CARMEL, Ind., June 26, 2019 /PRNewswire/ -- KAR Auction
Services Inc. (NYSE: KAR), a global vehicle remarketing and
technology solutions provider, launches its ADESA Europe digital
auction, a rebranding of Belgium-based CarsOnTheWeb (COTW). Acquired by
KAR in February 2019, COTW is now
fully integrated into the KAR family. The ADESA Europe brand
extends the KAR family of companies' international name recognition
and reputation beyond North
America and the U.K. to Continental Europe. ADESA Europe
will continue to provide COTW customers a robust online wholesale
vehicle auction marketplace that seamlessly connects OEMs, fleet
owners, wholesalers and dealers in more than 50 countries.
"ADESA already has strong brand recognition across North America and the U.K., and CarsOnTheWeb
is Continental Europe's leading cross-border automotive remarketing
platform," said Benjamin Skuy, KAR's
executive vice president for international markets and strategic
initiatives. "There is no better way to fully welcome CarsOnTheWeb
to the KAR family than by extending the ADESA brand to all of
Europe. Backed by KAR's auto tech,
data, ancillary service capabilities and strong industry
relationships, ADESA Europe will lead and accelerate the evolution
of the European marketplace."
The ADESA Europe brand will extend to each of the local markets
where it has sales operations as ADESA Belgium, ADESA France, ADESA
Germany, ADESA Italy, ADESA Netherlands and ADESA Spain.
"We are already leveraging KAR's reputation as our new parent
company, and now, as a true ADESA brand, we can further advance our
proven, profitable operating model," said Johan Meyssen, CEO of
ADESA Europe. "As ADESA Europe, we have the power to deliver
seamless, convenient and connected services on a global scale and
continue to drive growth and better serve our customers."
ADESA Europe provides sellers and buyers across Europe with a wide range of vehicle auction,
transportation, finance and related support services. The company's
online and mobile tools are available in 19 languages and deliver
real-time search, bid, payment and logistics scheduling
functionality. ADESA Europe provides comprehensive, VAT-compliant
payment, document transfer and post-sale processes supporting the
97% of customer transactions that involve cross-border sales.
KAR
Contacts
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Media
Inquiries:
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Analyst
Inquiries:
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Gene Rodriguez
Miller
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Mike
Eliason
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(317)
343-5243
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(317)
249-4559
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gene.rodriguez@karauctionservices.com
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mike.eliason@karauctionservices.com
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About KAR Auction Services
KAR Auction Services (NYSE:
KAR) provides sellers and buyers across the global wholesale used
vehicle industry with innovative, technology-driven remarketing
solutions. KAR's unique end-to-end platform supports whole car,
salvage, financing, logistics and other ancillary and related
services, including the sale of approximately six million units
valued at over $40 billion through
our auctions. Our integrated physical, online and mobile
marketplaces reduce risk, improve transparency and streamline
transactions for customers in more than 130 countries.
Headquartered in Carmel, Ind., KAR
has more than 18,000 employees across the
United States, Canada,
Mexico and Europe. For more information go to
www.karauctionservices.com. For the latest KAR news follow us on
Twitter @KARspeaks.
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SOURCE KAR Auction Services Inc.