Description
KAR Auction Services, Inc. is a provider of whole car auctions and related services to the vehicle remarketing industry in North America.
The Company serves its customer base through online auctions and auction facilities that are developed to draw professional sellers and buyers together and allow the buyers to inspect and compare vehicles remotely via ADESA.com or in person. Its online service offerings allow it to offer vehicles for sale from any location. The Company operates through two segments: ADESA, Inc. (ADESA Auctions or ADESA) and Automotive Finance Corporation (AFC).
The ADESA segment is a provider of whole car auctions and related services to the vehicle remarketing industry in North America. The AFC segment provides floorplan financing to independent used vehicle dealers.