CarsArrive Network Acquires Dependable Auto Shippers Business
May 17 2017 - 1:00PM
KAR Auction Services, Inc. (NYSE:KAR), today announced that its
CarsArrive Network (CarsArrive) subsidiary has acquired the vehicle
transportation business of Dependable Auto Shippers (DAS).
CarsArrive is the world’s only fully automated used vehicle hauling
solution with more than two million vehicles delivered each year.
The addition of DAS will extend CarsArrive’s transportation and
logistics solutions into the growing consumer market segment.
“CarsArrive has developed a leading portfolio of
products and services that help dealers, wholesalers, fleet
managers and other commercial customers ship their vehicles safely
and efficiently,” said Michael Briggs, president and CEO of
CarsArrive and Recovery Database Network, Inc (RDN). “We are
excited to bring our strong history, expertise and commitment to
quality and service to meet the vehicle shipping needs of
consumers.”
Online vehicle purchasing, particularly
dealer-to-consumer transactions, has generated increased consumer
demand for vehicle transportation and logistics services.
Additionally, consumers are looking for dependable vehicle
logistics solutions for relocations and other personal vehicle
transportation needs. CarsArrive currently delivers vehicles to
private homes on behalf of selling dealers, but with the addition
of DAS, will extend their integrated network to serve consumers
directly.
“If there’s a vehicle to be moved in any channel
for any customer, CarsArrive wants to be there to move it,” said
Briggs. “Consumer-centricity is the next phase in our evolution,
and we’ll bring the strength and confidence of the entire KAR
platform to help us deliver value, convenience and exceptional
service.”
CarsArrive Network provides an online marketplace
where shippers and carriers come together and conduct business in a
trusted and secure environment. Their North American network of
automated vehicle transport services includes more than 4,500
registered carriers representing over 30,000 trucks.
About KAR Auction Services KAR
Auction Services (NYSE:KAR) provides sellers and buyers across the
global wholesale used-vehicle industry with innovative,
technology-driven remarketing solutions. KAR’s unique end-to-end
platform supports whole car, salvage, financing, logistics and
other ancillary and related services, including the sale of
approximately 5.1 million units valued at over $40 billion through
our auctions. Our integrated physical, online and mobile
marketplaces reduce risk, improve transparency and streamline
transactions for customers in 110 countries. Headquartered in
Carmel, Ind., KAR has approximately 17,400 employees across the
United States, Canada, Mexico and the United Kingdom.
www.karauctionservices.com.
KAR Contacts
Media Inquiries:
Tobin Richer
(317) 249-4521
tobin.richer@karauctionservices.com
Analyst Inquiries:
Mike Eliason
(317) 249-4559
mike.eliason@karauctionservices.com
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