KAR starts online auto auction platform, ADESA Europe

July 1, 2019

KAR Auction Services Inc., a global vehicle remarketing and technology solutions provider, launches its ADESA Europe digital auction, a rebranding of Belgium-based CarsOnTheWeb. Acquired by KAR in February 2019, COTW is now fully integrated into the KAR family. The ADESA Europe brand extends the KAR family of companies' international name recognition and reputation beyond North America and the U.K. to Continental Europe. ADESA Europe will continue to provide COTW customers a robust online wholesale vehicle auction marketplace that seamlessly connects OEMs, fleet owners, wholesalers and dealers in more than 50 countries.

"ADESA already has strong brand recognition across North America and the U.K., and CarsOnTheWeb is Continental Europe's leading cross-border automotive remarketing platform," said Benjamin Skuy, KAR's Executive Vice President for International Markets and Strategic Initiatives. "There is no better way to fully welcome CarsOnTheWeb to the KAR family than by extending the ADESA brand to all of Europe. Backed by KAR's auto tech, data, ancillary service capabilities and strong industry relationships, ADESA Europe will lead and accelerate the evolution of the European marketplace."

The ADESA Europe brand will extend to each of the local markets where it has sales operations as ADESA Belgium, ADESA France, ADESA Germany, ADESA Italy, ADESA Netherlands and ADESA Spain.

"We are already leveraging KAR's reputation as our new parent company, and now, as a true ADESA brand, we can further advance our proven, profitable operating model," said Johan Meyssen, CEO of ADESA Europe. "As ADESA Europe, we have the power to deliver seamless, convenient and connected services on a global scale and continue to drive growth and better serve our customers."

ADESA Europe provides sellers and buyers across Europe with a wide range of vehicle auction, transportation, finance and related support services. The company's online and mobile tools are available in 19 languages and deliver real-time search, bid, payment and logistics scheduling functionality. ADESA Europe provides comprehensive, VAT-compliant payment, document transfer and post-sale processes supporting the 97% of customer transactions that involve cross-border sales.

SOURCE KAR Auction Service

Join us November 12-15 for the Property Portal Watch Conference 2019 in Madrid.

Property Portal Watch Madrid Summit 2019

July 1, 2019

Subscribe to our mailing list to get the famous, free Friday newsletter!

News and analysis to help build better online marketplace businesses, in your inbox, every Friday

Related News

Cooperrocketacq
Rocket to Acquire Mr Cooper Mortgage Service for $9.4 Billion

Rocket Companies has announced a $9.4 billion all-share deal to acquire Mr. Cooper, the largest mortgage servicer in the United...

Read More
Scout24 German Houses 1
Scout24 Closes Another Data-Focused Acquisition

Germany-based marketplace operator Scout24 has continued its expansion into real estate data with the acquisition of Austrian proptech firm ImmoUnited....

Read More
People Roundup 28Mar 2
People Roundup: Aviv Group, Pisos.com, Kleinanzeigen, REA India, Anjuke

There have been several high profile C-suite moves in this week's People Roundup. We'll start in Europe...   Europe: Aviv...

Read More
Product Update 2025Mar28 3
Product and Services Roundup: Zoopla, ViewIt

This week's Product Roundup starts in the UK, where it's all about Zoopla...   UK: Zoopla's MyHome product is used...

Read More

Editor's Pick