KAR Auction Services Chairman and CEO Jim Hallett Delivers Keynote at Fleet Europe Remarketing Forum in Barcelona
CARMEL, Ind., November 22, 2016 – KAR Auction Services, Inc. (NYSE: KAR), Chairman and CEO Jim Hallett delivered a keynote address at the Fleet Europe Remarketing Forum in Barcelona, Spain, on November 15. KAR is a global vehicle remarketing and technology services provider based in Carmel, Ind. with operations in the United States, Canada, Mexico, and the United Kingdom.
“The European auto remarketing industry is rapidly evolving. Economic trends, shifting demographics and rising customer expectations are accelerating change – and opportunity for new entrants and disruptors,” said Hallett. “Integrated technology and clear, actionable data are central to empowering the buying and selling experience. I appreciated the opportunity to contribute KAR’s insights and solutions to this important dialogue and dynamic marketplace.”
As a keynote speaker, Hallett presented his views on the future of automotive remarketing based on his 40+ years of industry experience and lessons learned as the leader of KAR Auction Services. He discussed building the company from a single auction into a multi-national technology company focused on innovation, data science and service. He also provided insight into KAR’s holistic approach to remarketing through the company’s three primary business units—ADESA, Automotive Finance Company (AFC) and Insurance Auto Auctions (IAA). Combined with numerous additional business units, KAR Auction Services provides an end-to-end remarketing platform across integrated physical, online, mobile, and digital channels.
Hallett also participated in a panel session with three industry thought leaders discussing the impact of the global economic forecast for the remarketing business. They discussed opinions on a variety of social, political, and financial trends and how those may translate into perceptions, behaviors or actions that influence and impact the global remarketing eco-system.
Each year, the Remarketing Forum brings in 150 industry professionals from a variety of diverse sections of the remarketing industry, including OEMs, residual value setters and consultants, vehicle leasing companies, car rental companies, remarketing insurance providers, etc., to network and exchange insight in relevant industry topics. The event was held at the Catalunya Congress Center in Barcelona. To learn more about the conference, visit http://forum.fleeteurope.com/
About KAR Auction Services
KAR Auction Services, Inc. (NYSE: KAR), a FORTUNE® 1000 company, operates worldwide vehicle auction services and provides related services. Based in Carmel, Indiana, 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 over 17,000 employees and 300 locations. Together, KAR’s complementary businesses provide support, technology and logistics for the used vehicle industry. For more information, visit karauctionservices.com.