AFC Launches Customer Relief Program in Response to COVID-19 Impact on Economic Conditions

Eligible Customers Can Defer Curtailment Payments Through End of May on Eligible Unsold Units

FOR IMMEDIATE RELEASE

CARMEL, Ind. – March 24, 2020 – Automotive Finance Corporation (AFC), a business unit of global vehicle remarketing and technology solutions provider KAR Auction Services Inc., d/b/a KAR Global (NYSE: KAR), announces the immediate launch of its Customer Relief Program. Under the program, eligible customers can choose to defer curtailment payments due through May 31, 2020, on eligible unsold units, including principal, fees and interest on those vehicles. Customers benefit by having the option to make no payments on any new or existing unsold eligible vehicles coming due between now and the end of May.

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