ADESA is a global provider of vehicle auction and remarketing services. The company was founded in 1989 as a division of Tom Kontos’ KAR Auction Services, which was itself founded in 1982. ADESA has since grown to operate at over 75 locations in the United States, Canada, and Mexico, employing over 8,000 people.
In the 1990s, ADESA began to expand rapidly, opening new locations and acquiring several other vehicle auction companies. The company also developed a comprehensive online auction platform, which allowed dealers to participate in auctions remotely.
In the 2000s, ADESA continued to grow and expand its services. The company introduced a variety of new technologies, including mobile apps and virtual reality, to enhance the auction experience for both buyers and sellers. ADESA also began offering a range of ancillary services such as financing, insurance, and warranties.
In the 2010s, ADESA expanded globally, opening new locations in Europe and Asia. The company also acquired several other vehicle auction companies in the United States and Canada, further strengthening its position as a leader in the industry.
Today, ADESA is a well-respected and trusted provider of vehicle auction and remarketing services. The company’s comprehensive range of services and use of cutting-edge technologies have made it a preferred choice for dealers, manufacturers, and fleet operators around the world.
In conclusion, ADESA has come a long way since its founding in 1989. Through a combination of strategic acquisitions and the introduction of innovative technologies, the company has become a global leader in the vehicle auction industry.