KAR Global is stopping all ADESA physical sale operations throughout North America — including simulcast-only sales — “for at least the next two weeks,” the company said in a statement Friday.
Previously, auctions were set to go simulcast-only through April 3.
As for Friday's news, KAR plans to maintain minimal essential operations at those auctions — so long as they are allowed, per local, state and provincial orders — for security and for receiving/releasing cars under certain circumstances.
“For those essential staff onsite, we will continue to follow all United States Centers for Disease Control and Prevention and Public Health Agency of Canada recommendations on workplace safety, social distancing and enhanced cleaning protocols,” KAR said in the statement.
KAR is keeping its digital marketplaces and platforms open. A remote workforce will continue to support those platforms.
“We believe this is a temporary safety measure, and that our balance sheet, including our cash position, is strong and we are well positioned to sustain our business and navigate the uncertainty for the foreseeable future,” KAR said.