KAR Auction Services, Inc. is a holding company. It is a provider of
vehicle auction services in North America. It provides auction services
for sellers of used, or whole car, vehicles and salvage vehicles,
through its 229 physical auction locations and Internet venues. Its
revenues are generated, through auction fees from both vehicle buyers
and sellers, as well as by providing ancillary services, including
inspections, storage, transportation, reconditioning, salvage recovery,
titling, and floorplan financing. The Company operates in three business
segments: ADESA Auctions (ADESA), Insurance Auto Auctions, Inc. (IAAI)
and Automotive Finance Corporation (AFC). During 2010, it acquired six
used vehicle auctions, two processors of charity donation vehicles,
which are primarily sold through salvage operations, a loan servicing
company focused on servicing loans made by automobile lenders. In
October 2011, the Company acquired OPENLANE, Inc.
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