ADESA Expands Digital Auction Platform with ADESA Timed

Latest launch extends ADESA’s proprietary digital auction offering to wholesale sellers nationwide

PHOENIX--(BUSINESS WIRE)--ADESA, a leader in wholesale auto auctions and subsidiary of Carvana (NYSE: CVNA), today announced the launch of ADESA Timed, the latest enhancement to ADESA’s growing digital wholesale platform. ADESA Timed builds on the success of ADESA Clear, extending ADESA's timed digital auction offering to wholesale sellers.

“We believe we've built the most compelling digital wholesale platform in the industry, and ADESA Timed extends that marketplace to a broader group of sellers,” said Nikki Behrens, ADESA’s Vice President, Marketplaces. “ADESA Timed gives our customers a new way to reach ADESA's highly-engaged, digital buyer base while benefiting from the same transparency, efficiency, and technology that define our marketplace.”

ADESA Timed enables wholesale sellers, including financial institutions, fleets, rental companies, and dealer groups, to leverage ADESA's timed digital auction capabilities through a self-service selling experience. Sellers can list inventory directly on ADESA's digital auction using the same technology, tools, and merchandising capabilities that support ADESA Clear.

ADESA's digital auction platform now includes three products:

• ADESA Clear — ADESA's fully managed timed auction offering
• ADESA Timed — ADESA’s self-service timed auction offering
• ADESA Simulcast — Live digital access to ADESA's in-lane auctions

Alongside ADESA’s traditional physical auction, these offerings provide a robust, efficient, robust marketplace for wholesale buyers and sellers nationwide.

For more information or to register for upcoming wholesale auctions, visit ADESA.com.

About ADESA

ADESA is a leader in wholesale auto, providing comprehensive remarketing and logistics solutions that help OEMs, financial institutions, fleets, and dealers source, sell and manage cars efficiently and profitably. ADESA customers across the country enjoy access to its extensive physical auction network, robust digital offerings, and value-added services. ADESA is owned by leading online automotive retailer Carvana (NYSE: CVNA).

Learn more about ADESA here.

About Carvana

Carvana’s mission is to change the way people buy and sell cars. Since launching in 2013, more than 4 million customers have chosen Carvana’s leading automotive e-commerce experience to shop, sell, finance, and trade in vehicles entirely online, with the convenience of delivery or local pickup as soon as the same day. Carvana’s unique offering is powered by its passionate team, differentiated national infrastructure, and purpose-built technology.

For more information, please visit Carvana.com.