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KAR Auction Services launches integrated dealer consignment offerings.

Auto Business News-February 13, 2020--KAR Auction Services launches integrated dealer consignment offerings

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Auto Business News - 13 February 2020

KAR Auction Services Inc. (NYSE: KAR), the parent company of auction innovator ADESA and the pioneering TradeRev digital platform, has launched its integrated dealer consignment offerings.

The new products are claimed to influence the speed and efficiency of TradeRev's 45-minute, live-bidding digital auctions with the geographic convenience and full-service capabilities of ADESA's 74 North American physical auction locations. Sellers can now transact on up to five distinct auction channels with an integrated audience of more than 90,000 dealers, and buyers can source inventory from up to 75,000 unique vehicles offered for sale each day.

Peter Kelly, president of KAR Global, said, 'Dealers don't want to manage multiple apps, auctions and websites - they need a single solution that does it all, and that's what KAR Global delivers. For sellers, it's about choice of venue and getting the most looks and best economic outcome for every vehicle. For buyers, it's about having the right vehicles at the right price for any lot, including more than 80 percent of North America's off-lease inventory that dealers won't find on any other digital or online platform. In-app, online or in-lane, KAR Global is your open road to buying and selling.'

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Publication:Auto Business News (ABN)
Date:Feb 13, 2020
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