Team applies the latest data science tools to optimize economic outcomes for vehicle remarketing customers
CARMEL, Ind., April 12, 2016—KAR Auction Services, Inc. (NYSE: KAR), a leading end-to-end vehicle remarketing services provider, today announced the formation of a new Data Science Solutions Group (KAR DataSci). Dr. Huey Antley, a seasoned advanced analytics leader and skilled data architect, will serve as vice president and chief data scientist of the new group. Dr. Antley, who most recently held the role of vice president of marketing analytics for KAR subsidiary Automotive Finance Corporation (AFC), will report directly to KAR Chief Operating Officer Don Gottwald.
“KAR will commit the resources necessary to develop products specific to the auto remarketing industry that enable our customers to make better business decisions,” said Gottwald. “The KAR Data Science Solutions group is actively applying data science and predictive modeling to our business, leveraging the rich data assets collected over many years to optimize decisions in vehicle remarketing.”
KAR holds a unique position in wholesale automotive marketplace with information on vehicles in the used car, salvage, donation, repossession and dealer-to-dealer sectors. KAR DataSci is able to use these billions of data points to create and apply predictive algorithms that optimize customer returns and maximize results.
“In essence, we are bringing science to our customers to lower their operating costs, enable them to turn vehicles faster with less risk and ultimately help them be more successful,” said Dr. Antley. “I am excited to lead this talented team in applying advanced mathematical and computing science to data to meet our customers’ needs and deliver real business solutions.”
Dr. Antley joined the KAR group in 2014 from Mitchell International, a leading provider of software solutions for the property and casualty insurance industry, where he served as director of analytics for Mitchell’s ClaimsLab™. Prior to Mitchell, he was chief data scientist for The Walt Disney Company’s Customer Data Environment. He has more than 30 years of experience in applying data science, including roles at GMAC Financial Services (now Ally), HSBC Auto Finance and ALLTEL Information Services.
About KAR Auction Services
KAR Auction Services, Inc. (NYSE: KAR), a FORTUNE® 1000 company, operates worldwide vehicle auction services and provides related services. Based in Carmel, Indiana, the KAR group of companies is comprised of ADESA, Inc. (ADESA), Insurance Auto Auctions, Inc. (IAA), Automotive Finance Corporation (AFC), and additional business units, with approximately 14,000 employees and 240 auction facilities. Together, KAR’s complementary businesses provide support, technology and logistics for the used vehicle industry. For more information, visit karauctionservices.com.