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KAR to buy data provider DRIVIN for $43 million

KAR COO Don Gottwald told Reuters that the deal was timely for the company because U.S. new-vehicle sales appear to have peaked following a record year in 2016 and automakers will have to contend with millions of off-lease vehicles returning to the market over the next few years. “We believe there is an opportunity for us to better match the right dealer buyer for the right vehicle.”

KAR to buy data provider DRIVIN for $43 million