CARMEL, Ind., Oct. 6, 2021 /PRNewswire/ -- ADESA, a
business unit of global wholesale used vehicle digital marketplace
operator KAR Auction Services, Inc. d/b/a KAR Global (NYSE: KAR),
was named a 2021 Automotive News PACE Award winner for its
Simulcast+® technology. The prestigious award recognizes
automotive suppliers for superior innovation, technological
advancement and business performance.
"We are thrilled to be named an Automotive News PACE Award
winner, and to be featured alongside other industry-leading
companies," said Peter Kelly, CEO of
KAR Global. "A huge thanks goes to our teams who worked tirelessly
on this technology so that our customers can be more successful.
We're also grateful to our customers who came along with us on this
journey—their feedback has been invaluable as we enhance the
platform with powerful new features and tools."
ADESA Simulcast+ is a first-of-its-kind product sealed with rave
reviews from customers—some of the world's largest commercial
automotive consigners. It simulates the competitive live auction
environment in a fully digitized, highly automated, live streaming
format. The technology provides buyers and sellers with
unprecedented flexibility, expanded access to vehicles outside the
local auction market, and empowers sellers to combine vehicles from
multiple locations in a single sale. First deployed in April 2020, Simulcast+ conversion and engagement
mirrors results from physical auction sales.
The Automotive News PACE Award is the most recent recognition
for the innovative platform. Earlier this year, ADESA Simulcast+
won top honors for the TechPoint Pandemic Pivot of the Year Mira
Award in the Institutions and Large Enterprises category. The
TechPoint Mira Awards honor companies for achievement, discovery
and innovation in technology.
ADESA is a leading provider of digital marketplaces for
wholesale used vehicles supported by more than 70 vehicle logistics
center locations across North
America. ADESA's progressive technology, data-driven tools
and industry leading customer support are helping make wholesale
easy so its OEM, financial institution, rental, fleet, and
franchise and independent dealer customers can be more successful.
Learn more about ADESA here.
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KAR
Contacts
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Media
Inquiries:
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Analyst
Inquiries:
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Jill
Trudeau
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Mike
Eliason
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(317)
796-0945
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(317)
249-4559
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jill.trudeau@karglobal.com
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mike.eliason@karglobal.com
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About KAR
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 over
$40 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, United
Kingdom and Europe. For
more information and the latest KAR Global news, go to
www.karglobal.com and follow us on Twitter @KARspeaks.
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SOURCE KAR Global