New KAR HQ Progressing, Representing Tech 'Transformation'

Posted: Updated:

Carmel-based KAR Auction Services Inc. (NYSE: KAR) says its planned $80 million headquarters in the Hamilton County city remains on-pace to open next summer. The wholesale used vehicle industry company, which announced the major investment a year ago, says it currently has 1,200 job openings throughout North America. Its expansion plans include 400 additional jobs by 2020.

In an interview during a hard hat tour of the construction, Chief Executive Officer Jim Hallett told Inside INdiana Business Reporter Mary-Rachel Redman the new building is a boon for drawing highly-skilled workers. "We're in a very competitive market for talent, especially IT talent," Hallett said. "I think the building makes a difference in terms of attracting talent and I think just our location -- where we're located, right here on (U.S.) 31 -- as I like to say, we're only but a five-iron from I-465. We've got lots of amenities right close around us and with all that, it just makes it a great site and a great location."

The move, KAR says, is focused on boosting the company's already robust technological capabilities. Many of the jobs currently available are tech-enabled, including nearly 70 in Indiana for roles such as developers and IT professionals. The new HQ will be home to innovation, technology and data-as-a-service divisions, as well as be home of its TradeRev mobile app-based auction subsidiary, a business it first invested in four years ago. In February, KAR detailed the acquisition of San Francisco-based STRATIM, which develops fleet management software in the on-demand car, ride sharing and autonomous vehicle markets. Other acquisitions in recent years include Chicago-based data business DRIVIN.

Hallett added the play toward tech represents "the next chapter in our growth" and demonstrates the company's ongoing transformation.

Plans call for the new facilities to include 250,000 square-feet that will feature "an open floorplan and broad collaborative workspaces." KAR currently employs approximately 17,500 throughout the United States, Canada, Mexico and the United Kingdom.

  • Perspectives

    • Regional Investment Proposal Could be a Game Changer for Quality of Place Initiatives in Indiana

      While quality of place may be defined differently by people, a growing number of Hoosiers recognize the importance of this issue. In particular, the impact of quality of place on talent attraction and retention in a geographic area cannot be ignored. The future of every community is dependent on quality of place. Like many Midwestern states, Indiana is not growing at the same pace as areas in the southern and western regions of the United States.



Company Name:
Confirm Email:
INside Edge
Morning Briefing
BigWigs & New Gigs
Life Sciences Indiana
Indiana Connections


  • Most Popular Stories

    • GPC is a subsidiary of Kent Corp.

      Ag Manufacturer Begins Expansion

      Iowa-based Grain Processing Corp. has broken ground on an expansion project in Daviess County, which has been more than four years in the making. The company is investing $70 million to expand its Washington plant, which could create up to 20 jobs when complete.

    • Chromcraft Revington Acquisition Complete

      A Colorado company has completed its previously-announced acquisition of West Lafayette-based Chromcraft Revington Inc. As a result of the $3.5 million deal, Chromcraft will operate as a wholly-owned subsidiary of...
    • Purdue Touts New Autism Research Center

      Purdue University says it will expand community programs, resources, collaborations and faculty members researching autism with the development of its new Purdue Autism Research Center. The center has 20 faculty members from the colleges of Health and Human Sciences, Education, Science and Veterinary Medicine.

    • IU Kelley Tops U.S News and World Report Rankings

      Indiana University's Kelley School of Business is ranked first among online MBA programs and online master's programs in the most recent U.S. News and World Report Best Online Education Program rankings. Ball State University's Miller College of Business also reached the top 20 in the online MBA rankings.

    • Skilled Nursing Facility Proposed for Merrillville

      A new $7 million skilled nursing facility is being proposed in Merrillville. Our partners at The Times of Northwest Indiana report the development would include five residential buildings outfitted with 12 beds, a dining area, beauty salon and spa.