KAR Auction Services acquires HBC Vehicle Services in UK
KAR Auction Services, the U.S. provider of end-to-end vehicle remarketing services, has acquired HBC Vehicle Services in the UK, via its British subsidiary ADESA. With headquarters on Canvey Island, HBC specialises in salvage vehicle auctions and related services for insurance, fleet and accident management companies.
“This is the start of our expansion into new global markets, and we look forward to bringing our remarketing skills to the UK and beyond”, said Jim Hallett, CEO and Chairman of KAR. “We are unique for the unmatched range of our automotive remarketing services, from online and physical whole car and salvage auctions to floorplan financing and a wide range of used vehicle technology solutions”.