KAR Rebrands CarsOnTheWeb as ADESA Europe
KAR Auction Services has fully integrated and officially rebranded the recently acquired CarsOnTheWeb as ADESA Europe, serving dealers, wholesalers, manufacturers, and fleets in more than 50 countries.
Acquired by KAR in February, CarsOnTheWeb has been officially relaunched as ADESA Europe.
Photo courtesy KAR Auction Services
CARMEL, Ind. — KAR Auction Services Inc. has officially unveiled its ADESA Europe digital auction. The launch is a rebranding of Belgium-based CarsOnTheWeb, which KAR acquired in February 2019.
The ADESA Europe brand extends the KAR family of companies’ international name recognition and reputation beyond North America and the UK to Continental Europe. ADESA Europe will continue to provide COTW customers a robust online wholesale vehicle auction marketplace that seamlessly connects dealers, wholesalers, manufacturers, and fleet owners in more than 50 countries.
“ADESA already has strong brand recognition across North America and the UK, 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.”
Executives noted 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.”
Originally posted on Auto Dealer Today
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