For Immediate Release
High Tech Locksmiths Exceeds 2 Million Keys Made Milestone
Carmel, Ind.—KAR Auction Services, Inc. (NYSE: KAR), a provider of used vehicle auction services, today announced that subsidiary company High Tech Locksmiths (HTL) has hit an impressive milestone, having cut more than 2 million keys for customers. HTL is the largest provider of car keys, including high-security, transponder, proximity and smart keys in North America.
“We’re thrilled but not surprised to hit this threshold. HTL has experienced consistent and steady growth because we are unmatched in the industry,” said David Vignes, executive vice president of enterprise optimization for KAR. “We offer on-site and mobile solutions for a need that could otherwise slow the selling cycle.”
High Tech Locksmiths specializes in lost key generation, duplication and remote programming for the auto remarketing industry. Field technicians are completely mobile and supported by an in-house tech support team, allowing same-day job completion at a price below dealership cost.
“This milestone is a testament the hard work and dedication of our entire HTL team,” said Jay Wiener, CEO of HTL. “Our technicians are highly trained and always strive to provide the highest level of service to our customers.”
The company started in 1992 with just two service trucks. Today an impressive fleet of more than 135 trucks serves the top 58 metro areas of the United States, including 40 of the 50 states. HTL services large dealerships, independent dealers, auto auctions, rental companies and a variety of customers nationwide.
About KAR Auction Services
KAR Auction Services, Inc. (NYSE: KAR), a FORTUNE® 1000 company, operates used vehicle auction services for North American sellers and buyers worldwide. Based in Carmel, Ind., the KAR group of companies is comprised of ADESA, Inc. (ADESA), Insurance Auto Auctions, Inc. (IAA), Automotive Finance Corporation (AFC), and additional business units, with nearly 12,000 employees across the globe.
ADESA operates 65 wholesale used vehicle auctions and IAA has 166 salvage vehicle auctions. Both companies offer leading online auction platforms to provide greater access for customers. AFC provides inventory financing and comprehensive business services primarily to independent used vehicle dealers from its 107 locations. Together, KAR’s complementary businesses provide support, technology and logistics for the used vehicle industry. For more information, visit karauctionservices.com.