KAR Auction Services Raises More Than $125,000 For United Way
By: Stephanie Cosby
CARMEL, Ind., January 14, 2014 – Carmel, Ind.-based KAR Auction Services, Inc. (NYSE: KAR), a provider of used vehicle auction services, announced today that its team of more than 12,000 employees has raised $127,427 for United Way of Central Indiana. KAR Auction Services, Inc. CEO Jim Hallett made the announcement.
KAR’s two-week United Way fundraising campaign offered a variety of ways for employees to give, including through ePledges, a popcorn sale and a chili cook-off fundraiser. These three initiatives raised more than $63,445, with KAR’s dollar-for-dollar match adding an additional $63,445 to produce the grand total of $127,427.
“The KAR family of companies calls the Indianapolis region home, and is deeply committed to doing our part to strengthen the community. We are inspired by United Way of Central Indiana’s incredible impact on thousands of people every day in our own backyard, and wanted to show our support,” said Hallett. “This fundraising campaign is an excellent way to bring our employees together for a great cause, and to have fun while building up our community.”
KAR’s United Way fundraising campaign is part of the company’s yearlong corporate giving, which serves a variety of local and national nonprofit organizations.
About KAR Auction Services
KAR Auction Services, Inc. is the holding company for ADESA, Inc. (“ADESA”), Insurance Auto Auctions, Inc. (“IAA”) and Automotive Finance Corporation (“AFC”). ADESA is a leading provider of wholesale used vehicle auctions with 65 North American locations and its subsidiary OPENLANE provides a leading Internet automotive auction platform. IAA is a leading salvage vehicle auction company with 164 sites across the United States and Canada. AFC is a leading provider of floorplan financing to independent and franchise used vehicle dealers with 105 sites across the United States and Canada. Together, the Company provides a unique, comprehensive, end-to-end solution for its customers’ remarketing needs.