For Immediate Release
Vice President, Marketing
Insurance Auto Auctions Opens Two Facilities in Louisiana
Strategic Locations Create Broader Coverage in Louisiana
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), today announced the opening of two facilities in Louisiana, including Lafayette and New Orleans (Covington, LA.). These two facilities complement IAA’s Baton Rouge branch and create broader coverage throughout Louisiana.
“Our focus at IAA has been to increase our facility footprint because it simply is a win-win for our buyers and sellers alike knowing that we can offer even more vehicles at convenient locations and provide lower transportation costs,” said Tom O’Brien, CEO. “We pride ourselves as a ‘one-stop shop’ for insurers by offering more locations, and provide a comprehensive suite of auction, logistics, and claims services, which maximize salvage returns, lower administrative costs, and ultimately shorten the claims process,” O’Brien stated.
IAA’s mature 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 have 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 www.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, produces 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.