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ADESA Notes 30% Pickup in 2009 Online Sales

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April 19, 2010 by   Comments Off on ADESA Notes 30% Pickup in 2009 Online Sales

KAR Auction Services Inc., a leading provider of  auto and RV salvage auction services in North America, today (April 19) announced a 30% increase in online sales volumes for 2009  for ADESA, the company’s wholesale car auction services business, compared to 2008, according to a news release.

Additionally, the holding company’s salvage auction services business, Insurance Auto Auctions (IAA), experienced 9% growth in online sales volumes for 2009 compared to 2008.

Online sales volumes for ADESA in 2009 reached nearly 390,000 vehicles, which represented slightly more than 19% of total vehicles sales for ADESA. Online sales volumes for IAA reached more than 550,000, which represented more than 45%of total vehicle sales for IAA. Total online sales volumes for both companies neared the 1 million mark with more than 950,000 vehicles, making KAR one of the largest online sellers of wholesale used and salvage vehicles worldwide.

“Customers have different buying and selling preferences and KAR is committed to providing them with auction services during every stage of the remarketing process — regardless of where the inventory is located — as well as through every possible channel, online or at our 215 physical whole car and salvage auction locations,” said Benjamin Skuy, executive vice president of international markets and strategic initiatives for KAR.

Dealers are utilizing both the electronic systems and physical sites in record numbers. Recently, the company’s whole car unit received two of Auto Dealer Monthly’s prestigious Dealers’ Choice Awards — top place for purchasing inventory online and second place for brick-and-mortar auctions.

“We have dedicated substantial resources to our platforms — LiveBlock, DealerBlock and i-Bid Live—in order to enhance our online remarketing options,” Skuy said. “In addition, we continue to develop products and services for the entire remarketing industry through our wholly owned subsidiary, LiveBlock Auctions International.”

About KAR Auction Services

KAR Auction Services Inc. is the holding company for ADESA Inc., a leading provider of wholesale used vehicle auctions whose operations span North America with 62 used-vehicle sites, Insurance Auto Auctions, Inc., a leading salvage auto auction company whose operations span North America with 153 sites and Automotive Finance Corporation, a leading provider of floorplan financing to independent and franchised used vehicle dealers with 88 sites across North America.

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