NYSE, KAR - Kar Auction Services Inc
We are a leading provider of vehicle auction services in North America. We
facilitate an efficient marketplace providing auction services for sellers of
used, or ?whole car,? vehicles and salvage vehicles through our 214 physical
auction locations at December 31, 2009, and multiple proprietary Internet
venues. In 2009, we facilitated the sale of over 3.3 million used and salvage
vehicles. Our revenues are generated through auction fees from both vehicle
buyers and sellers as well as by providing value-added ancillary services,
including inspections, storage, transportation, reconditioning, salvage
recovery, titling, and floorplan financing. We facilitate the transfer of
ownership directly from seller to buyer and we do not take title or ownership to
substantially all vehicles sold at our auctions. We currently have over 150,000
registered buyers at our auctions. ...
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