KAR Auction Services Collects Record Amount for Midwest Food Bank

For Immediate Release

Media Inquiries:
Darci Valentine
(317) 249-4414
darci.valentine@karauctionservices.com

Analyst Inquiries:
Mike Eliason
(317) 249-4559
mike.eliason@karauctionservices.com

KAR Auction Services Collects Record Amount for Midwest Food Bank

CARMEL, Ind., September 22, 2016—Carmel, Ind.-based KAR Auction Services, Inc. (NYSE: KAR), a provider of used-vehicle auction services, announced today that its annual food drive at the company’s corporate office achieved record-breaking results with the donation of more than 29,000 food items and $1,067.

The annual KAR food drive is the largest single-event food drive for Midwest Food Bank in the state. The Indianapolis branch of the Midwest Food Bank benefited from these donations.

“It is amazing to see all of our employees rally together for our annual ‘Battle of the Floors’ food drive, and it is incredible what they are able to accomplish in just one week,” said Jim Hallett, KAR Auction Services chairman and CEO. “We are honored to support such a worthwhile cause—it is rewarding to know that our donation alone will provide a meal to more than 19,000 of our neighbors.”

This is the company’s sixth annual “Battle of the Floors” food drive. It groups employees by floor in a friendly competition to collect money and food items for charity.

Midwest Food Bank strives to bridge the gap between poverty and prosperity in the communities by alleviating hunger and poverty by gathering and distributing food donations to not-for-profit and disaster sites.

A recent study, the Map the Meal Gap 2016, revealed that 15 percent of the population in Indiana is food insecure. That’s more than 1 million people, including 335,000 children.

“Food collected here at KAR will help feed so many of our neighbors,” said John Whitaker, executive director of Midwest Food Bank. “This is a true model of generosity that started here at KAR and has grown. They are building a safety net of hope and relief in our community.”

About KAR Auction Services
KAR Auction Services, Inc. (NYSE: KAR), a FORTUNE® 1000 company, operates worldwide vehicle auction services and provides related services. Based in Carmel, Indiana, the KAR group of companies is comprised of ADESA, Inc. (ADESA), Insurance Auto Auctions, Inc. (IAA), Automotive Finance Corporation (AFC), and additional business units, with approximately 17,000 employees and 300 locations. Together, KAR’s complementary businesses provide support, technology and logistics for the used vehicle industry. For more information, visit karauctionservices.com.