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2019

ADESA Focuses on Mobile and UVA Auctions with New Leaders

Published: May 23, 2019

ADESA, a business unit of global vehicle remarketing and technology solutions provider KAR Auction Services, Inc. (NYSE: KAR), announces Matt Laughridge has been named general manager of ADESA Mobile Auctions. Laughridge brings nearly two decades of industry experience to the newly created role. “Matt is a proven leader in the industry, with an innate ability MORE >

Recovery Database Network Launches Industry-First All-in-One Solution for Tracking Repossession Status

Published: May 21, 2019

“On-Hook Status” Feature Integrates RDN with Clearplan to Provide Lenders with Instantaneous Notifications Recovery Database Network (RDN), a business unit of global vehicle remarketing and technology solutions provider KAR Auction Services Inc. (NYSE: KAR), announces the launch of an industry-first, all-in-one solution that enables recovery agents and automotive lenders to seamlessly track — in real-time MORE >

ADESA Names New General Managers in Key Markets

Published: May 16, 2019

ADESA, a business unit of global vehicle remarketing and technology solutions provider KAR Auction Services, Inc. (NYSE: KAR), announces new general managers at two auction locations in the Central Region. Kevin Stumm has been appointed general manager of ADESA Des Moines, and Jeff Brinkley will lead ADESA Salt Lake. Each brings decades of auction industry MORE >

OPENLANE® Celebrates Two Decades of Pioneering Upstream Remarketing

Published: May 14, 2019

20th Anniversary Marked by Enhanced Technology, Tools and User Experience Releases KAR Auction Services, Inc., announces the 20-year anniversary of OPENLANE®, the world’s largest, most trusted and most utilized upstream remarketing platform for OEM, captive finance, financial institution and fleet customers. OPENLANE provides data analytics and comprehensive technology solutions for more than 40 upstream marketplaces MORE >

ADESA Mexico City Announces Opening of Newly Relocated Facility

Published: April 30, 2019

Additional Acreage and Strategic Location to Better Serve Customers ADESA, a business unit of global vehicle remarketing and technology solutions provider KAR Auction Services, Inc. (NYSE: KAR), announces the opening of its newly relocated facility serving Mexico City. The new location sits on 13 acres of land strategically near major thoroughfares in neighboring Toluca and MORE >

IAA Names Vance Johnston as Chief Financial Officer

Published: April 22, 2019

Insurance Auto Auctions, Inc. (IAA), a business unit of global vehicle remarketing and technology solutions provider KAR Auction Services Inc. (NYSE: KAR), announces the appointment of Vance Johnston as chief financial officer. Johnston will report to John Kett, chief executive officer and president. “We are excited to welcome Vance to the IAA team,” said John MORE >

KAR Announces 2019 Jefferson Awards Recipient

Published: April 18, 2019

Honoree’s Initiative Has Impacted Hundreds of Military Children KAR Auction Services, Inc. (NYSE: KAR), a global vehicle remarketing and technology solutions provider announces its 2019 Jefferson Awards recipient, David Gonzalez. Multiplying Good, formerly The Jefferson Awards Foundation, is the nation’s leading nonprofit organization dedicated to fueling personal growth and leadership through public service. In its MORE >

ADESA Enhances Speed and Ease of Auction Experience with Launch of ADESA Simulcast

Published: April 16, 2019

VelocicastTM to Power Seamless New In-Lane, Digital and Mobile Platform ADESA, a business unit of global vehicle remarketing and technology solutions provider KAR Auction Services, Inc. (NYSE: KAR), announces the launch of ADESA Simulcast, powered by Auction Frontier’s VelocicastTM, a cloud-based auction simulcast solution. ADESA, working with Auction Frontier, is transitioning from its current ADESA MORE >

IAA Accommodates Growth with Opening of Fourth Location in South Carolina

Published: April 10, 2019

Insurance Auto Auctions, Inc. (IAA), a business unit of global vehicle remarketing and technology solutions provider, KAR Auction Services (NYSE: KAR), announces the opening of its fourth location in South Carolina to accommodate newly expanded customer volume needs. The new location, IAA Lexington, augments the company’s footprint in South Carolina by 35 acres. “We remain MORE >

IAA Makes Strategic Investments in Expansions at Key Locations

Published: April 3, 2019

Augmenting Footprint by More Than 110 Acres Across Five States Insurance Auto Auctions, Inc. (IAA), a business unit of global vehicle remarketing and technology solutions provider, KAR Auction Services (NYSE: KAR), announces expansions at branches in five states — further investing in its future growth.  The expansions have added more than 110 acres to IAA’s MORE >

IAA Invests in Innovation Hub at 1871 — North America’s Largest Tech Accelerator Center

Published: March 27, 2019

IAA Engine HouseTM Is First Automotive Industry and Insurance Claims Partner at 1871  Insurance Auto Auctions, Inc. (IAA), a business unit of global vehicle remarketing and technology solutions provider KAR Auction Services (NYSE: KAR), announces an insurance claims and remarketing industry first — its investment in an innovation hub at 1871, the largest technology incubator MORE >

ADESA Announces Auction Leadership Changes Aimed at Enhancing Customer Experience and Continued Growth

Published: February 28, 2019

New Regional Vice President-West Region and General Manager Changes in Las Vegas, Birmingham, Little Rock, Orlando and Tulsa ADESA, a business unit of global vehicle remarketing and technology solutions provider KAR Auction Services, Inc. (NYSE: KAR), announces Lawrence Cubitt has been named regional vice president of the ADESA West region. Cubitt brings decades of auction MORE >

