE: KAR) announced today that it will be releasing its fourth quarter and full year 2016 MORE >

ADESA Phoenix Raises More Than $24,000 to Benefit JDRF

Published: January 26, 2017

January 26, 2017 For Immediate Release Darci Valentine darci.valentine@adesa.com 317-249-4414 ADESA Phoenix Raises More Than $24,000 to Benefit JDRF CARMEL, Ind.—ADESA, a business unit of KAR Auction Services (NYSE: KAR), today announced that its ADESA Phoenix location raised $24,500 for JDRF during a charity auction of a 2014 Ford Mustang GT Convertible. The event was MORE >

Automotive Finance Corporation Expands Leadership Team

Published: January 12, 2017

FOR IMMEDIATE RELEASE Automotive Finance Corporation Expands Leadership Team Paul Kramarz hired as Senior Vice President of Risk, and Joe Keadle Promoted to Chief Operating Officer CARMEL, Ind. – January 12, 2017 – Automotive Finance Corporation (AFC), today announced that Paul Kramarz has joined the company as senior vice president of risk, and Joe Keadle MORE >