For Immediate Release
Vice President, Marketing
Insurance Auto Auctions Opens New Facility in Anchorage, Alaska
Strategic Location Benefits IAA’s Vehicle Providers and Global Buyers
Westchester, Ill. — Insurance Auto Auctions, Inc., the leading hybrid model salvage auto auction company and a wholly owned subsidiary of KAR Auction Services, Inc. (NYSE: KAR), announced its new facility in Anchorage, Alaska. This marks the 14th branch location in IAA’s northwest region and adds to the more than 150 locations throughout North America. IAA’s strategic growth further strengthens its leading facility footprint and enhances its current long-term regional and national vehicle provider relationships.
“Insurance Auto Auctions is focused on expanding its geographic coverage and that equates to larger volume for buyers and more options for vehicle providers to maximize salvage returns and shorten the claims process,” said Tom O’Brien, CEO. “We will continue to evaluate opportunities in selected markets that effectively leverage our sales and marketing capabilities and positively position IAA for the future. Anchorage is a strategic location that will further benefit many of our long-term customers.” O’Brien stated.
IAA’s global buyer base, which consists of automotive body shops, rebuilders, used car dealers, automotive wholesalers, exporters, dismantlers, recyclers, brokers and, where allowed, non-licensed (public) buyers, now has even more choices when it comes to the number of salvage vehicles to bid on and buy. IAA auction preview dates and times vary from facility to facility. For more information, go to IAA’s Branch Information page at iaai.com.
About Insurance Auto Auctions, Inc.
Insurance Auto Auctions, Inc. (IAAI) a wholly owned subsidiary of KAR Auction Services, Inc. (NYSE: KAR), provides the advantage in salvage auto auctions with its Hybrid Auction Model combining live and live-online auctions, North America’s broadest salvage auction facility footprint, a strong global buyer base and high vehicle returns. IAA’s more than 150 facilities across the United States and Canada provide vehicle suppliers and buyers with powerful solutions to process and acquire total-loss, recovered-theft, fleet lease, donation and rental vehicles. The IAA Hybrid Auction Model, including live, live-online, and proxy bidding, united with its mature global buyer base and diverse inventory, produce some of the industry’s highest returns for vehicle providers. With 28 years in the industry, IAA holds a comprehensive warehouse of salvage auction data. For more information regarding IAA visit our website at www.iaai.com.