Insurance Auto Auctions Opens in Anchorage

. April 22, 2010

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 their 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

Category: Auction News

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