For Immediate Release
KAR Auction Services Raises More Than $9,000 for 2015 Indiana Tour de Cure
Carmel, Ind.-based KAR Auction Services, Inc. (NYSE: KAR), a provider of used vehicle auction services, announced today the company’s team raised more than $9,000 for the 2015 Indiana Tour de Cure, the annual cycling event to raise money for the American Diabetes Association. KAR Auction Services CEO Jim Hallett made the announcement.
Team KAR, which was comprised of 17 volunteers from the KAR group of companies, rode together for the fourth consecutive year at the Indianapolis Motor Speedway on June 20, 2015. With the help of riders, supporters and a series of fundraising activities at KAR’s corporate headquarters, Team KAR raised more than $9,000, bringing the organization’s four-year total to almost $195,000 for the cause.
“The KAR group of companies is dedicated to giving back to the community, and the annual Indiana Tour de Cure is a fun, engaging way for our team to support an extremely worthwhile cause,” said Hallett. “On behalf of Team KAR, I would like to thank our colleagues, family and friends for their overwhelming generosity and support of this cause.”
The Tour de Cure is the American Diabetes Association’s signature fundraising cycling event, and part of KAR Auction Services’ ongoing charitable outreach initiatives. Each year, the nationwide Tour de Cure events raise more than $29 million to find a cure for diabetes, and to support the foundation’s mission.
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 13,000 employees across the globe. Together, KAR’s complementary businesses provide support, technology and logistics for the used vehicle industry. For more information, visit karauctionservices.com.