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ADESA company history timeline

1989

ADESA officially traces its roots to 1989, when Mike Hockett formed a company called Auto Dealers Exchange Management, Inc. in Birmingham, Alabama.

In 1989 he split with his partner to manage the Birmingham auction on his own.

Scott joined the automotive finance industry in 1989 and has extensive remarketing and finance experience.

1991

Hockett, 49, was named president and CEO. The company's auctions had sold 173,000 vehicles, worth close to $1.4 billion, in 1991.

His remarketing career began in 1991 as the reconditioning manager for ADESA Memphis; he was later promoted to fleet lease manager and arbitration manager.

1992

In April 1992 two million shares of stock were sold at $11.50 each.

1993

In the spring of 1993 ADESA acquired two auctions in Knoxville, Tennessee, which it would continue to operate until a new, larger facility in the area was completed.

1994

The summer of 1994 saw an agreement reached with General Motors Canada to sell 42,000 rental repurchase vehicles over a three-year span in that country.

Cubitt started in the automotive remarketing industry in 1994, as regional remarketing manager for Enterprise Rent-A-Car.

1996

In early 1996 MP&L boosted its ownership stake in the firm to 83 percent, and ADESA bought another auction near Milwaukee.

1997

The spring of 1997 saw a stake bought in an auction in Sacramento, California, and the sale of the firm's Bradenton, Florida auction.

1998

In 1998 the firm formed an alliance with competitor ADT Automotive, through which ADESA's finance unit would offer loans at all 28 ADT auctions.

1999

In 1999, he received Canada’s DaimlerChrysler Achievement Award.

2000

In early 2000 ADESA bought an auction in San Diego and a partially completed one near Los Angeles.

In 2000, Shore joined ADESA Toronto as general manager.

2001

In May 2001 the firm bought an auction in Tulsa, Oklahoma, and in October Brian Warner was appointed president, with Jim Hallett remaining in charge as CEO. Later in the year, ADESA bought a salvage auction in North Carolina.

In 2001 he accepted a newly created position with the online team at ADESA Canada.

2002

2002: Great Rigs is sold.

2003

January 2003 saw Brian Warner reassigned to head the company's Canadian operations, while Jim Hallett took back the title of president.

The fall of 2003 also saw a new auction facility opened near Atlanta, Georgia, to serve Chrysler Group dealers.

Parker brings more than a decade of remarketing experience to his position, having started his ADESA career in 2003 as the national accounts manager for ADESA Dallas.

2004

2004: ADESA is spun off on the New York Stock Exchange; David Gartzke is named CEO.

In 2004, Wesley became a program manager and oversaw product development and online operations.

2005

In early 2005 ADESA completed the repurchase of some 4.4 million shares of stock to boost its value.

After serving in multiple departments and assisting in the launch of the detail/reconditioning shop, he was appointed general manager in 2005.

2006

He returned to ADESA in 2006 to serve in key roles, including executive sales director and general manager of ADESA San Diego, before assuming his current position as vice president of commercial sales.

2007

Eddy first joined OPENLANE in 2007 as a program director overseeing several North American private label programs.

2011

In 2011, Eddy transitioned to Senior Director Sales and Marketing for ADESA. He took on additional responsibilities including the leadership of the executive sales team and the comprehensive sales strategy for all KAR entities in Canada.

2012

In 2012 Wesley accepted a position as senior director of online operations until his promotion as vice president of programs and operations where his focus is to enhance the customer experience across Canada through technology and service improvements.

2014

Previously, Trevor served as vice president of e-business and business development for ADESA Canada and then managing director of OPENLANE Canada and in 2014 he was appointed to his current role as chief operating officer of ADESA Canada.

2016

Cubitt joined ADESA through the acquisition of Flint Auto Auction, now ADESA Flint, in 2016.

2017

In 2017 he was promoted to his current role as Vice President of Commercial Sales.

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Founded
1989
Company founded
Headquarters
Carmel, IN
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ADESA competitors

Company nameFounded dateRevenueEmployee sizeJob openings
Akron Auto Auction1973$23.0M100-
XLerate Group2010$77.2M3,000-
Greater Quad City Auto Auction1947$2.8M6-
Copart1982$4.2B7,600462
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Greensboro Auto Auction1986$310.0M75031
America's Auto Auction2005$15.5M13047
ABRA Auto1984$1.5B50-
United Auto Recovery1973$30.0M222-

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ADESA may also be known as or be related to ADESA, ADESA Corporation LLC, ADESA Inc, ADESA, Inc., Adesa and Adesa LLC.