KAR Holdings, Inc. · Carmel, IN United States
Company Description
Phone: 317-815-1100
Toll Free: 800-923-3725
View KAR Holdings, Inc. Locations On A US Map
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This link will open in a new window KAR Holdings is not a used car lot, but they sell a lot of used cars through subsidiaries. Formed in 2007, KAR Holdings brings the operations of ADESA , Insurance Auto Auctions (IAA), and Automotive Finance Corporation under their holding company umbrella. Private equity firms Kelso & Company , GS Capital Parters , ValueAct Capital , and Parthenon Capital spawned KAR after their acquisition of ADESA. Operations consist of ADESA's wholesale used vehicle auctions, IAA's salvaged auto auctions, and Automotive Finance Corporation's capital funding operations serving used car dealers. The companies' operations span North America. To read the full description, subscribe now.
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Key KAR Holdings, Inc. Financials
| Company Type | Private Headquarters |
| Fiscal Year-End | December |
| 2007 Sales (mil.) | $1,102.8 |
| 2007 Employees | 11,000 |
KAR Holdings, Inc. Executives
11 executives listed for KAR Holdings, Inc.'s Carmel, IN location.
| Title | Name & Bio | Contact |
| CEO | Brian Clingen | Network |
| EVP and CFO | Eric Loughmiller | Network |
| EVP and CIO | John Nordin | Network |
Competition
Competitive Landscape for KAR Holdings, Inc.
Population demographics, consumer income, and consumer tastes drive demand. The profitability of individual companies depends on efficient procurement and effective merchandising. Large companies have advantages in marketing and finance. Small companies can compete effectively by offering specialty products, serving a local market, or providing superior customer service. The industry is labor-intensive: average annual revenue per worker is under $70,000. Used merchandise stores compete with retailers offering new merchandise. Companies also compete with individuals selling used merchandise privately or through websites, such as eBay. To read the full description, subscribe now.Top KAR Holdings, Inc. Competitors
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