KAR Expands Digital Services with New Acquisition

KAR Auction Services has acquired BacklotCars, expanding the auction company’s digital transformation strategy with the new digital dealer-to-dealer platform.

The addition of BacklotCars supplements the company’s additional digital solutions, including TradeRev, ADESA.com and OPENLANE, according to KAR. BacklotCars will also continue KAR’s expansion into new geographies to meet dealer demand.

BacklotCars’ 24/7 “bid-ask” marketplace format complements the buying and selling options already available at ADESA, including Simulcast+, the company said. BacklotCars’ customers will also now benefit from ADESA’s network of 74 facilities.

Though the companies are actively integrating, there are no immediate changes to either company’s product offerings, pricing or customer agreements, the company said.