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ADESA (Auto Dealers Exchange Services of America) doesn't sell cars, it sells fleets of cars to dealers. The company offers used- and salvage-vehicle redistribution services to automakers, lessors, and dealers in the US, Canada, and Mexico. ADESA operates about 60 whole car auction sites; it also offers such ancillary services as logistics, inspections, evaluation, titling, and settlement administration. The company collects fees from buyers and sellers on each auction and from its extra services. Its AFC (Automotive Finance Corporation) unit offers dealer floorplan financing services from more than 85 locations. In 2007, ADESA was acquired by a group of private equity funds, KAR Holdings, Inc.
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Address: |
13085 Hamilton Crossing Blvd.
Carmel, IN 46032
| | Phone: | 317-815-1100 | | Fax: | 317-249-4651 |
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| Financial
Highlights | | Fiscal Year End: | December | | Revenue (2008): | 1123.40 M | | Revenue Growth (1 yr): | 65.80% | | Employees (2008): | 11,000 | | Employee Growth (1 yr): | 0.00% |
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Key People
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President and CEO:
Thomas J. (Tom) Caruso
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EVP Operations and Finance:
Paul Lips
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Dealer Business Development Director:
Dan Barson
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