KAR Global Inc. will focus on honing and growing its slate of digital assets as it prepares to sell its massive ADESA U.S. auto auction business to online used-vehicle retailer Carvana — a move that some wary dealers are watching closely.
The sale came out of KAR Global's recognition that its digital dealer-to-dealer tools were picking up traction with customers, CEO Peter Kelly said. It's part of an ongoing digital shift for the company.
"These are our customers' preferences, not necessarily changes we're driving," Kelly told Automotive News last week.