New Centralized Offerings Deliver Confidence and Compliance to Customers
CARMEL, Ind. – Jun. 18, 2020 – PAR North America (PAR), a business unit of global vehicle remarketing and technology solutions provider KAR Auction Services Inc., d/b/a KAR Global (NYSE: KAR), launches centralized title warehousing and electronic title processing services in compliance with all state regulatory requirements. PAR’s robust title services save customers additional staffing and storage costs and provide confidence that needs are met in a timely, efficient and compliant manner.
“At PAR, we’ve created a more efficient, convenient experience for our clients with expanded and innovative services to meet all their needs,” said Lisa Scott, president of PAR. “Our warehousing service relieves customer pain points while ensuring adherence to all regulatory requirements. Plus, our electronic title processing service gives customers digital access to titles across North America, anytime day or night—offering customers the most seamless, all-encompassing solution in the industry. ”
Title warehousing and processing is a manual, paper-driven process for automotive industry lenders, and PAR has streamlined and centralized these services. Now, PAR can work on behalf of its customers to process and warehouse vehicle titles during the financing, recovery, auction and resale of a vehicle. PAR will store, process and send vehicle titles directly to the consumer while providing full transparency and digital access to title images at any time 24/7.
“The team at PAR works very closely with our clients to provide strategic solutions and deliver benefits and value beyond typical vehicle transition services,” said Scott. “Plus, we stay connected and in lockstep with the National Titles Solutions Forum to monitor the most up-to-date changes in state titling requirements.”
PAR’s title services are just one segment of the company’s full repossession lifecycle management solutions. The title services group delivers more than a dozen solutions to customers, from repossession, redemption, corrected and duplicated titles to tracking, history, storage and transfer of equity.
PAR is a leading U.S. provider of vehicle transition services with coast-to-coast solutions for compliance tracking, recovery management, remarketing, skip tracing and title services. PAR leverages its corporate family connections under the KAR Global umbrella to provide unique end-to-end solutions to more than 400 clients nationwide. For more information about PAR and our new title management services, visit https://parnorthamerica.com/.
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About KAR
KAR Auction Services, Inc. d/b/a KAR Global (NYSE: KAR), provides sellers and buyers across the global wholesale used vehicle industry with innovative, technology-driven remarketing solutions. KAR Global’s unique end-to-end platform supports whole car, financing logistics and other ancillary and related services, including the sale of nearly 3.8 million units valued at approximately $40 billion through our auctions in 2019. Our integrated physical, online and mobile marketplaces reduce risk, improve transparency and streamline transactions for customers in more than 80 countries. Headquartered in Carmel, Indiana, KAR Global has employees across the United States, Canada, Mexico, U.K. and Europe. For more information and the latest news, go to www.KARglobal.com and follow us on Twitter @KARspeaks.
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