New KAR HQ Progressing, Representing Tech 'Transformation'

Posted: Updated:
Jim Hallett is CEO of KAR Auction Services Jim Hallett is CEO of KAR Auction Services
CARMEL -

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

    • What’s Your Biggest Waste of Money?

      Americans are in the age of reducing waste. There’s a big push to purchase sustainable products, reduce our usage of plastics, and recycle. But has this trend carried over to our personal finances?  Not really.  In a study by The Ascent, the financial expertise arm of The Motley Fool, more than 60 percent of respondents felt they have wasteful financial tendencies. Why is that?

    More

Subscribe

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

Events



  • Most Popular Stories

    • (IIB Photo/Joe Ulery)

      Neighborhood Concerned About Old GM Site, Too

      As the city of Indianapolis and Ambrose Property Group squabble about the future of the old GM Stamping plant site in downtown Indy, a fight that could end up in court, residents who live near the property are weighing in with their concerns. Jay Napoleon, president of The Valley Neighborhood Association, says it’s important the mixed-use vision for the property remain intact. Napoleon and Ambrose Property Group Vice President Mali Simone Jeffers talked about the future of...

    • What’s Your Biggest Waste of Money?

      Americans are in the age of reducing waste. There’s a big push to purchase sustainable products, reduce our usage of plastics, and recycle. But has this trend carried over to our personal finances?  Not really.  In a study by The Ascent, the financial expertise arm of The Motley Fool, more than 60 percent of respondents felt they have wasteful financial tendencies. Why is that?

    • POET ethanol co. announced in Aug 2019 it was closing the plant in Cloverdale. (photo courtesy: POET)

      Cloverdale Ethanol Plant Closes

      South Dakota-based POET LLC, the nation’s largest biofuels producer, is moving forward with a plan to shut down its biorefining plant in Cloverdale, leaving 50 Hoosiers without jobs effective Friday. The company tells Inside INdiana Business that it is not making any changes to the plans announced two months ago. 

    • Hoosiers to be Honored in Chicago

      The Indiana Society of Chicago is set to honor what it calls some of the most consequential Hoosiers in Indiana history. The organization in December will hold its annual dinner, which is designed "to recognize and celebrate exceptional Hoosier individuals and institutions that are making outstanding contributions to the state and nation."

    • The multi-year road project stretched from Bloomington to Indianapolis.

      INDOT to Update I-69 Extension

      The Indiana Department of Transportation has scheduled three public meetings for next week to update the community on the I-69 Section 6 road project.    Section 6 is an approximately $1.5 billion new interstate project stretching from Martinsville to I-465 in Indianapolis.