KAR Auction Services operates in the global wholesale used vehicle industry, providing a comprehensive suite of remarketing solutions. The company serves a diverse range of clients including independent dealers, automotive service companies, and vehicle sellers and buyers. KAR's business model integrates physical, online, and mobile marketplaces to facilitate vehicle transactions, reducing risk and improving transparency. The company generates revenue through vehicle auctions, financing services, and technology solutions. In 2019, KAR sold nearly 3.8 million vehicles valued at approximately $40 billion, generating approximately $2.8 billion in revenue. Nearly 60% of these transactions were executed through online channels, showcasing the company's strong digital presence. KAR's brands, such as OPENLANE, AFC, STRATIM, AutoVIN, and PAR North America, offer specialized services ranging from vehicle inspections to financing and recovery management. The company's technology-driven approach, including innovations like ADESA VirtuaLane, enhances the auction experience by utilizing advanced technology to showcase vehicles during bidding.

Keywords: vehicle remarketing, portfolio management, online auctions, financing, vehicle inspections, recovery management, technology solutions, global wholesale, automotive services, digital marketplaces.