KAR Auction Services, Inc., through its subsidiaries, provides vehicle auction services in North America. It operates in three segments: ADESA Auctions, IAAI, and AFC. The ADESA Auctions encompasses wholesale auctions relates to used vehicle remarketing, including auction services, remarketing, or make ready services. It offers off-lease vehicles, repossessed vehicles, rental vehicles, and other program fleet vehicles. This segment also provides value-added ancillary services, such as inspections, storage, transportation, reconditioning and titling, and other administrative services. It serves commercial fleet operators, financial institutions, rental car companies, used vehicle dealers, vehicle manufacturers and their captive finance companies, and franchised and independent used vehicle dealers. As of December 31, 2009, this segment consisted of a 62 whole car auction network. The IAAI segment offers salvage vehicle auctions and related services. The salvage auctions facilitate the redistribution of damaged or low value vehicles designated as total losses by insurance companies and charity donation vehicles, as well as recovered stolen vehicles. This segment specializes in providing services, such as transportation, titling, salvage recovery, and claims settlement administrative services. It provided services through 157 sites. The AFC segment offers short-term and inventory-secured financing, known as floorplan financing, to independent used vehicle dealers. This segment provided its services through 88 branches. The company was formerly known as KAR Holdings Inc. and changed its name to KAR Auction Services, Inc. in November 2009. The company was founded in 2006 and is headquartered in Carmel, Indiana. KAR Auction Services, Inc. is a subsidiary of KAR Holdings II, LLC.Founded in 2006, KAR Auction Services is an established company that loves to hire graduates from Purdue University, with 13.6% of its employees having attended Purdue University. KAR Auction Services has established itself as a great place to work in Indiana, and it is number 13 on Zippia's list of Best Companies to Work for in Carmel, IN.The average employee at KAR Auction Services makes $39,137 per year. Pay at KAR Auction Services is significantly lower than some of its highest paying competitors, like Cox Automotive, MSX International, and JM Family Enterprises, which pay $82,204, $77,558, and $68,741, respectively.KAR Auction Services is an industry leader with 10,000 employees and an annual revenue of $1.6B that is headquartered in Indiana.
KAR Auction Services's mission statement
Our mission at KAR Auction Services is to invest in and leverage best-in-class technology solutions to provide continuously streamlined, elevated service to our customers.
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4.5/5
KAR Auction Services employee reviews
Based on 2 ratings
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Employee reviews
5.0
A zippia user wrote a review on May 2021
Pros of working at KAR Auction Services
Decent hours and boss and staff are good to work with.
Cons of working at KAR Auction Services
Not enough pay for the work we do.
KAR Auction Services benefits
Paid Vacation
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4.0
A zippia user wrote a review on Dec 2020
Pros of working at KAR Auction Services
The people and the variety of tasks that allowed me to learn and grow
Cons of working at KAR Auction Services
There were a couple of instances of severe office / management politics. I was told by a few people that some people don't like when others are better than them at something.
KAR Auction Services benefits
Health Care
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The team at KAR Auction Services
The founders of KAR Auction Services is Justin T Davis.
The key people at KAR Auction Services are Peter J. Kelly and Justin T Davis.
Key people
Peter J. Kelly
Justin T Davis
The inside scoop
KAR Auction Services offers innovative, technology-driven remarketing solutions across the global automotive industry. Headquartered in Carmel, Indiana, they've been providing everything wholesale-used car sellers and buyers might need, from salvage and used-car auctions to support services since 2006. This private company, with around ten thousand employees, has about $1 billion in revenue.
KAR Auction Services rankings
KAR Auction Services is ranked #30 on the Best Automotive companies to work for in Indiana list. Zippia's Best Places to Work lists provide unbiased, data-based evaluations of companies. Rankings are based on government and proprietary data on salaries, company financial health, and employee diversity.
Evaluate KAR Auction Services' commitment to diversity and inclusion.
KAR Auction Services diversity
9.1
Diversity score
We calculated KAR Auction Services’s diversity score by measuring multiple factors, including the ethnic background, gender identity, and language skills of KAR Auction Services’s workforce.
KAR Auction Services diversity summary. Zippia estimates KAR Auction Services's demographics and statistics using a database of 30 million profiles. Zippia verifies estimates with BLS, Census, and current job openings data for accuracy. We calculated KAR Auction Services's diversity score by measuring multiple factors, including the ethnic background, gender identity, and language skills of KAR Auction Services's workforce.
KAR Auction Services has 10,000 employees.
42% of KAR Auction Services employees are women, while 58% are men.
The most common ethnicity at KAR Auction Services is White (62%).
11% of KAR Auction Services employees are Asian.
11% of KAR Auction Services employees are Hispanic or Latino.
The average employee at KAR Auction Services makes $39,137 per year.
Employees at KAR Auction Services stay with the company for 5.3 years on average.
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KAR Auction Services financial performance
8.6
Performance score
We calculated the performance score of companies by measuring multiple factors, including revenue, longevity, and stock market performance.
KAR Auction Services currently has 1.5B in revenue. KAR Auction Services's most recent quarter produced 416.3m (q3'2023).
KAR Auction Services annual revenue
$3B
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$692M
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Highest paying KAR Auction Services competitors
Compare KAR Auction Services salaries to competitors, including Cox Automotive, MSX International, and JM Family Enterprises. Employees at Cox Automotive earn the highest average yearly salary of $82,204. The salaries at MSX International average $77,558 per year, and the salaries at JM Family Enterprises come in at $68,741 per year.
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Company
Average salary
Jobs
1
$82,204
0
2
$77,558
0
3
$68,741
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4
$56,271
0
5
$46,765
0
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$46,557
0
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KAR Auction Services FAQs
When was KAR Auction Services founded?
How many employees does KAR Auction Services have?
Zippia gives an in-depth look into the details of KAR Auction Services, including salaries, political affiliations, employee data, and more, in order to inform job seekers about KAR Auction Services. The employee data is based on information from people who have self-reported their past or current employments at KAR Auction Services. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by KAR Auction Services. The data presented on this page does not represent the view of KAR Auction Services and its employees or that of Zippia.
KAR Auction Services may also be known as or be related to Kar Auction Services, Inc, KAR Auction Services, Kar Auction Services, Inc., KAR Auction Services, Inc. and KAR Auction Services Inc.
