CARMEL, Ind. -

ADESA announced that the company’s 68 North American auction locations will observe National Auto Auction Week, which is scheduled for Aug. 20 through Aug. 24.

The company recapped that National Auto Auction Week was established by the National Auto Auction Association to recognize its members and the contributions they make both to the national economy and their local communities.

The celebration coincides with the organization’s anniversary, which reached 64 years this month.

“ADESA is excited to participate in National Auto Auction Week. It is a wonderful opportunity to celebrate everything that makes this industry great — our employees, our customers and our communities,” said ADESA president and chief executive Tom Caruso.

“As a former president of NAAA, I look forward to this annual event,” Caruso added.

NAAA encourages everyone to “commemorate seven decades of entrepreneurship and financial success,” during the week.

According to NAAA, its 314 North American member auctions sold 7.66 million vehicles and generated $73 billion in revenue last year.

Auction operations created a local economic impact by maintaining an average of 141 jobs in their communities.

NAAA promotes the interests of the auto remarketing industry, as well as provides essential training and collaboration to all its members. ADESA emphasized that it is a long-time supporter of the organization and its initiatives.

Throughout the years, a number of ADESA employees have served on various NAAA boards and committees.