KAR Auction Services, Inc., a leading digital marketplace for used vehicles, operates in multiple countries including North America, Europe, the Philippines, and Uruguay. The company, which consists of two segments, Marketplace and Finance, provides an array of digital marketplace services for buying and selling used cars. The Marketplace segment includes BacklotCars, a platform that allows dealers to sell and source inventory in a bidding environment in the United States, TradeRev, an automotive remarketing platform in Canada, ADESA U.K., and ADESA Europe. This segment also offers ancillary services like transportation logistics, reconditioning, vehicle inspection and certification, titling, administrative, and collateral recovery services. The Finance segment provides floorplan financing, which is a short-term inventory-secured financing option for independent used vehicle dealers. Both segments serve vehicle manufacturers, rental car companies, financial institutions, commercial fleets, and franchised and independent used vehicle dealers. The Indiana-based company, formerly known as KAR Holdings, Inc., changed its name to KAR Auction Services, Inc. in November 2009, and currently operates its headquarters in Carmel, Indiana.