James P. Hallett
Jim Hallett has more than 40 years of experience in the automotive industry. As Executive Chairman, Hallett advises the company on strategic and customer and investor relations matters and also serves as Chairman of the Board of Directors. A native of Canada, Hallett joined the company in 1993 as president of ADESA Canada, and in 1996 relocated to Indianapolis to serve as president and CEO of ADESA. He was named CEO of KAR in 2007, Chairman in 2009 and Executive Chairman in 2021.
Under Hallett’s leadership, KAR—a global Fortune 1000 company headquartered in the Indianapolis suburb of Carmel, Indiana, with 10,000 employees across more than 130 operating locations in the United States, Canada, Mexico, Uruguay, the United Kingdom and Europe—has seen unprecedented rapid expansion and growth. KAR’s unique end-to-end platform helps the world’s largest automotive manufacturers, financial institutions and dealer groups buy, sell and trade used vehicles—reducing risk, improving transparency and streamlining transactions for customers in more than 80 countries. In 2020, KAR facilitated nearly 3.1 million vehicle transactions valued at over $40 billion through its physical, online, and digital/mobile auction marketplaces.
With Hallett at the helm, KAR went public in 2009. Since then, KAR has acquired dozens of companies and strategic assets, including OPENLANE, BacklotCars, TradeRev, DRIVIN and CarsOnTheWeb (now ADESA Europe). The architect behind the company’s many strategic investments and acquisitions to better serve customers, Hallett has successfully steered KAR to lead the digital transformation of the auto auction industry while pioneering the use of big data to help customers optimize their auction strategies.
A graduate of Canada’s Algonquin College, Hallett holds a Dealer Management Certification from General Motors University. He has been recognized with numerous industry and community awards throughout his career including the 2019 National Auto Auction Association Hall of Fame Award, the 2018 Indiana Chamber Dynamic Leader of the Year, the NAAA/IARA Ed Bobit Industry Icon Award in 2018, national EY Entrepreneur of the Year 2014 Award in the Services category, the Ring of Honor from the National Independent Automobile Dealers Association and the 2017 John A. Purdie Innovator and Mentor of the Year Award from Marian University. Hallett was also named the 2017 Exceptional Executive by the United Way of Central Indiana—a recognition of his deep commitment to giving back. A lifelong hockey fan, Hallett shares his enjoyment of the sport as owner of the Indy Fuel.