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From 2004 to 2008, the number of vehicles sold at auctions in the U.S. ranged from 9.4 million to 9.7 million per year. And there are no signs that this will change.
It's certainly great news for Kar Holdings, which is the number two auction operator in the space. Now, the company has filed to go public (here's a profile on the deal).
Kar has 214 physical auction locations as well as a variety of websites (which allow for real-time auctions). Through this system, the company facilitated the sale of more than 3.2 million cars last year.
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