ADESA Launches VirtuaLane Auctions at 20 North American Locations

Published: February 27, 2019

Key Customer Partnerships Create a More Technologically Advanced and Safe Auction Experience ADESA, a business unit of global vehicle remarketing and technology solutions provider KAR Auction Services, Inc. (NYSE: KAR), announces the launch of VirtuaLaneSM auctions. VirtuaLane is a live in-lane auction experience that utilizes technology to create a safe, virtual marketplace for ADESA customers MORE >

ADESA Announces New Leader of Product Development

Published: February 26, 2019

Organizational Update Aimed at Developing and Delivering Industry-Leading Products and Services ADESA, a business unit of global vehicle remarketing and technology solutions provider KAR Auction Services, Inc. (NYSE: KAR), announces Kurt Madvig has been named vice president of product development. Madvig will lead a team focused on the development, launch and delivery of products, services MORE >

KAR Finalizes Acquisition of Europe-based CarsOnTheWeb

Published: February 1, 2019

KAR Auction Services, Inc. (NYSE: KAR), a global automotive remarketing and technology services company, announced the completion of its acquisition of Belgium-based CarsOnTheWeb (COTW). The acquisition advances KAR’s international strategy and extends its North American and U.K.-based portfolio to Continental Europe. COTW provides a robust online wholesale vehicle auction marketplace that seamlessly connects OEMs, fleet MORE >

GM Financial and General Motors’ 15 millionth remarketed vehicle sells on OPENLANE

Published: January 29, 2019

General Motors and GM Financial hosted the sale of the 15 millionth remarketed vehicle on GMF DealerSource®, GM Financial’s online auction platform, powered by OPENLANE, the world’s largest upstream vehicle remarketing platform and subsidiary of KAR Auction Services, Inc. “The remarketing industry is transforming rapidly, and GMF DealerSource has been a critical tool for GM MORE >

KAR Launches Suite of Data Science Capabilities Aimed at Optimizing Dealer Profitability

Published: January 25, 2019

DaaS Integration Significantly Streamlines Dealer Remarketing Journey KAR Auction Services, Inc. (NYSE: KAR), a global automotive remarketing and technology services provider, announced the launch of a pilot program for its Data as a Service (DaaS) suite of capabilities during the Auto Intel Council news conference at NADA Show 2019. Powered by DRIVIN, acquired by KAR MORE >

TradeRev Unveils Enhancements to MOVE METAL® Faster

Published: January 22, 2019

Shorter Auctions, Flat Fee Transportation and Streamlined Registration to Accelerate Dealer Buying and Selling Experience TradeRev, North America’s leading dealer-to-dealer digital auction platform, announced a series of platform enhancements to help dealers MOVE METAL® faster and easier. Beginning Feb. 5, 2019, TradeRev will shorten its auction timer to increase the velocity of dealer transactions on MORE >

ADESA Announces Additions to National Sales Team

Published: January 21, 2019

ADESA, a business unit of global vehicle remarketing and technology solutions provider KAR Auction Services, Inc. (NYSE: KAR), announces two additions to its national sales team. Patrick Ming has joined the team as executive sales director, and Vince McNeal has rejoined the team as senior director of customer solutions. “Both Patrick and Vince have the MORE >

PAR North America Names New Remarketing Services Leader

Published: January 17, 2019

New Senior Vice President Brings Over Two Decades of Remarketing Experience PAR North America, a business unit of global vehicle remarketing and technology solutions provider KAR Auction Services, Inc. (NYSE: KAR), announces Stacey White will lead its remarketing services division as senior vice president. PAR North America is a leading U.S. provider of vehicle transition MORE >

ADESA Partnerships Raise More Than $210,000 for JDRF in 2018

Published: January 16, 2019

Seven-Year Fundraising Partnerships Raise More Than $1.5 Million ADESA, a business unit of global vehicle remarketing and technology services provider KAR Auction Services, Inc. (NYSE: KAR), in partnerships with fleet management company EMKAY and the Ford Global Action Team, raised $210,546 in support of JDRF last year. Together, these partnerships have raised more than $1.5 MORE >

TradeRev Bolsters Bench Strength with New Hires and Promotions

Published: January 15, 2019

Moves to Accelerate North American Expansion and Intensify Focus on Dealer Success TradeRev, North America’s leading dealer-to-dealer digital auction platform, announced several key executive appointments in advance of their annual MOVE METAL® event at next week’s National Auto Dealers Association Show 2019 Expo. Kayne Grau, formerly president of Data as a Service at TradeRev parent MORE >

KAR Announces New Business Development Leader at Recovery Database Network

Published: January 11, 2019

KAR Auction Services, Inc. (NYSE: KAR), a global automotive remarketing and technology services provider, announces John Sibbitt joins the management team of Recovery Database Network (RDN) as vice president of business development. RDN provides specialized software and data solutions to customers across the repossession and disposition value chain. Sibbitt brings eight years of management, operations MORE >

Peter Kelly Named President of KAR Auction Services, Inc.

Published: January 8, 2019

Digital Innovator to Lead Aligned Operations, Service Excellence and Business Evolution KAR Auction Services, Inc. (NYSE: KAR) a global automotive remarketing and technology services provider, announced the promotion of Peter Kelly to the newly created role of president. The appointment comes after several years of strategic investments and acquisitions that have broadly diversified the company’s MORE >