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KAR plans to add 249 jobs in Carmel expansion

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KAR Auction Services Inc. announced Monday night that it plans to expand its Carmel headquarters, creating up to 249 jobs by 2015.

The company, which currently employs more than 500 in Carmel, said it will "invest several million dollars to lease and equip more space at its existing facility at 13085 Hamilton Crossing Blvd."

KAR plans to begin hiring additional customer-service and management personnel in the first quarter of 2011, with additional hires planned throughout the next five years, it said.

The Indiana Economic Development Corp. offered KAR up to $4.5 million in performance-based tax credits and up to $200,000 in training grants based on the company's job-creation plans. The city of Carmel will consider additional property-tax abatement.

The company said the growth is the result of recent acquisitions and consolidation of certain corporate functions.

KAR is the holding company for Adesa Inc., a leading provider of wholesale used vehicle auctions; Insurance Auto Auctions Inc., a national salvage auto auction company; and Automotive Finance Corp., a provider of financing to used vehicle dealers.

The company recently reported third-quarter profit of $25.6 million on revenue of $445.3 million.

Overall, KAR employs nearly 11,000 in the United States, Canada and Mexico. KAR's network of companies includes 70 ADESA whole car auctions, 159 Insurance Auto Auctions Inc. salvage vehicle auctions, and 88 AFC loan production offices.

"Indiana has proven to have a competitive business climate and a skilled workforce," said KAR CEO Jim Hallett in a prepared statement. "So when it came time to expand our operations, it made sense to do so in Carmel. We are excited by this opportunity and we appreciate the city's support for our continued growth."

 

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  1. Those of you yelling to deport them all should at least understand that the law allows minors (if not from a bordering country) to argue for asylum. If you don't like the law, you can petition Congress to change it. But you can't blindly scream that they all need to be deported now, unless you want your government to just decide which laws to follow and which to ignore.

  2. 52,000 children in a country with a population of nearly 300 million is decimal dust or a nano-amount of people that can be easily absorbed. In addition, the flow of children from central American countries is decreasing. BL - the country can easily absorb these children while at the same time trying to discourage more children from coming. There is tension between economic concerns and the values of Judeo-Christian believers. But, I cannot see how the economic argument can stand up against the values of the believers, which most people in this country espouse (but perhaps don't practice). The Governor, who is an alleged religious man and a family man, seems to favor the economic argument; I do not see how his position is tenable under the circumstances. Yes, this is a complicated situation made worse by politics but....these are helpless children without parents and many want to simply "ship" them back to who knows where. Where are our Hoosier hearts? I thought the term Hoosier was synonymous with hospitable.

  3. Illegal aliens. Not undocumented workers (too young anyway). I note that this article never uses the word illegal and calls them immigrants. Being married to a naturalized citizen, these people are criminals and need to be deported as soon as humanly possible. The border needs to be closed NOW.

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  5. deport now

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