KAR Acquires Clearplan

KAR Fortifies Leading Asset Recovery Capabilities with Acquisition of Clearplan

Digital Platform to Enhance Current Service Offerings Through Real-Time, Cloud-Based Data Delivery and Reporting

FOR IMMEDIATE RELEASE

CARMEL, Ind. – November 13, 2018 – KAR Auction Services, Inc. (NYSE: KAR), a global automotive remarketing and technology services provider announced the acquisition of Reno, Nevada-based Clearplan. Clearplan’s digital platform provides recovery agents, drivers, forwarders and automotive lenders a centralized, mobile, cloud-based hub for repossession workflow and logistics management. The acquisition brings innovative new mobile technology and real-time data analytics to KAR’s portfolio of software as a service capabilities including Recovery Database Network (RDN).