KAR Auction Services operates a complete auction solution throughout North America. The company's core business units include ADESA, a wholesale used vehicle operation; Insurance Auto Auctions (IAA), a salvage auto auction company; and Automotive Finance Corporation (AFC), a capital funding source for the used vehicle industry.
The KAR group of companies provides everything wholesale-used car sellers and buyers might need, from salvage and used-car auctions to a complete range of financial and logistical support. This includes financing, repossessions, repairs, transportation, warranty and inventory services. KAR’s ability to deliver a total package differentiates us from any other organization in the auto remarketing industry.
Headquartered in Carmel, Indiana, KAR maintains business units across the United States and Canada. The company’s core business units include:
ADESA is a wholesale, used-vehicle auction operation with 65 locations and a complete online service offering for auto dealers, manufacturers, banks, finance, fleet, lease and rental companies.
Insurance Auto Auctions is a salvage auto auction company with a network of 166 auction sites serving the total-loss needs of insurance companies, fleet, lease and rental companies.
Automotive Finance Corporation is a capital funding source with 107 offices that provides inventory financing and comprehensive business services primarily to independent used-vehicle dealers.
Many of KAR’s business units in turn have their own subsidiaries, all united under the KAR brand. Together, the KAR group of companies provides a complete auction solution for a wide range of customers and their unique remarketing needs. – less