KAR Auction Services, the parent company of ADESA, has developed a whole car auction facility in Chicago, Illinois. Named ADESA Chicago, the site will give KAR a strong local presence in the nation’s third largest metropolitan area.
“Identifying opportunities for strategic growth has been a priority of KAR,” said Jim Hallett, KAR chairman of the board and chief executive officer. “The investment in an ADESA auction facility in Chicago is just one example of how we can deploy our capital to expand our market share, serve additional customers and enhance our financial performance. We will not only serve the Chicago market with a new physical auction facility, but I see an opportunity to expand the use of our online offerings in Chicago.”
The auction will be located in Hoffman Estates, Illinois, just off of I-90. It is conveniently located between six major interstate systems and near O’Hare International Airport. KAR will initially develop 65 acres for the ADESA auction and has an option to expand the site up to 150 acres.
Published in the May 2015 Edition of American Recycler News
