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KAR Auction Services (NYSE:KAR) is a global Fortune 1000 company headquartered in the Indianapolis suburb of Carmel, Indiana, with nearly 18,000 employees across the United States, Canada, Mexico and the United Kingdom. Our diverse team helps the worlds largest automotive manufacturers, financial institutions, insurance companies and dealer groups buy, sell and trade used vehicles. Last year we facilitated 5.5 million transactions valued at over $40 billion through our physical, online, and digital/mobile auction marketplaces. The KAR group of companies is comprised of ADESA, Inc. (ADESA), Insurance Auto Auctions, Inc. (IAA), Automotive Finance Corporation, Inc. (AFC), and additional business units. ADESA operates 75 wholesale used vehicle auctions and IAA has 186 salvage vehicle auctions. Both companies offer leading online auction platforms to provide greater access for customers. AFC provides inventory financing and comprehensive business services to primarily independent used vehicle dealers from its 128 locations. Together, KARs complementary businesses provide support, technology and logistics for the used vehicle industry. For the latest news and insights, follow us on Twitter @KARspeaks.
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