KAR Auction Services expands in UK with HBC Vehicle Services acquisition
Headquartered in Canvey Island, HBC specialises in salvage vehicle auctions and related services for insurance, fleet and accident management companies.
“This acquisition is the start of our expansion into new global markets, and we look forward to bringing our remarketing capabilities to the United Kingdom and beyond,” said Jim Hallett, KAR CEO and chairman. “KAR is unique in that we are able to offer our customers an unmatched range of automotive remarketing services: from online and physical whole car and salvage auctions to floorplan financing and a wide range of used vehicle technology solutions such as Autoniq, TradeRev and DataScan.
“We are and will remain dedicated to our customers,” added Steve Hankins, managing director of HBC Vehicle Services. “With KAR’s expertise and support, we are excited to accelerate our growth plans and continue to deliver competitive services to the salvage auction industry across the United Kingdom. We look forward to finding new ways to deliver the best products and services to all of our customers.”