WESTCHESTER, Ill. ? Insurance Auto Auctions, Inc. (IAA) the leading live and live-online salvage auto auction company and wholly-owned subsidiary of KAR Auction Services, Inc. (NYSE: KAR), today announced the relocation of its Austin branch to a brand new facility. The initial size of the facility will be 37 acres with additional expansion possibilities. With its excellent facilities, this new strategic location in southeast Texas, will offer IAA buyers and sellers a significantly improved auction experience.
?Enhancing the live auction experience is important to us as our live and live online auction method is the best method to attract the wide variety of buyers who attend our auctions each week,? said Tom O?Brien chief executive officer at Insurance Auto Auctions, Inc. ?In fact, we decided to relocate to this larger facility for a number of key reasons. In this market, we offer a covered inspection area that is convenient to sellers when it hits 100-degree heat in Texas. There are two covered run-and-drive lanes, 37-acres of usable space with more than 20 additional acres to expand, and 250-feet of covered motorcycle and hi-value vehicle storage areas to meet our high volume demand. In addition to the primary storage area, we have dedicated additional acres to handle catastrophe (CAT) situations for this region. I?m pleased to report that customer reviews already indicate a positive response to this new location and its facilities.?
Auction sales will be held at this facility on Tuesdays at 9 a.m. The new IAA-Austin address is 2191 State Hwy 21 in Dale, Texas. The telephone number is 512-321-8075. Given the expansive landscape, this location also mirrors the company?s green philosophy with respect to the environment and an added greenbelt to the entrance will use reclaimed water for its landscape irrigation. In addition, IAA incorporated recycled concrete and reclaimed asphalt throughout the facility wherever possible.
IAA?s unmatched operational expertise helps to offer end-to-end solutions and standardized quality assurance practices at each of its nearly 160 locations. For the past 30 years, Insurance Auto Auctions has continued to develop and cultivate a mature and global customer buyer base now representing 110 countries. Last year, IAA sold over 1.3 million vehicles at auction. IAA buyers include automotive body shops, rebuilders, used car dealers, automotive wholesalers, exporters, dismantlers, recyclers, brokers, and where allowed, non-licensed (public) buyers.
IAA buyers have access via their mobile phones and can bid on up to eight auctions at a time. The IAA Auction Center offers auctions in six languages including: English, Spanish, Mandarin Chinese, French, Polish and Russian. An estimated 30 percent of IAA?s vehicles are sold and exported to foreign countries, which further strengthens its philosophy of choice and flexibility with ?anywhere? access and mobile technology.
IAA follows strict regulatory compliance at the federal and state levels and is well versed in all state titling laws as well as buyer and seller licensing.
About Insurance Auto Auctions, Inc.
Insurance Auto Auctions is the leading live and live-online salvage vehicle auction company and a wholly-owned subsidiary of KAR Auction Services, Inc. (NYSE: KAR). Headquartered in Westchester, Illinois, IAA has nearly 160 auction facilities throughout North America offering towing, financing and titling services. With the most auction facilities in North America, IAA provides registered buyers from around the globe with millions of opportunities to bid on and purchase donated and salvaged vehicles. Since 1982, IAA has sold millions of vehicles through its weekly auctions for insurance companies, fleet and rental companies, financing companies, charity organizations and the general public. IAA also leverages its business model to assist charitable organizations in the US through its One Car One Difference? campaign. To date IAA has provided millions of dollars in additional funding to charities by assisting in the processing of donated vehicles. Learn how we are making a difference by visiting www.1car1difference.com. With a talented team of over 1,800 employees, IAA is committed to providing customers with the highest level of services in the salvage auto industry. Go to www.iaai.com to learn more, and follow IAA on Facebook and Twitter.
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