KAR Auction ServicesUPDATE COMPANY INFO
Together, KAR’s complementary businesses provide support, technology and logistics for the used vehicle industry.
KAR Auction Services, Inc. operates a complete auction solution throughout North America. The company’s core business units include ADESA, a wholesale used vehicle operation, Insurance Auto Auctions (IAAI), a salvage auto auction company; OPENLANE, the leading provider of online remarketing services to the wholesale used car industry; and Automotive Finance Corporation (AFC), a capital funding source for the used vehicle industry.
KAR Auction Services NewsUPDATE
Carmel-based KAR Auction Services Inc. has acquired Chicago-based startup CarCo Technologies Inc. in a $43 million stock purchase, a move KAR says will beef up its data-analytics capabilities. The deal, announced Wednesday, closed on Friday. CarCo, which does business as Drivin, aggregates automotive retail, pricing, registration and other data, giving customers access to pricing information
They’re 2.5 miles apart, along North Meridian Street. To the north, in Carmel, is the headquarters of KAR Auction Services, whose ADESA unit is the nation’s second-largest wholesale auto auction chain. To the south, at 10333 N. Meridian St., is relative newcomer XLerate Group, a wholesale auto auction led by former ADESA executive Cam Hitchcock. They
Carmel-based vehicle auctioneer KAR Auction Services has acquired a Michigan-based firm for $76 million, KAR announced Tuesday. Flint Auto Auction is a fully automated, eight-lane auction facility that occupies 60 acres in Flint, Michigan. The site also includes full-service vehicle reconditioning facilities, including body and mechanical shops. It has a 63-year history and serves customers