CARMEL, Ind., April 15, 2021 /PRNewswire/ -- ADESA, a
leading provider of digital marketplaces for used vehicles,
announces the launch of "Off-Lease Exclusive" on ADESA.com. ADESA
is a business unit of global vehicle remarketing and technology
solutions provider KAR Auction Services, Inc. d/b/a KAR Global
(NYSE: KAR). The new filtering and search functionality gives
dealers one-click access to approximately 80% of North America's off-lease inventory days
before it is available through any other auction.
"In today's supply-constrained market, dealers need a quick,
easy way to source quality, late model, low mileage inventory,"
said John Hammer, chief commercial
officer of KAR Global and president of ADESA. "Thousands of these
cars become available every day—fresh off our commercial private
label platforms and available only on ADESA.com. By using our new
Off-Lease Exclusive functionality, we're giving franchise and
independent dealers an early and exclusive opportunity to purchase
the very best inventory out there before it goes to auction."
Buyers can instantly identify fresh, CPO-quality vehicles on
ADESA.com by looking for the new teal-colored "star tag" icon on
all Off-Lease Exclusive inventory. Off-Lease Exclusive listings are
refreshed daily and available for only 24 to 48 hours depending on
consignor. To make sure they don't miss out on desired inventory,
dealers can utilize the site's integrated data-driven search
functionality to set personalized alerts and in-app notifications.
ADESA has also deployed new interactive technology within ADESA.com
to help customers optimize the benefits of the Off Lease Exclusive
functionality through an interactive, step-by-step instructional
"This is just another way ADESA is innovating to make wholesale
easy so our customers can be more successful," continued Hammer.
"We hope ADESA.com and Off-Lease Exclusive help dealers save time
and effort, secure the very best cars for their lots, and continue
to meet the demand of their retail customers."
In addition to Off-Lease Exclusive inventory, ADESA.com also
features over 60,000 commercial, dealer, fleet, rental and
repossession listings each day and gives buying dealers seamless
access to the company's live auction simulcast sales and run lists.
The entire site is powered by ADESA's proprietary data analytics
engine which provides customers with vehicle recommendations
tailored to their specific dealership and local retail market
Current ADESA.com dealers can utilize the new Off-Lease
Exclusive functionality the next time they log into the site.
Dealers not currently transacting on ADESA.com can enroll by
clicking the "REGISTER" button at www.adesa.com/off-lease.
KAR Auction Services, Inc. d/b/a KAR Global
(NYSE: KAR), provides sellers and buyers across the global
wholesale used vehicle industry with innovative, technology-driven
remarketing solutions. KAR Global's unique end-to-end platform
supports whole car, financing, logistics and other ancillary and
related services, including the sale of nearly 3.1 million units
valued at approximately $30 billion
through our auctions in 2020. Our integrated physical, online and
mobile marketplaces reduce risk, improve transparency and
streamline transactions for customers in about 75 countries.
Headquartered in Carmel, Indiana,
KAR Global has employees across the
United States, Canada,
Mexico, Uruguay, U.K. and Europe. For more information and the latest
KAR Global news, go to www.karglobal.com and follow us on
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SOURCE KAR Global