Industry Honors KAR CEO

By Staff Writer March 11, 2018

James P. Hallett has received the Bobit Industry Icon Award in recognition of more than 40 years of service to the automotive industry.

The National Auto Auction Association and the International Automotive Remarketers Association honored the chief executive officer and chairman of the board of KAR Auction Services Inc., at the 2018 Conference of Automotive Remarketing in Las Vegas this month.

The organizations jointly created the annual award in 2015 commemorating the late Ed Bobit, founder of Bobit Business Media, to be bestowed on members of the automotive community who most exemplify his leadership, dedication, service, and devotion to the ideal of excellence.

As KAR's CEO and chairman, Hallett leads the executive management team in strategic planning for the entire corporation. Based in Carmel, Ind., the KAR group of companies comprises ADESA, Inc., Insurance Auto Auctions, Inc., Automotive Finance Corporation Inc., and ancillary units. They employ a total of 17,600 people, providing support, technology, logistics, financing, salvage, and related services for the remarketing industry, including sales of more than 5 million units valued at over $40 billion through its auctions.

Last modified on Sunday, 11 March 2018 15:09