WINNER: Going to the auction without leaving home
KAR Global
2021 - PACE Award Winner
WHAT: ADESA Simulcast+
INNOVATION: Simulcast+ is a fully automated, auctioneer-less digital auction platform that enables remote vehicle buying and selling. Buyers can purchase vehicles from auctions across the country from their home or office, free from traditional auction schedule constraints. Sellers can offer product remotely, free from traditional transportation issues since vehicles no longer have to be on-site.
FIRST CUSTOMER: Undisclosed
WEBSITE: adesa.com
In March 2020, KAR Global idled more than 70 physical vehicle auction operations because of COVID-19 restrictions and concern for the safety of employees, customers and communities. At that moment, the auction firm created Simulcast+, a fully automated, auctioneer-less digital auction platform that enables remote vehicle buying and selling.
Buyers can purchase vehicles from auctions across the country from their home or office, free from traditional auction schedule constraints. Sellers can offer product remotely, free from traditional transportation issues, since vehicles no longer have to be on-site.