The $80 million project, which houses about 900 workers, boasts 187 collaboration spaces and has one-third the number of private offices as KAR’s previous headquarters two miles north.
It’s all about encouraging “collisions” among employees from across the company, interactions company officials believe will fuel innovation at a crucial time for the auto-auction giant.
CEO Jim Hallett said he believes 2019 will prove to be the peak year for brick-and-mortar auto auction volumes—thanks to a plateauing of the number of cars coming off lease and the growing use of online auctions by buyers and sellers.
Though KAR’s roots in the physical auction industry go back decades, company officials aren’t sitting around wringing their hands and wishing for the past.
Instead, they are investing heavily in their digital business, with the goal of becoming the industry leader—not just in online auctions but in the use of data to strengthen and expand business relationships with buyers and sellers.
“Our mindset is to disrupt ourselves,” said Hallett, 66, who now calls KAR a tech company. “And not only do we want to disrupt the industry in North America. We want to disrupt the industry internationally, as well.”
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