Insurance Auto Auctions, Inc. (IAA) Selects Audatex as Exclusive Information Provider for NMVTIS Reporting

. January 13, 2010

Audatex North America, Inc. today announced an agreement with Insurance Auto Auctions, Inc. (IAA), one of the leading North American salvage auto auction companies, to become its exclusive vendor for NMVTIS reporting. The Audatex solution will allow IAA to easily report required NMVTIS data on more than 1 million vehicles per year.

Federal U.S. National Motor Vehicle Title Information System (NMVTIS) rules, which became effective March 2009, require that reporting entities (insurers, salvage yards, salvage pools, and vehicle shredders) report salvage and total loss vehicles into the national NMVTIS database. As one of the three official data consolidators, Audatex validates vehicle data provided to it by reporting entities before submitting it to NMVTIS.

“We have worked with Audatex for over 5 years on projects related to the salvage industry. Selecting Audatex to be our NMVTIS reporting vendor was a natural extension of our excellent working relationship. Audatex brings with it proven expertise in software solutions for the salvage and insurance industries,” said Tom O’Brien, President for IAA.

Mike Salfity, Managing Director of Audatex for North America, said: “Audatex has a leading presence in the insurance, collision repair and salvage industries. This gives us the unique ability to efficiently enable our customers to meet their NMVTIS reporting obligations and participate in the drive to help consumers avoid fraud. We are pleased to be selected as IAA’s exclusive NMVTIS reporting vendor.”

About Audatex North America, Inc.

Audatex is the leading global claims solutions provider serving the automotive industry. Active today across six continents, Audatex provides world-class claims solutions that help customers automate their processes; managing millions of claims each year efficiently and effectively, and resolving billions in claims settlements. Beyond a leading presence in automotive claims, our growing footprint also extends into the automotive related financial services and medical claims solutions markets. As part of the Solera group of companies, Audatex, Sidexa, Informex, ABZ, Hollander and IMS draw on unique global experience to develop and deliver the latest technologies, market intelligence and best practices on a local level. For more information, please refer to the Company’s website at www.audatex.us.

About Insurance Auto Auctions, Inc.

Insurance Auto Auctions, Inc. provides the advantage in salvage auto auctions with their 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 corporate owned 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, I-Buy Fast, and proxy bidding, united with their mature global buyer base and diverse inventory produce some of the industry’s highest returns for vehicle providers. With over 26 years in the industry, IAA holds the most comprehensive warehouse of salvage auction data. For more information regarding IAA visit our website at www.iaai.com

Category: Auction News

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