IAA Launches New Interchange Part Number Search Capability To Help Buyers Make Smarter Purchases At Auction

New Data Service Enables Buyers to Search for Vehicles by Hollander Interchange™ Part Number

May 20, 2015, 18:41 ET from Insurance Auto Auctions, Inc.

WESTCHESTER, Ill., May 19, 2015 /PRNewswire/ -- Insurance Auto Auctions, Inc. (IAA), a business unit of KAR Auction Services (NYSE: KAR), and the leading live and live-online salvage auto auction company, today announced the launch of their new search capability that enables buyers to efficiently search for specific parts in vehicles up for auction by the Hollander Interchange™ Part Number.

"IAA is committed to digital innovations that help our buyers make smarter decisions at auctions," said John Kett, CEO and president, IAA. "We are always listening to our buyers and sellers and we know that time is a valuable commodity. We like to keep things simple and easy for our customers, and with this service, buyers are able to accurately and quickly evaluate more vehicles in less time."

Hollander Interchange™ Part Numbers are integrated into the normal search functionality on www.iaai.com, the mobile website and mobile app platforms. Interchange part numbers are searchable for 14 different part types, including fenders, hoods, airbags, axle assembly, engine assembly and door assembly parts.

A video demonstration of the search capability can be seen here: https://www.youtube.com/watch?v=VW3PMdePHgQ.

About Insurance Auto Auctions, Inc.

Insurance Auto Auctions is the leading live and live-online salvage vehicle auction company and a business unit of KAR Auction Services (NYSE: KAR). Headquartered in Westchester, Illinois, IAA has over 165 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 2,000 employees, IAA is committed to providing customers with the highest level of services in the salvage auto industry. Go to www.IAA-Auctions.com to learn more, and follow IAA on Facebook and Twitter.

About Hollander, LLC

For more than 80 years Hollander has delivered trusted business solutions and helped drive parts demand to the automotive recycling industry. Hollander is a business unit of Solera Holdings, Inc. (NYSE: SLH), a leading global provider of risk and asset management software and services to the automotive and property marketplace, including the P&C insurance industry. For more information visit www.hollandersolutions.com.



SOURCE Insurance Auto Auctions, Inc.